Director/PDMR Shareholding

RNS Number : 0080I

LondonMetric Property PLC

24 August 2016

 

24 August 2016

LONDONMETRIC PROPERTY PLC

Director/PDMR Shareholding

LondonMetric Property Plc (the "Company") announces that 2,305,973 ordinary shares of 10 pence each in the Company ("Shares") that were granted to certain directors and various employees under the Company's Long Term Incentive Plan on 21 August 2013 have vested ("Vesting").

The Company also announces that 1,133,086 of the Shares arising from the Vesting were disposed of at 164.73 pence per Share on 23 August 2016 ("Disposals"). Disposals by the directors were undertaken in order to meet tax liabilities and other costs related to the Vesting.

Full details in respect of the directors are set out below.

	Shares vested	Shares disposed	Net increase in Shares held ("Net Shares")	Resultant beneficial holding	Resultant beneficial holding   (%)
Andrew Jones	977,156	460,646	516,510	2,897,922	0.5%
Valentine Beresford	529,038	249,397	279,641	2,498,400	0.4%
Mark Stirling	529,038	249,397	279,641	1,992,062	0.3%

In addition, LondonMetric has been notified that the directors have pledged the Net Shares in accordance with the Company's announcement on 14 June 2016.

Further details of the Long Term Incentive Plan can be found on Pages 88-90 of the Company's 2016 Annual Report and Accounts.

-Ends-

For further information, please contact:

LondonMetric Property Plc

Andrew Jones / Martin McGann

Tel: [phone]

 

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