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Urban&Civic Plc (UANC)

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Thursday 06 December, 2018

Urban&Civic Plc

Director/PDMR Shareholding

RNS Number : 7103J
Urban&Civic plc
06 December 2018
 

 

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

6 December 2018

Urban&Civic plc

Nigel Hugill on 5 December exercised outstanding entitlements over 75,000 shares under the Company's Deferred Share Bonus Plan and Performance Share Plan, on which he will settle the related option price and tax withholding obligation in cash.  He intends to retain these shares.

The following ordinary shares of 20 pence in Urban&Civic plc will be delivered to him to satisfy the exercise of:

A)   the 2015 deferred annual bonus award ("Deferred Bonus Award"); and

B)    partial exercise of the award granted under the Company's Performance Share Plan in September 2014 ("PSP Award").

PDMR

A

No. of shares delivered under the Deferred Bonus Award

B

No. of shares delivered under the PSP Award

Total

Nigel Hugill

35,006

39,994

75,000

A)   50% of the annual bonus payable to the PDMR for the year ended 30 September 2015 was deferred for a vesting period of two years (which ended on the second anniversary of the fourth dealing day after the announcement of results in November 2017), subject to continued employment. Further details of this deferred bonus will be included in the next Directors' Remuneration Report.

B)    The PSP award granted in September 2014 vested at 28.7% in December 2017.

The awards will be settled by a transfer of shares from the Company's employee benefit trust to the PDMR above. 

Details of the full notifications received by the Company are set out below.

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Nigel Hugill

2

Reason for Notification

a)

Position/status

Chief Executive

b)

Initial notification/Amendment

Initial Announcement

3

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

a)

Name

Urban&Civic plc

b)

LEI

213800WL3TK2BJGFCY44

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 20 pence each in Urban&Civic plc

Identification code

GB00BKT04W07

b)

Nature of the transaction

Acquisition of shares in settlement of the exercise of the 2015 deferred annual bonus award¹ and partial exercise of the 2014 PSP award².

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£nil

35,006¹

£0.20

39,994²

d)

Aggregated information

-     Aggregated volume

 

-     Price

 

75,000

£7998.80

e)

Date of the transaction

5 December 2018

f)

Place of the transaction

Outside a trading venue

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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