St. Modwen Properties PLC Director/PDMR Shareholding (6820L)

TIDMSMP

RNS Number : 6820L

St. Modwen Properties PLC

04 October 2016

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

St. Modwen Properties PLC (the "Company") has been notified that, on 3(rd) October 2016, Steve Burke, Group Construction Director, exercised options granted under the St. Modwen Properties PLC 2011 Saving Related Share Option Scheme to purchase 9,887 ordinary shares of 10 pence each in the Company at a price of 156.00 pence per share. These shares were subsequently sold at a price of 298.40 pence per share. Consequently the number of ordinary shares held beneficially by Steve Burke and those persons closely associated with him remains unchanged at 526,615 shares.

The notification set out below is 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                             STEPHEN BURKE 
---  -------------------------------  ------------------------------- 
 2.   Reason for the notification 
---  ---------------------------------------------------------------- 
 a)   Position / status                PDMR - GROUP CONSTRUCTION 
                                        DIRECTOR 
---  -------------------------------  ------------------------------- 
 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                   EXERCISE OF OPTIONS TO ACQUIRE 
       the financial                    ORDINARY SHARES OF 10 PENCE 
       instrument                       EACH UNDER THE SAVING RELATED 
                                        SHARE OPTION SCHEME ("2011 
                                        SAYE OPTIONS") 
       Identification 
       Code                             GB0007291015 
---  -------------------------------  ------------------------------- 
 b)   Nature of the                    EXERCISE OF 2011 SAYE OPTIONS 
       transaction 
---  -------------------------------  ------------------------------- 
 c)   Price(s) and volume(s)             Price(s)   Volume(s) 
                                         ---------  ------------- 
                                          GBP1.56    9,887 SHARES 
                                         ---------  ------------- 
---  -------------------------------  ------------------------------- 
 d)   Aggregated information           N/A 
        *    Aggregated volume 
 
 
 
        *    Aggregated price 
---  -------------------------------  ------------------------------- 
 e)   Date of the transaction          2016-10-03 
---  -------------------------------  ------------------------------- 
 f)   Place of the transaction         OUTSIDE A TRADING VENUE 
---  -------------------------------  ------------------------------- 
 a)   Description of                   ORDINARY SHARES OF 10 PENCE 
       the financial                    EACH 
       instrument                       GB0007291015 
       Identification 
       Code 
---  -------------------------------  ------------------------------- 
 b)   Nature of the                    DISPOSAL OF SHARES FOLLOWING 
       transaction                      EXERCISE OF 2011 SAYE OPTIONS 
---  -------------------------------  ------------------------------- 
 c)   Price(s) and volume(s)             Price(s)   Volume(s) 
                                         ---------  ------------- 
                                          GBP2.984   9,887 SHARES 
                                         ---------  ------------- 
---  -------------------------------  ------------------------------- 
 d)   Aggregated information           N/A 
        *    Aggregated volume 
 
 
 
        *    Aggregated price 
---  -------------------------------  ------------------------------- 
 e)   Date of the transaction          2016-10-03 
---  -------------------------------  ------------------------------- 
 f)   Place of the transaction         OUTSIDE A TRADING VENUE 
---  -------------------------------  ------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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October 04, 2016 10:53 ET (14:53 GMT)