Director/PDMR Shareholding

RNS Number : 8646B

LondonMetric Property PLC

11 June 2019

 

11 June 2019

LONDONMETRIC PROPERTY PLC

PDMR/DIRECTOR DEALINGS

LondonMetric Property Plc ("Company") announces the vesting of previous share awards and part disposal by Directors of shares to meet associated tax liabilities arising from vesting.

In respect of prior year share awards, the following ordinary shares of 10 pence each ("Shares") have vested:

·      2,111,973 Shares relating to grants under the Company's LTIP on 8 June 2016

·      194,511 Shares relating to grants under the Company's Deferred Bonus Plan on 8 June 2016

Details of vesting and disposals in respect of notifiable interests are set out below. 

	LTIP Shares vested3	Bonus Shares vested3	Shares disposed1	Net increase in holding2	Resultant beneficial holding
Andrew Jones	612,552	72,077	322,745	361,884	4,152,956
Martin McGann	331,640	39,418	174,923	196,135	2,760,695
Valentine Beresford	349,228	41,508	184,200	206,536	3,198,396
Mark Stirling	349,228	41,508	184,200	206,536	2,692,058
Andrew Smith	106,804	-	50,349	56,455	309,360

1.     Shares were disposed on 10 June 2019 at an average price of 207.2 pence per Share

2.     Shares that vested and were not disposed have been pledged by Valentine Beresford and Mark Stirling 

3.     Inclusive of entitlement to the fourth quarter dividend

Further information on remuneration, the LTIP, the deferred bonus plan and pledging will be contained in the Company's 2019 Annual Report which is expected to be published later today.

For further information, please contact:

LondonMetric Property Plc

Andrew Jones / Martin McGann

Tel: [phone]

FTI Consulting

Dido Laurimore/ Richard Gotla

Tel: [phone]

 

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