PDMR/DIRECTOR DEALINGS

RNS Number : 2482S

LondonMetric Property PLC

22 June 2018

 

22 June 2018

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:

·      2,017,875 Shares relating to grants under the Company's LTIP on 11 June 2015

·      574,242 Shares relating to grants under the Company's Deferred Bonus Plan on 11 June 2015, 8 June 2016 and 16 June 2017.

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	581,294	211,902	373,926	419,270	3,791,072
Martin McGann	305,181	116,656	198,862	222,975	2,564,560
Valentine Beresford	321,368	122,842	209,409	234,801	2,991,860
Mark Stirling	321,368	122,842	209,409	234,801	2,485,522
Andrew Smith	81,083	-	38,224	42,859	252,905

1.     Shares were disposed on 21 June 2018 at a price of 187.63 pence per Share

2.    Shares that vested and were not disposed have been pledged by Andrew Jones, 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 is contained in the Company's 2018 Annual Report.

For further information, please contact:

LondonMetric Property Plc

Andrew Jones / Martin McGann

Tel: [phone]

FTI Consulting

Dido Laurimore/Tom Gough/Richard Gotla

Tel: [phone]

 

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