Grant of Share Incentive Awards and PDMR Interests

RNS Number : 2328Q

LondonMetric Property PLC

15 June 2015

 

15 June 2015 

LONDONMETRIC PROPERTY PLC

GRANT OF SHARE INCENTIVE AWARDS AND DIRECTOR/PDMR INTERESTS

LondonMetric Property Plc (LSE: LMP), today announces that it has granted options over a total of 1,839,180 ordinary shares under the Company's Long Term Incentive Plan ("LTIP"). The Company also announces that a total of 464,709 ordinary shares have been granted to satisfy bonuses which are awarded by way of deferred shares.

The grants have been made to various employees including the following notifiable interests;

·     Andrew Jones (Chief Executive) received a nil-cost option award over 522,128 ordinary shares under the terms of the LTIP and 172,202 ordinary shares as part of the annual deferred share bonus.

·     Martin McGann (Finance Director) received a nil-cost option award over 274,118 ordinary shares under the terms of the LTIP and 94,172 ordinary shares as part of the annual deferred share bonus.

·     Valentine Beresford (Investment Director) received a nil-cost option award over 288,656 ordinary shares under the terms of the LTIP and 99,168 ordinary shares as part of the annual deferred share bonus.

·     Mark Stirling (Asset Management Director) received a nil-cost option award over 288,656 ordinary shares under the terms of the LTIP and 99,168 ordinary shares as part of the annual deferred share bonus.

The vesting of the LTIP Awards is subject to total shareholder return and earnings per share performance conditions measured over a performance period of three financial years, commencing with the current financial year ending 31 March 2016. Further details of the LTIP and the deferred share bonuses can be found in the 2015 Annual Report and Accounts on page 89.

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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 10.7 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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