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Countryside Props (CSP)

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Monday 21 December, 2020

Countryside Props

Director/PDMR Shareholding

RNS Number : 4164J
Countryside Properties PLC
21 December 2020
 

21 December 2020

 

 

Countryside Properties PLC (the "Company")

 

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs")

 

 

The Company has been notified of the vesting on 18 December 2020 of the following awards granted under the Countryside Properties PLC Deferred Bonus Plan ("DBP") by PDMRs.  The awards, in the form of a conditional share award over the ordinary shares of £0.01 of the Company ("Shares"), were granted on 18 December 2017 with no performance conditions applicable.  The number of vested DBP Shares include the additional Shares received on vesting based on the dividends paid during the period from the date of grant to the vesting date.

 

The Shares automatically vested on the date of vesting and the transactions as a consequence of the vesting are set out below.   

 

PDMR

Number of vested DBP Shares

Number of vested DBP Shares Sold ¹

Phillip Lyons

48,290

48,290

Iain McPherson

32,194

15,185²

 

1)  The Shares were sold on the London Stock Exchange at an average price of £4.3727 per share.

2)  Sufficient Shares were sold to cover tax liabilities and the balance was retained.

 

 

The Notification of Dealing Forms for each PDMR can be found below.

 

This notification is made in accordance with the requirements of the Market Abuse Regulation.

 

 

Enquiries

 

Gary Whitaker

Company Secretary

[email protected]

 

 

 

Notification of Dealing Form

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Phillip Lyons

2

Reason for the notification

a)

Position/Status

Divisional 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

Countryside Properties PLC

b)

LEI

213800J3U1EMU8XMB493

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


Transaction 1

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of £0.01 each

 

ISIN: GB00BYPHNG03

b)

Nature of the transaction

Vesting of a conditional award of ordinary shares under the Countryside Properties PLC Deferred Bonus Plan

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

£nil

48,290

d)

Aggregated information

 

Aggregated volume

 

Price

Aggregate Price

Aggregate Volume

Aggregate Total

Nil

48,290

Nil

e)

Date of the transaction

2020-12-18

f)

Place of the transaction

Outside of trading venue


Transaction 2

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of £0.01 each

 

ISIN: GB00BYPHNG03

b)

Nature of the transaction

Sale of shares on the aforesaid award under the Countryside Properties PLC Deferred Bonus Plan

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

£4.3727

48,290

d)

Aggregated information

 

Aggregated volume

 

Price

Aggregate Price

Aggregate Volume

Aggregate Total

N/A

N/A

N/A

e)

Date of the transaction

2020-12-18

f)

Place of the transaction

XLON

 

 

Notification of Dealing Form

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Iain McPherson

2

Reason for the notification

a)

Position/Status

Group 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

Countryside Properties PLC

b)

LEI

213800J3U1EMU8XMB493

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


Transaction 1

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of £0.01 each

 

ISIN: GB00BYPHNG03

b)

Nature of the transaction

Vesting of a conditional award of ordinary shares under the Countryside Properties PLC Deferred Bonus Plan

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

£Nil

32,194

d)

Aggregated information

 

Aggregated volume

 

Price

Aggregate Price

Aggregate Volume

Aggregate Total

Nil

32,194

Nil

e)

Date of the transaction

2020-12-18

f)

Place of the transaction

Outside of trading venue


Transaction 2

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of £0.01 each

 

ISIN: GB00BYPHNG03

b)

Nature of the transaction

Sale of shares sufficient to cover tax liabilities arising on the aforesaid award under the Countryside Properties PLC Deferred Bonus Plan

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

£4.3727

15,185

d)

Aggregated information

 

Aggregated volume

 

Price

Aggregate Price

Aggregate Volume

Aggregate Total

N/A

N/A

N/A

e)

Date of the transaction

2020-12-18

f)

Place of the transaction

XLON

 

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