St. Modwen Properties PLC Director/PDMR Shareholding (7607Z)
22 May 2019 - 2:18AM
UK Regulatory
TIDMSMP
RNS Number : 7607Z
St. Modwen Properties PLC
21 May 2019
21 May 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:
1. Exercise of 2016 Performance Share Plan ("PSP") Award
On 17 May 2019 Rob Hudson exercised the nil-cost 2016 PSP Award.
The awards vested at 50% and became capable of exercise on 22
February 2019 following the achievement of the performance
conditions measured over a three year period which ended on 30
November 2018. In accordance with the rules of the PSP, the
director received an additional number of shares equal to the
dividends paid between the date of grant and the date of exercise
on the number of shares which vested.
Number of shares sold to
Number of shares exercised cover tax liability Number of shares retained
2016 Performance Share Plan 55,197 25,943 29,254
--------------------------- ------------------------------ --------------------------
2. Purchase of shares
The Company advises that it has recently been brought to its
attention that there is a historic dividend reinvestment
instruction on Rob Hudson's dealing account. As a result, historic
transactions relating to a small number of shares by the relevant
director have not been notified as required by the Market Abuse
Regulations. The notifications are therefore now being made - this
relates to 1,858 shares purchased in aggregate by Rob Hudson as a
result of reinvestments of Company dividends.
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 ROB HUDSON
-------------------------------------------------------- -------------------------------------------------------
2. Reason for the Notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status PDMR - EXECUTIVE 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. MODWEN
instrument PROPERTIES PLC
Identification code GB0007291015
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction EXERCISE OF 2016 PERFORMANCE SHARE PLAN AWARD ("PSP")
GRANTED ON 22 FEBRUARY 2016 COMPRISING
NIL COST OPTIONS OVER 52,332 SHARES AND DIVID
EQUIVALENT NUMBER OF SHARES (2,865 SHARES).
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
NIL COST 55,197 shares
--------------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information:
- Aggregated volume N/A
- Aggregated price N/A
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2019-05-17
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction OUTSIDE A TRADING VENUE
-------------------------------------------------------- -------------------------------------------------------
a) Description of the Financial instrument, type of ORDINARY SHARES OF 10 PENCE EACH IN ST. MODWEN
instrument PROPERTIES PLC
Identification code GB0007291015
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction DISPOSAL OF SHARES FOLLOWING EXERCISE OF 2016
PERFORMANCE SHARE PLAN AWARD ("PSP") GRANTED
ON 22 FEBRUARY 2016 TO COVER TAX LIABILITY ARISING ON
EXERCISE
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP4.275 25,943
----------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information
* Aggregated volume N/A
N/A
* Aggregated price
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2019-05-17
-------------------------------------------------------- -------------------------------------------------------
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 PDMR - CHIEF FINANCIAL OFFICER
--------------------------------- ------------------------------------
b) Initial notification/amendment INITIAL NOTIFICATION
--------------------------------- ------------------------------------
3. Details of issuer
-----------------------------------------------------------------------
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 ORDINARY SHARES OF 10 PENCE EACH
financial instrument
Identification Code GB0007291015
--------------------------------- ------------------------------------
b) Nature of the transaction PURCHASE OF SHARES
--------------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
3.1737 GBP 99 SHARES
----------
--------------------------------- ------------------------------------
d) Aggregated information N/A
Aggregated volume price N/A
--------------------------------- ------------------------------------
e) Date of the transaction 2016-04-12
--------------------------------- ------------------------------------
f) Place of the transaction LONDON STOCK EXCHANGE, MAIN MARKET
--------------------------------- ------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name ROBERT HUDSON
--------------------------------- ------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------
a) Position / status PDMR - CHIEF FINANCIAL OFFICER
--------------------------------- ------------------------------------
b) Initial notification/amendment INITIAL NOTIFICATION
--------------------------------- ------------------------------------
3. Details of issuer
-----------------------------------------------------------------------
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 ORDINARY SHARES OF 10 PENCE EACH
financial instrument
Identification Code GB0007291015
--------------------------------- ------------------------------------
b) Nature of the transaction PURCHASE OF SHARES
--------------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
2.9268 GBP 54 SHARES
----------
--------------------------------- ------------------------------------
d) Aggregated information N/A
Aggregated volume price N/A
--------------------------------- ------------------------------------
e) Date of the transaction 2016-09-13
--------------------------------- ------------------------------------
f) Place of the transaction LONDON STOCK EXCHANGE, MAIN MARKET
--------------------------------- ------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name ROBERT HUDSON
--------------------------------- ------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------
a) Position / status PDMR - CHIEF FINANCIAL OFFICER
--------------------------------- ------------------------------------
b) Initial notification/amendment INITIAL NOTIFICATION
--------------------------------- ------------------------------------
3. Details of issuer
-----------------------------------------------------------------------
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 ORDINARY SHARES OF 10 PENCE EACH
financial instrument
Identification Code GB0007291015
--------------------------------- ------------------------------------
b) Nature of the transaction PURCHASE OF SHARES
--------------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
3.3715 GBP 100 SHARES
-----------
--------------------------------- ------------------------------------
d) Aggregated information N/A
Aggregated volume price N/A
--------------------------------- ------------------------------------
e) Date of the transaction 2017-04-12
--------------------------------- ------------------------------------
f) Place of the transaction LONDON STOCK EXCHANGE, MAIN MARKET
--------------------------------- ------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name ROBERT HUDSON
--------------------------------- ------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------
a) Position / status PDMR - CHIEF FINANCIAL OFFICER
--------------------------------- ------------------------------------
b) Initial notification/amendment INITIAL NOTIFICATION
--------------------------------- ------------------------------------
3. Details of issuer
-----------------------------------------------------------------------
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 ORDINARY SHARES OF 10 PENCE EACH
financial instrument
Identification Code GB0007291015
--------------------------------- ------------------------------------
b) Nature of the transaction PURCHASE OF SHARES
--------------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
3.678 GBP 150 SHARES
-----------
--------------------------------- ------------------------------------
d) Aggregated information N/A
Aggregated volume price N/A GBP
--------------------------------- ------------------------------------
e) Date of the transaction 2017-09-12
--------------------------------- ------------------------------------
f) Place of the transaction LONDON STOCK EXCHANGE, MAIN MARKET
--------------------------------- ------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name ROBERT HUDSON
--------------------------------- ------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------
a) Position / status PDMR - CHIEF FINANCIAL OFFICER
--------------------------------- ------------------------------------
b) Initial notification/amendment INITIAL NOTIFICATION
--------------------------------- ------------------------------------
3. Details of issuer
-----------------------------------------------------------------------
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 ORDINARY SHARES OF 10 PENCE EACH
financial instrument
Identification Code GB0007291015
--------------------------------- ------------------------------------
b) Nature of the transaction PURCHASE OF SHARES
--------------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
3.9295 GBP 832 SHARES
-----------
--------------------------------- ------------------------------------
d) Aggregated information N/A
Aggregated volume price N/A
--------------------------------- ------------------------------------
e) Date of the transaction 2018-04-11
--------------------------------- ------------------------------------
f) Place of the transaction LONDON STOCK EXCHANGE, MAIN MARKET
--------------------------------- ------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name ROBERT HUDSON
--------------------------------- ------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------
a) Position / status PDMR - CHIEF FINANCIAL OFFICER
--------------------------------- ------------------------------------
b) Initial notification/amendment INITIAL NOTIFICATION
--------------------------------- ------------------------------------
3. Details of issuer
-----------------------------------------------------------------------
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 ORDINARY SHARES OF 10 PENCE EACH
financial instrument
Identification Code GB0007291015
--------------------------------- ------------------------------------
b) Nature of the transaction PURCHASE OF SHARES
--------------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
3.8561 GBP 623 SHARES
-----------
--------------------------------- ------------------------------------
d) Aggregated information N/A
Aggregated volume price N/A
--------------------------------- ------------------------------------
e) Date of the transaction 2018-09-12
--------------------------------- ------------------------------------
f) Place of the transaction LONDON STOCK EXCHANGE, MAIN MARKET
--------------------------------- ------------------------------------
LEI: 213800WMV4WVES8TQH05
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END
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