Director/PDMR Shareholding

RNS Number : 8296B

LondonMetric Property PLC

21 June 2016

 

21 June 2016

LONDONMETRIC PROPERTY PLC

Director/PDMR Shareholding

LondonMetric Property Plc (the "Company") announces that 414,727 of the deferred shares that were granted on 19 June 2014 and 11 June 2015 under the Company's Deferred Bonus Plan have vested and that, in order to meet tax liabilities and other costs arising from the vesting of these shares, the Company's executive directors disposed of 195,514 ordinary shares of 10 pence each in the Company ("Shares") ("Transactions").

Further details of the Transactions are set out below:

	Shares vested	Shares sold	Increase in holding following the Transactions	Resultant beneficial holding (Shares)	Resultant beneficial holding   (%)
Andrew Jones	158,836	74,879	83,957	2,381,412	0.4%
Martin McGann	78,567	37,039	41,528	2,405,702	0.4%
Valentine Beresford	88,662	41,798	46,864	2,218,759	0.4%
Mark Stirling	88,662	41,798	46,864	1,712,421	0.3%

The Transactions occurred on 20 June 2016 and the Company was notified on the same day. The disposal price was 158.20 pence per Share.

Further details of the Deferred Bonus Plan can be found on Page 88 of the Company's 2016 Annual Report and Accounts.

LondonMetric was also notified on 20 June 2016 that Andrew Jones, Valentine Beresford and Mark Stirling have pledged the Shares arising from the Transactions in accordance with the Company's announcement on 14 June 2016.

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For further information, please contact:

LondonMetric Property Plc

Andrew Jones / Martin McGann

Tel: [phone]

FTI Consulting

Dido Laurimore / Tom Gough / Clare Glynn

Tel: [phone]    

Notes to editors:

LondonMetric (ticker: LMP) aims to deliver attractive returns for shareholders through a strategy of increasing income and improving capital values. It invests across the UK in retail led distribution, out of town and convenience retail properties. It employs an occupier-led approach to property with a focus on strong income, asset management initiatives and short cycle development. Its portfolio is broadly split between distribution and retail with a total of 12 million sq ft under management. LondonMetric works closely with retailers, logistics providers and leisure operators to help meet their evolving real estate requirements.  

Further information on LondonMetric is available at www.londonmetric.com

 

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