Director Dealings

RNS Number : 6898Q

LondonMetric Property PLC

22 June 2020

 

22 June 2020

LONDONMETRIC PROPERTY PLC

PDMR/DIRECTOR DEALINGS

LondonMetric Property Plc ("Company") announces the granting of new share incentive awards, vesting of previous share awards and part disposals by Directors of shares to meet tax and other liabilities.

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

· 2,151,447 Shares relating to grants under the Company's 2017 Long Term Incentive Plan ("LTIP") vested on 19 June 2020

· 252,915 Shares relating to grants under the Company's Deferred Bonus Plan vested on 19 June 2020.

In respect of new share awards under the Company's LTIP for the financial year ended 31 March 2020, LondonMetric granted nil cost options over 1,914,457 shares on 17 June 2020.

Details of vestings, disposals and grants in respect of notifiable interests are set out below. 

	2017 LTIP Shares vested1	2017 Bonus Shares vested1	Shares disposed to satisfy tax and other liabilities2,3	Net increase in holding3	2020 LTIP  options granted4
Andrew Jones	619,067	92,659	335,518	376,208	515,069
Martin McGann	335,167	51,594	182,326	204,435	266,914
Valentine Beresford	352,942	54,331	191,995	215,278	275,855
Mark Stirling	352,942	54,331	291,995	125,278	275,855
Andrew Smith	118,570	-	55,896	62,674	147,433

1.  Inclusive of entitlement to the fourth quarter dividend

2.  Unless otherwise disclosed, shares were disposed on 19 June 2020 at an average price of 225.3 pence per Share

3.  In respect of Mark Stirling, he sold 100,000 Shares at a price of 226 pence and simultaneously bought 10,000 Shares at a price of 224 pence on 18 June 2020

4.  Vesting of Shares awarded under the 2020 LTIP is subject to total shareholder return, total accounting return and earnings performance conditions measured over a three year period

Beneficial holdings by relevant Directors and PDMRs as at 22 June 2020 are shown below.

	Holding of Shares
Andrew Jones	4,572,907
Martin McGann	2,989,487
Valentine Beresford	3,439,323
Mark Stirling	2,842,985
Andrew Smith	367,542

Further information on remuneration, the LTIP and the Deferred Bonus Plan will be contained in the Company's 2020 Annual Report which is expected to be published tomorrow.

For further information, please contact:

LondonMetric Property Plc

Andrew Jones / Martin McGann

Tel: [phone]

FTI Consulting

Dido Laurimore/ Richard Gotla

Tel: [phone]

 

END

 

 

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