St. Modwen Properties PLC Director/PDMR Shareholding (7512Q)
21 February 2019 - 11:00PM
UK Regulatory
TIDMSMP
RNS Number : 7512Q
St. Modwen Properties PLC
21 February 2019
21 February 2019
St. Modwen Properties PLC
(the "Company")
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them (in accordance with the Market Abuse
Regulations)
St. Modwen Properties PLC announces the following
transactions:
2019 Performance Share Plan Award
On 20 February 2019 awards under the St. Modwen Properties PLC
2017 Performance Share Plan, structured as nil-cost options over
the Company's ordinary shares of 10 pence each, were granted to the
executive directors noted below:
Director / PDMR Number of shares comprising award
Mark Allan 224,170
----------------------------------
Rob Hudson 125,802
----------------------------------
Vesting of the awards is subject to the achievement of relative
TSR performance (assessed on a median to upper quartile ranking
approach using a bespoke comparator group of real estate companies)
and total accounting return (measuring growth in net asset value
plus dividends paid), both measured independently over the three
financial years ending on 30 November 2021.The awards are also
subject to a compulsory two-year post-vesting holding period.
The notifications set out below relating to the above
transactions are provided in accordance with the requirements of
the EU Market Abuse Regulation.
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Mark Allan
--------------------------------------------------- -------------------------------------------------
2. Reason for the Notification
------------------------------------------------------------------------------------------------------
a) Position/status Chief Executive
--------------------------------------------------- -------------------------------------------------
b) Initial notification/Amendment Initial notification
--------------------------------------------------- -------------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------------------------
a) Name St. Modwen Properties PLC
--------------------------------------------------- -------------------------------------------------
b) LEI 213800WMV4WVES8TQH05
--------------------------------------------------- -------------------------------------------------
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 instrument, type of Ordinary shares of 10 pence each in St.
instrument Modwen Properties PLC
Identification code GB0007291015
--------------------------------------------------- -------------------------------------------------
b) Nature of the transaction Nil cost option over 224,170 ordinary shares
granted under the St. Modwen Properties
PLC 2017 Performance Share Plan ("2019
PSP"). Vesting of award subject to satisfaction
of performance conditions measured over
a three-year period ending on 30 November
2021. Award subject to a compulsory two-year
post-vesting holding period.
--------------------------------------------------- -------------------------------------------------
c) Price(s) and volume(s) N/A
--------------------------------------------------- -------------------------------------------------
d) Aggregated information: N/A
--------------------------------------------------- -------------------------------------------------
e) Date of the transaction 2019-02-20
--------------------------------------------------- -------------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------------------------- -------------------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Robert Hudson
--------------------------------------------------- -------------------------------------------------
2. Reason for the Notification
------------------------------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
--------------------------------------------------- -------------------------------------------------
b) Initial notification/Amendment Initial notification
--------------------------------------------------- -------------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------------------------
a) Name St. Modwen Properties PLC
--------------------------------------------------- -------------------------------------------------
b) LEI 213800WMV4WVES8TQH05
--------------------------------------------------- -------------------------------------------------
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 instrument, type of Ordinary shares of 10 pence each in St.
instrument Modwen Properties PLC
Identification code GB0007291015
--------------------------------------------------- -------------------------------------------------
b) Nature of the transaction Nil cost option over 125,802 ordinary
shares granted under the St. Modwen Properties
PLC 2017 Performance Share Plan ("2019
PSP"). Vesting of award subject to satisfaction
of performance conditions measured over
a three-year period ending on 30 November
2021. Award subject to a compulsory two-year
post-vesting holding period.
--------------------------------------------------- -------------------------------------------------
c) Price(s) and volume(s) N/A
--------------------------------------------------- -------------------------------------------------
d) Aggregated information: N/A
--------------------------------------------------- -------------------------------------------------
e) Date of the transaction 2019-02-20
--------------------------------------------------- -------------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------------------------- -------------------------------------------------
LEI: 213800WMV4WVES8TQH05
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END
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