Urban&Civic plc Director/PDMR Shareholding (7103J)
December 06 2018 - 8:54AM
UK Regulatory
TIDMUANC
RNS Number : 7103J
Urban&Civic plc
06 December 2018
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them in accordance with the Market Abuse
Regulations.
6 December 2018
Urban&Civic plc
Nigel Hugill on 5 December exercised outstanding entitlements
over 75,000 shares under the Company's Deferred Share Bonus Plan
and Performance Share Plan, on which he will settle the related
option price and tax withholding obligation in cash. He intends to
retain these shares.
The following ordinary shares of 20 pence in Urban&Civic plc
will be delivered to him to satisfy the exercise of:
A) the 2015 deferred annual bonus award ("Deferred Bonus Award"); and
B) partial exercise of the award granted under the Company's
Performance Share Plan in September 2014 ("PSP Award").
PDMR A B Total
No. of shares No. of shares
delivered under delivered under
the Deferred the PSP Award
Bonus Award
Nigel Hugill 35,006 39,994 75,000
----------------- ----------------- -------
A) 50% of the annual bonus payable to the PDMR for the year
ended 30 September 2015 was deferred for a vesting period of two
years (which ended on the second anniversary of the fourth dealing
day after the announcement of results in November 2017), subject to
continued employment. Further details of this deferred bonus will
be included in the next Directors' Remuneration Report.
B) The PSP award granted in September 2014 vested at 28.7% in December 2017.
The awards will be settled by a transfer of shares from the
Company's employee benefit trust to the PDMR above.
Details of the full notifications received by the Company are
set out below.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Nigel Hugill
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2 Reason for Notification
-----------------------------------------------------------------------------
a) Position/status Chief Executive
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b) Initial notification/Amendment Initial Announcement
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3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------
a) Name Urban&Civic plc
------------------------------- --------------------------------------------
b) LEI 213800WL3TK2BJGFCY44
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4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
-----------------------------------------------------------------------------
a) Description of the financial Ordinary Shares of 20 pence each in
instrument, type of Urban&Civic plc
instrument
Identification code GB00BKT04W07
------------------------------- --------------------------------------------
b) Nature of the transaction Acquisition of shares in settlement
of the exercise of the 2015 deferred
annual bonus award(1) and partial exercise
of the 2014 PSP award(2).
------------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBPnil 35,006(1)
----------
GBP0.20 39,994(2)
----------
------------------------------- --------------------------------------------
d) Aggregated information
* Aggregated volume 75,000
GBP7998.80
* Price
------------------------------- --------------------------------------------
e) Date of the transaction 5 December 2018
------------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
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END
DSHUNVORWUAURAA
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