Director/PDMR Shareholding

RNS Number : 9091R

Capital & Counties Properties Plc

03 March 2023

 

CAPITAL & COUNTIES PROPERTIES PLC (the "Company")

Notification of transactions of persons discharging managerial responsibilities and persons closely associated with them

Capital & Counties Properties PLC announces that on 2 March 2023, following the Court Sanction of the all-share merger of the Company and Shaftesbury PLC, the following awards of nil cost options made to the Executive Directors vested, at a price of £1.2450 per share. Each of the Executive Directors sold sufficient of the shares to cover income tax and national insurance liabilities that arose on vesting and retained the net shares in their own name.

Following these transactions, the Executive Directors had the following interests in shares in the Company, being a total of 3,671,689 ordinary shares, which represents 0.43% of the issued share capital of the Company.

	Number of nil-cost share option awards vested:	Shares sold to cover tax liabilities:	Resulting shareholding (including connected persons):
Ian Hawksworth	2,177,562	1,023,455	2,156,735
Situl Jobanputra	1,529,773	718,994	910,779
Michelle McGrath	1,064,483	500,308	604,175
Total:	4,771,818 nil-cost share option awards	2,242,757 ordinary shares	3,671,689 ordinary shares

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Ian Hawksworth
2	Reason for the notification
a)	Position/status:	PDMR- Chief Executive
b)	Initial notification /Amendment:	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Capital & Counties Properties PLC
b)	LEI	549300TTXXZ1SHUI0D54
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 25p each GB00B62G9D36
b)	Nature of the transaction	Acquisition of 1,154,107 ordinary shares following vesting of nil-cost options, and sale of sufficient ordinary shares to cover tax and NI liabilities. The number below represents the number of ordinary shares retained following the sales.
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £1.2450 per share	Volume(s) 1,154,107
e)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
f)	Date of the transaction	2023-03-02
g)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Situl Jobanputra
2	Reason for the notification
a)	Position/status:	PDMR- Chief Financial Officer
b)	Initial notification /Amendment:	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Capital & Counties Properties PLC
b)	LEI	549300TTXXZ1SHUI0D54
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 25p each GB00B62G9D36
b)	Nature of the transaction	Acquisition of 810,779 ordinary shares following vesting of nil-cost options, and sale of sufficient ordinary shares to cover tax and NI liabilities. The number below represents the number of ordinary shares retained following the sales.
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £1.2450 per share	Volume(s) 810,779
e)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
f)	Date of the transaction	2023-03-02
g)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Michelle McGrath
2	Reason for the notification
a)	Position/status:	PDMR- Executive Director
b)	Initial notification /Amendment:	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Capital & Counties Properties PLC
b)	LEI	549300TTXXZ1SHUI0D54
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 25p each GB00B62G9D36
b)	Nature of the transaction	Acquisition of 564,175 ordinary shares following vesting of nil-cost options, and sale of sufficient ordinary shares to cover tax and NI liabilities. The number below represents the number of ordinary shares retained following the sales.
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £1.2450 per share	Volume(s) 564,175
e)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
f)	Date of the transaction	2023-03-02
g)	Place of the transaction	London Stock Exchange (XLON)

This announcement is made in accordance with the requirements of the UK Market Abuse Regulation ("UK MAR") and the Company confirms that the PDMR's notification obligations under UK MAR have also been satisfied.

Name of officer of issuer responsible for making notification: Ruth Pavey

Date of Notification: 3 March 2023

Ruth Pavey

Company Secretary

020 3214 9170

3 March 2023

 

END

 

 

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