LondonMetric Property PLC PDMR/DIRECTOR DEALINGS (2482S)

TIDMLMP

RNS Number : 2482S

LondonMetric Property PLC

22 June 2018

22 June 2018

LONDONMETRIC PROPERTY PLC

PDMR/DIRECTOR DEALINGS

LondonMetric Property Plc ("Company") announces the vesting of previous share awards and part disposal by Directors of shares to meet associated tax liabilities arising from vesting.

In respect of prior year share awards, the following ordinary shares of 10 pence each ("Shares") have vested:

   --      2,017,875 Shares relating to grants under the Company's LTIP on 11 June 2015 

-- 574,242 Shares relating to grants under the Company's Deferred Bonus Plan on 11 June 2015, 8 June 2016 and 16 June 2017.

Details of vesting and disposals in respect of notifiable interests are set out below.

 
                           LTIP      Bonus Shares      Shares       Net increase     Resultant 
                          Shares       vested(3)     disposed(1)    in holding(2)    beneficial 
                         vested(3)                                                    holding 
 Andrew Jones            581,294       211,902        373,926         419,270        3,791,072 
                       -----------  -------------  -------------  ---------------  ------------ 
 Martin McGann           305,181       116,656        198,862         222,975        2,564,560 
                       -----------  -------------  -------------  ---------------  ------------ 
 Valentine Beresford     321,368       122,842        209,409         234,801        2,991,860 
                       -----------  -------------  -------------  ---------------  ------------ 
 Mark Stirling           321,368       122,842        209,409         234,801        2,485,522 
                       -----------  -------------  -------------  ---------------  ------------ 
 Andrew Smith             81,083             -         38,224          42,859          252,905 
                       -----------  -------------  -------------  ---------------  ------------ 
 
   1.     Shares were disposed on 21 June 2018 at a price of 187.63 pence per Share 

2. Shares that vested and were not disposed have been pledged by Andrew Jones, Valentine Beresford and Mark Stirling

   3.    Inclusive of entitlement to the fourth quarter dividend 

Further information on remuneration, the LTIP, the deferred bonus plan and pledging is contained in the Company's 2018 Annual Report.

For further information, please contact:

LondonMetric Property Plc

Andrew Jones / Martin McGann

Tel: [phone]

FTI Consulting

Dido Laurimore/Tom Gough/Richard Gotla

Tel: [phone]

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June 22, 2018 05:30 ET (09:30 GMT)