ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

CRC Circle Property Plc

3.50
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Circle Property Plc LSE:CRC London Ordinary Share JE00BYP0CK63 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 3.50 3.00 4.00 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Circle Property PLC LTIP Grant of Options (3777C)

16/10/2020 3:03pm

UK Regulatory


Circle Property (LSE:CRC)
Historical Stock Chart


From Mar 2019 to Mar 2024

Click Here for more Circle Property Charts.

TIDMCRC

RNS Number : 3777C

Circle Property PLC

16 October 2020

16 October 2020

Circle Property Plc

("Circle" or the "Company")

LTIP Grant of Options

Circle Property Plc (AIM: CRC), which invests in, develops and actively manages well-located regional office assets, announces the following awards made under the Circle Property Plc 2016 Long Term Incentive Plan ("LTIP").

John Arnold, Chief Executive Officer and Edward Olins, Chief Operating Officer, have been granted 234,107 and 210,697 nil cost options to acquire ordinary shares of no par value in the capital of the Company (the "2020 LTIP Options"), respectively.

Under the terms of the LTIP, the quantum of the 2020 LTIP Options awarded was 200% of the equivalent salary of each executive director and the 2020 LTIP Options were granted at an award price of GBP1.84 (being the 30 day VWAP as at 31 March 2019).

The 2020 LTIP Options will vest at the end of a three-year period subject to targets which measure the performance of the group over that period such that (i) 50% of the award will vest by reference to total shareholder return measured by reference to members of a bespoke comparator group, and (ii) the remaining 50% of the award will vest by reference to the growth in the net asset value of the group (taking into account dividends paid during the relevant period).

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further details.

 
                         +44 (0)207 930 
 Circle Property Plc      8503 
 John Arnold, CEO 
  Edward Olins, COO 
 
 
                        +44 (0)207 397 
 Cenkos Securities       8900 
 Katy Birkin 
  Mark Connelly 
 
 
                        +44 (0)203 897 
 Radnor Capital          1830 
 Joshua Cryer 
  Iain Daly 
 
 
                        +44 (0)203 757 
 Camarco                 4992 
 Ginny Pulbrook 
  Oliver Head 
 

About Circle Property Plc

Circle is amongst the best performing quoted UK real estate companies by NAV total return (NAV growth and dividend) having delivered consistent returns with 101% NAV growth since IPO in 2016 in absolute terms.

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

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

 
 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                 Grant of options to acquire 
                                                  ordinary shares for the performance 
                                                  period commencing 1 April 2020 
                                                  under the LTIP 
      ----------------------------------------  ---------------------------------------- 
 c)    Price(s) and volumes(s)                   Price(s)             Volume(s) 
      ----------------------------------------  -------------------  ------------------- 
   GBP0.00                                                            234,107 
  -----------------------------------------------------------------  ------------------- 
 d)    Aggregated information                    N/A single transaction 
      ----------------------------------------  ---------------------------------------- 
  Aggregated volume                         N/A single transaction 
 ----------------------------------------  --------------------------------------------- 
  Price                                     N/A single transaction 
 ----------------------------------------  --------------------------------------------- 
 e)    Date of the transaction                   16 October 2020 
      ----------------------------------------  ---------------------------------------- 
 f)    Place of the transaction                  Outside a trading venue 
      ----------------------------------------  ---------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                      Edward Olins 
      ----------------------------------------  ---------------------------------------- 
 2     Reason for the notification 
      ---------------------------------------------------------------------------------- 
 a)    Position/status                           Chief Operating 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                 Grant of options to acquire 
                                                  ordinary shares for the performance 
                                                  period commencing 1 April 2020 
                                                  under the LTIP 
      ----------------------------------------  ---------------------------------------- 
 c)    Price(s) and volumes(s)                   Price(s)             Volume(s) 
      ----------------------------------------  -------------------  ------------------- 
   GBP0.00                                                            210,697 
  -----------------------------------------------------------------  ------------------- 
 d)    Aggregated information                    N/A single transaction 
      ----------------------------------------  ---------------------------------------- 
  Aggregated volume                         N/A single transaction 
 ----------------------------------------  --------------------------------------------- 
  Price                                     N/A single transaction 
 ----------------------------------------  --------------------------------------------- 
 e)    Date of the transaction                   16 October 2020 
      ----------------------------------------  ---------------------------------------- 
 f)    Place of the transaction                  Outside a trading venue 
      ----------------------------------------  ---------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHMFBITMTMBBBM

(END) Dow Jones Newswires

October 16, 2020 10:03 ET (14:03 GMT)

1 Year Circle Property Chart

1 Year Circle Property Chart

1 Month Circle Property Chart

1 Month Circle Property Chart

Your Recent History

Delayed Upgrade Clock