Circle Property PLC Director/PDMR Shareholding and Issue of Equity (9726C)

TIDMCRC

RNS Number : 9726C

Circle Property PLC

14 October 2022

14 October 2022

Circle Property Plc

("Circle" or the "Company")

Director/PDMR Shareholding and Issue of Equity

Circle Property Plc (AIM: CRC), which invests in, develops and actively manages well-located regional office assets, announces that on 14 October 2022, John Arnold, Chief Executive Officer was issued 32,160 ordinary shares of no par value ("Ordinary Shares") in respect of the accrued dividend attributable to his LTIP shares detailed in the announcement dated 11 October 2022 and under the terms of the Circle Property plc 2016 Long Term Incentive Plan ("LTIP").

Application has been made for 32,160 Ordinary Shares to be admitted to trading on AIM ("Admission"). Admission is expected to occur on 20 October 2022 and the Ordinary Shares will, on issue, rank pari passu in all respects with the Company's existing Ordinary Shares.

On Admission, the Company will have a total of 29,215,555 Ordinary Shares in issue with no Ordinary Shares held in treasury. The figure of 29,215,555 may be used by the Company's shareholders as the denominator in the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure, Guidance and Transparency Rules.

Following Admission, Mr Arnold will beneficially hold 1,535,207 Ordinary Shares representing 5.25 per cent. of the Company's issued share capital.

 
                         [phone] 
 Circle Property Plc      8503 
 John Arnold, CEO 
  Edward Olins, COO 
 
 
                        [phone] 
 Cenkos Securities       8900 
 Katy Birkin 
  Mark Connelly 
 
 
                        [phone] 
 Radnor Capital          1830 
 Joshua Cryer 
  Iain Daly 
 
 
                        [phone] 
 Camarco                 4992 
 Ginny Pulbrook 
  Toby Strong 
 

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

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                        John Arnold 
      ------------------------------------------  ------------------------------------- 
 2     Reason for the notification 
      --------------------------------------------------------------------------------- 
 a)    Position/status                             Chief 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                                        Circle Property plc 
      ------------------------------------------  ------------------------------------- 
 b)    LEI                                         213800THDWL3FB11M760 
      ------------------------------------------  ------------------------------------- 
 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                Ordinary Shares of no par value 
        instrument, type of instrument 
      ------------------------------------------  ------------------------------------- 
       Identification code                         JE00BYP0CK63 
      ------------------------------------------  ------------------------------------- 
 b)    Nature of the transaction                   Ordinary Shares issued in respect 
                                                    of accrued dividend pursuant 
                                                    to the Circle Property plc 
                                                    2016 Long Term Incentive Plan 
      ------------------------------------------  ------------------------------------- 
 c)    Price(s) and volumes(s)                         Price(s)           Volume(s) 
      ------------------------------------------  ------------------  ----------------- 
                                GBP2.17                                     32,160 
  ------------------------------------------------------------------  ----------------- 
 d)    Aggregated information                      N/A single transaction 
      ------------------------------------------  ------------------------------------- 
  Aggregated volume                           N/A single transaction 
 ------------------------------------------  ------------------------------------------ 
  Price                                       N/A single transaction 
 ------------------------------------------  ------------------------------------------ 
 e)    Date of the transaction                     14 October 2022 
      ------------------------------------------  ------------------------------------- 
 f)    Place of the transaction                    XOFF 
      ------------------------------------------  ------------------------------------- 
 

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October 14, 2022 07:00 ET (11:00 GMT)