Director/PDMR Shareholding

RNS Number : 1333B

LondonMetric Property PLC

14 June 2016

 

 14 June 2016

LONDONMETRIC PROPERTY PLC

Director/PDMR Shareholding

LondonMetric Property Plc ("LondonMetric" or "Company") was notified on 13 June 2016 that certain Directors had entered into individual personal loan arrangements ("Loans") with

J.P. Morgan International Bank Limited ("Bank") and granted pledges in favour of the Bank over ordinary shares of 10 pence each in the Company ("Shares") as security in connection with the Loans.  The Loans are for the purpose of repaying existing debt secured against various residential investment properties held personally.

Details are set out in the table below along with the Directors' beneficial interests which remain unchanged. In addition, certain of the Directors have agreed to pledge Shares that will shortly vest under existing deferred bonus and LTIP arrangements, and after the settlement of tax liabilities arising upon vesting.

Director	Number of Shares pledged	Holding of Shares	Holding as a percentage of issued ordinary share capital
Andrew Jones	1,952,455	2,297,455	0.37%
Martin McGann	2,341,585	2,364,174	0.38%
Valentine Beresford	1,758,018	2,171,895	0.35%
Mark Stirling	1,164,242	1,665,557	0.27%

LondonMetric also announces that it was notified on 13 June 2016 that Andrew Smith, PDMR, acquired 25,000 Shares at 158.95 pence per Share ("Transaction"). The Transaction occurred on 13 June 2016 and the total beneficial interest of Andrew Smith has increased to 63,500 Shares, which represents 0.01% of the issued ordinary share capital of the Company.

-Ends-

For further information, please contact:

LondonMetric Property Plc

Andrew Jones / Martin McGann

Tel: [phone]

 

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