GRANT OF SHARE INCENTIVE AWARDS

RNS Number : 7510A

LondonMetric Property PLC

09 June 2016

 

9 June 2016

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 2,222,345 ordinary shares under the Company's Long Term Incentive Plan ("LTIP").  The Company also announces that a total of 489,230 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 637,059 ordinary shares under the terms of the LTIP and 181,288 ordinary shares as part of the annual deferred share bonus.

·       Martin McGann (Finance Director) received a nil-cost option award over 344,909 ordinary shares under the terms of the LTIP and 99,142 ordinary shares as part of the annual deferred share bonus.

·       Valentine Beresford (Investment Director) received a nil-cost option award over 363,201 ordinary shares under the terms of the LTIP and 104,400 ordinary shares as part of the annual deferred share bonus.

·       Mark Stirling (Asset Director) received a nil-cost option award over 363,201 ordinary shares under the terms of the LTIP and 104,400 ordinary shares as part of the annual deferred share bonus.

·       Andrew Smith received a nil-cost option award over 111,077 ordinary shares under the terms of the LTIP.

The vesting of the LTIP Awards is subject to total shareholder return, total accounting 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 2017.

Further information in relation to remuneration, the Long Term Incentive Plan and the Deferred Bonus Plan will be available from the Company's 2016 Annual Report which is expected to be published on 15 June 2016.

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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]

About LondonMetric Property Plc

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. The portfolio is comprised of mainly distribution warehouses and retail parks with a total of 12 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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