Director/PDMR Shareholding

RNS Number : 4854L

Circle Property PLC

13 May 2022

 

13 May 2022

Circle Property Plc

("Circle" or the "Company")

Director/PDMR Shareholding

Circle Property Plc (AIM: CRC), which invests in, develops and actively manages well-located regional office assets, announces that it has been notified that John Arnold, Chief Executive Officer, has today acquired 6,276 ordinary shares of no par value in the Company ("Ordinary Shares") at 239 pence per Ordinary Share. Simultaneously, Edward Olins, Chief Operating Officer, today sold 6,276 Ordinary Shares at 239 pence per Ordinary Share.

Following these transactions, Mr Arnold beneficially holds 1,036,398 Ordinary Shares and Mr Olins beneficially holds 132,657 Ordinary Shares representing 3.66 per cent. and 0.47 per cent. of the Company's issued share capital, respectively.

Circle Property Plc	[phone]
John Arnold, CEO Edward Olins, COO
Cenkos Securities	[phone]
Katy Birkin  Mark Connelly
Radnor Capital	[phone]
Joshua Cryer Iain Daly
Camarco	[phone]
Ginny Pulbrook Toby Strong

About Circle Property Plc

Circle is the top performing quoted UK real estate company by NAV total return (NAV growth and dividend) over the last 3 years. 

Circle focusses on acquiring assets in regional cities, many of which have significant office supply constraints, and on office assets with active management potential (refurbishment opportunities, under-rented or vacant properties or short leases), rather than just maximising initial rental yields.

Circle is not a Real Estate Investment Trust (REIT) and can actively recycle proceeds from asset sales into its refurbishment and redevelopment pipeline, as well as future investment opportunities, therefore targeting a broader range of returns for shareholders, which are primarily driven by NAV growth.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	John Arnold
2	Reason for the notification
a)	Position/status	Chief 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	Circle Property plc
b)	LEI	213800THDWL3FB11M760
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 instrument	Ordinary Shares of no par value
	Identification code	JE00BYP0CK63
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volumes(s)	Price(s)	Volume(s)
		£2.39	6,276
d)	Aggregated information	N/A single transaction
	Aggregated volume	N/A single transaction
	Price	N/A single transaction
e)	Date of the transaction	13 May 2022
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Edward Olins
2	Reason for the notification
a)	Position/status	Chief Operating Officer
b)	Initial notification/Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Circle Property plc
b)	LEI	213800THDWL3FB11M760
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 instrument	Ordinary Shares of no par value
	Identification code	JE00BYP0CK63
b)	Nature of the transaction	Sale of Ordinary Shares
c)	Price(s) and volumes(s)	Price(s)	Volume(s)
		£2.39	6,276
d)	Aggregated information	N/A single transaction
	Aggregated volume	N/A single transaction
	Price	N/A single transaction
e)	Date of the transaction	13 May 2022
f)	Place of the transaction	London Stock Exchange (XLON)

 

END

 

 

DSHLXLFFLELLBBF