Circle Property PLC Director/PDMR Shareholding (5152X)

TIDMCRC

RNS Number : 5152X

Circle Property PLC

04 May 2021

4 May 2021

Circle Property Plc

("Circle" or the "Company")

Director/PDMR Shareholding

Circle Property Plc (AIM: CRC), which invests in, develops and actively manages well-located regional office assets, announces that it has been notified that John Arnold, Chief Executive Officer, has today acquired 25,000 ordinary shares of no par value in the Company ("Ordinary Shares") at 200 pence per Ordinary Share.

Following this purchase, Mr Arnold beneficially holds 1,030,122 Ordinary Shares representing 3.64 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 
  Oliver Head 
 

About Circle Property Plc

Circle is the top performing quoted UK real estate company by NAV total return (NAV growth and dividend) over the last 3 years.

Circle focusses on acquiring assets in regional cities, many of which have significant office supply constraints, and on office assets with active management potential (refurbishment opportunities, under-rented or vacant properties or short leases), rather than just maximising initial rental yields.

Circle is not a Real Estate Investment Trust (REIT) and can actively recycle proceeds from asset sales into its refurbishment and redevelopment pipeline, as well as future investment opportunities, therefore targeting a broader range of returns for shareholders, which are primarily driven by NAV growth.

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                 Purchase of Ordinary Shares 
      ----------------------------------------  ----------------------------------- 
 c)    Price(s) and volumes(s)                       Price(s)          Volume(s) 
      ----------------------------------------  -----------------  ---------------- 
                              GBP2.00                                   25,000 
  ---------------------------------------------------------------  ---------------- 
 d)    Aggregated information                    N/A single transaction 
      ----------------------------------------  ----------------------------------- 
  Aggregated volume                         N/A single transaction 
 ----------------------------------------  ---------------------------------------- 
  Price                                     N/A single transaction 
 ----------------------------------------  ---------------------------------------- 
 e)    Date of the transaction                   4 May 2021 
      ----------------------------------------  ----------------------------------- 
 f)    Place of the transaction                  XOFF 
      ----------------------------------------  ----------------------------------- 
 

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May 04, 2021 11:00 ET (15:00 GMT)