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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 |
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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