FOR IMMEDIATE RELEASE
28 November 2016
London & Associated Properties PLC (“the
Company”):
Treasury Stock and
Directors’ Shareholdings
On 28 November 2016 the Company
was notified by the trustee of the HMRC approved Share Incentive
Plan (SIP) of the purchase of 2,831 ordinary shares out of treasury
at 21.25 pence per share (being the
last stock exchange closing mid – price on 25 November 2016). These shares were
purchased on behalf of the Company’s directors and employees with
cash accumulated from dividends and will be distributed to members
of the SIP as Dividend Shares.
Directors receiving shares and new beneficial holding totals are
as follows-
ADDITIONAL
NEW
TOTAL
% OF
ISSUED
SHARES
HOLDING
SHARES
Directors-
J A
Heller
402
1,642,923
1.93%
A K
Thapar
495
120,495
0.14%
On 28 November 2016 the Company
issued 224,470 ordinary shares from Treasury to cover bonuses to a
director at 21.25 pence per share
(being the last stock exchange closing mid – price on 25 November 2016).
Director receiving shares and new beneficial holding totals are
as follows-
ADDITIONAL
NEW
TOTAL
% OF
ISSUED
SHARES
HOLDING
SHARES
Director-
J A Heller
224,470
1,867,393
2.19%
Following the issue of Treasury shares, J A Heller and his
family had an interest in 48,080,063 shares in the company
representing 56.35% of the issued share capital net of Treasury
shares.
The Company now holds 221,061 shares in Treasury and has
85,321,650 ordinary shares in issue (excluding treasury shares).
This figure of 85,321,650 represents the total voting rights in
the Company and may be used by shareholders as the denominator for
the calculations by which they can determine if they are required
to notify their interest in, or a change to their interest in, the
Company under the Financial Conduct Authority's Disclosure and
Transparency Rules.
Ends.
For further information, please contact:
Anil Thapar
Company Secretary
London & Associated Properties
PLC
Tel: 020 7415 5000