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St. Modwen Props (SMP)

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Wednesday 15 May, 2019

St. Modwen Props

Director/PDMR Shareholding

RNS Number : 1598Z
St. Modwen Properties PLC
15 May 2019
 

15 May 2019

St. Modwen Properties PLC

(the "Company")

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them (in accordance with the Market Abuse Regulations)

St. Modwen Properties PLC announces the following transactions:

1.    Vesting of Share Award Agreement

 

On 13 May 2019 Mark Allan exercised the following nil cost option final tranche of an award granted to him on 2 November 2016:

 

Tranche

Number of shares exercised

Number of shares sold to cover tax liability

Number of shares retained

Five

76,518

35,964

40,554

In accordance with the terms of the agreement the tranche has been exercised using existing shares held by the St. Modwen Employee Share Trust.

2.    Purchase of Shares

On 13 May 2019 Mark Allan purchased 36,178 shares in the Company at £4.125.

 

The notifications set out below relating to the above transactions are provided in accordance with the requirements of the EU Market Abuse Regulation.

1.   

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

MARK ALLAN

2.   

Reason for the Notification

a)

Position/status

PDMR - EXECUTIVE OFFICER

b)

Initial notification/Amendment

INITIAL NOTIFICATION

3.   

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

ST. MODWEN PROPERTIES PLC

b)

LEI

213800WMV4WVES8TQH05

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

ORDINARY SHARES OF 10 PENCE EACH IN ST. MODWEN PROPERTIES PLC

Identification code

GB0007291015

b)

Nature of the transaction

EXERCISE OF TRANCHE FIVE OF THE SHARE AWARD GRANTED ON 2 NOVEMBER 2016 COMPRISING NIL COST OPTIONS OVER 76,518 SHARES.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

NIL COST

76,518 shares

d)

Aggregated information:

-              Aggregated   volume

-              Aggregated price

 

N/A

N/A

e)

Date of the transaction

2019-05-13

f)

Place of the transaction

OUTSIDE A TRADING VENUE

a)

Description of the Financial instrument, type of instrument

ORDINARY SHARES OF 10 PENCE EACH IN ST. MODWEN PROPERTIES PLC

Identification code

GB0007291015

b)

Nature of the transaction

DISPOSAL OF SHARES FOLLOWING EXERCISE OF TRANCHE FIVE OF SHARE AWARD GRANTED ON 2 NOVEMBER 2016 TO COVER TAX LIABILITY ARISING ON EXERCISE

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£4.18

35,964

d)

Aggregated information

-    Aggregated volume

-    Aggregated price

 

N/A

N/A

e)

Date of the transaction

2019-05-13

f)

Place of the transaction

OUTSIDE A TRADING VENUE

 

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

MARK ALLAN

2.

Reason for the notification

a)

Position / status

PDMR - EXECUTIVE OFFICER

b)

Initial notification/amendment

INITIAL NOTIFICATION

3.

Details of issuer

a)

Name

ST. MODWEN PROPERTIES PLC

b)

LEI

213800WMV4WVES8TQH05

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

Identification Code

ORDINARY SHARES OF 10 PENCE EACH IN ST. MODWEN PROPERTIES PLC

 

GB0007291015

b)

Nature of the transaction

PURCHASE OF SHARES

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

4.125 GBP

36,178 SHARES

d)

Aggregated information

 

Aggregated volume price

n/a

 

n/a

e)

Date of the transaction

2019-05-13

f)

Place of the transaction

LONDON STOCK EXCHANGE, MAIN MARKET

 

LEI: 213800WMV4WVES8TQH05

 


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