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UANC Urban&civic Plc

344.50
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Urban&civic Plc LSE:UANC London Ordinary Share GB00BKT04W07 ORD 20P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 344.50 344.50 345.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Urban&Civic plc Director/PDMR Shareholding (2513R)

07/12/2016 5:16pm

UK Regulatory


Urban&civic (LSE:UANC)
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TIDMUANC

RNS Number : 2513R

Urban&Civic plc

07 December 2016

Urban&Civic plc ("Urban&Civic" or "the Company")

Notification of Awards under the Urban&Civic plc Performance Share Plan

Urban&Civic plc announces the following grant of nil cost options ("Awards") over ordinary shares in the Company of 20 pence each ("Shares") to certain directors of the Company under the Company's Performance Share Plan ("PSP") on 7 December 2016:

 
 Name                             Total Awards     Total Awards 
                                    granted on      outstanding 
                                    7 December    on 7 December 
                                          2016             2016 
-------------------------------  -------------  --------------- 
 Nigel Hugill, Chief Executive         387,302          890,747 
-------------------------------  -------------  --------------- 
 Robin Butler, Managing 
  Director                             387,302          890,747 
-------------------------------  -------------  --------------- 
 David Wood                            224,664          449,136 
-------------------------------  -------------  --------------- 
 

Further details of the Awards are set out below.

Notes

1. The Awards will ordinarily vest following the third anniversary of the grant date, and are not able to be sold for a further two year period after vesting, making a five year period in total. The Awards only vest to the extent the following performance criteria are satisfied over the period from 1 October 2016 to 30 September 2019:

a. EPRA Net Asset Value performance (50% weighting) must increase by more than 3.0% per annum above RPI for 25% vesting and must increase by more than 12.5% per annum above RPI for 100% vesting.

b. Total Shareholder Return (50% weighting) must be equal to the median performance in the FTSE 350 Real Estate Index for 25% vesting and be in the top quartile of the FTSE 350 Real Estate Index for 100% vesting.

To the extent that the Awards vest, they will be exercisable from vesting until 6 December 2026, assuming the participant remains in the Company's employment;

   2.    No consideration is payable on the grant of the Awards; and 

3. The notification of these Awards is intended to satisfy the Company's obligations under DTR 3.1.

For further information please contact:

   Nigel Hugill/David Wood                                              Tel. 020 7509 5555 

Urban&Civic plc

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulations, provide further detail:

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

(Disclosure in relation to award of share options)

 
  1   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ---------------------------------------------------------- 
 a)   Name                      Nigel Hugill 
---  ------------------------  -------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------- 
 a)   Position/status           Director/PDMR 
---  ------------------------  -------------------------------- 
 b)   Initial notification      Initial notification 
       /Amendment 
---  ------------------------  -------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ---------------------------------------------------------- 
 a)   Name                      Urban & Civic Plc 
---  ------------------------  -------------------------------- 
 b)   LEI                       N/A 
---  ------------------------  -------------------------------- 
 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            387,302 options over ordinary 
       the financial             shares of 20 pence each in the 
       instrument, type          capital of the Company 
       of instrument             ISIN: GB00BKT04W07 
       Identification 
       code 
---  ------------------------  -------------------------------- 
 b)   Nature of the             Award of options 
       transaction 
---  ------------------------  -------------------------------- 
 c)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                  ----------  ---------- 
                                   nil         387,302 
                                  ----------  ---------- 
---  ------------------------  -------------------------------- 
 d)   Aggregated information 
       - Aggregated               387,302 
       volume                     nil 
       - Price 
---  ------------------------  -------------------------------- 
 e)   Date of the transaction   7 December 2016 
---  ------------------------  -------------------------------- 
 f)   Place of the              London 
       transaction 
---  ------------------------  -------------------------------- 
 
 
  1   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ---------------------------------------------------------- 
 a)   Name                      Robin Butler 
---  ------------------------  -------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------- 
 a)   Position/status           Director/PDMR 
---  ------------------------  -------------------------------- 
 b)   Initial notification      Initial notification 
       /Amendment 
---  ------------------------  -------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ---------------------------------------------------------- 
 a)   Name                      Urban & Civic Plc 
---  ------------------------  -------------------------------- 
 b)   LEI                       N/A 
---  ------------------------  -------------------------------- 
 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            387,302 options over ordinary 
       the financial             shares of 20 pence each in the 
       instrument, type          capital of the Company 
       of instrument             ISIN: GB00BKT04W07 
       Identification 
       code 
---  ------------------------  -------------------------------- 
 b)   Nature of the             Award of options 
       transaction 
---  ------------------------  -------------------------------- 
 c)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                  ----------  ---------- 
                                   nil         387,302 
                                  ----------  ---------- 
---  ------------------------  -------------------------------- 
 d)   Aggregated information 
       - Aggregated               387,302 
       volume                     nil 
       - Price 
---  ------------------------  -------------------------------- 
 e)   Date of the transaction   7 December 2016 
---  ------------------------  -------------------------------- 
 f)   Place of the              London 
       transaction 
---  ------------------------  -------------------------------- 
 
 
  1   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ---------------------------------------------------------- 
 a)   Name                      David Wood 
---  ------------------------  -------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------- 
 a)   Position/status           Director/PDMR 
---  ------------------------  -------------------------------- 
 b)   Initial notification      Initial notification 
       /Amendment 
---  ------------------------  -------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ---------------------------------------------------------- 
 a)   Name                      Urban & Civic Plc 
---  ------------------------  -------------------------------- 
 b)   LEI                       N/A 
---  ------------------------  -------------------------------- 
 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            224,664 options over ordinary 
       the financial             shares of 20 pence each in the 
       instrument, type          capital of the Company 
       of instrument             ISIN: GB00BKT04W07 
       Identification 
       code 
---  ------------------------  -------------------------------- 
 b)   Nature of the             Award of options 
       transaction 
---  ------------------------  -------------------------------- 
 c)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                  ----------  ---------- 
                                   nil         224,664 
                                  ----------  ---------- 
---  ------------------------  -------------------------------- 
 d)   Aggregated information 
       - Aggregated               224,664 
       volume                     nil 
       - Price 
---  ------------------------  -------------------------------- 
 e)   Date of the transaction   7 December 2016 
---  ------------------------  -------------------------------- 
 f)   Place of the              London 
       transaction 
---  ------------------------  -------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHUBABRNOAURAA

(END) Dow Jones Newswires

December 07, 2016 12:16 ET (17:16 GMT)

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