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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| St.modwen Properties Plc | LSE:SMP | London | Ordinary Share | GB0007291015 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 559.00 | 559.00 | 560.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMSMP
RNS Number : 5035K
St. Modwen Properties PLC
07 July 2017
7(th) July 2017
St. Modwen Properties PLC
(the "Company")
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them (in accordance with the Market Abuse Regulations)
St. Modwen Properties PLC announces the following transactions:
1. 2017 Performance Share Plan Award
On 7(th) July 2017 awards under the St. Modwen Properties PLC 2017 Performance Share Plan, structured as nil-cost options over the Company's ordinary shares of 10p each, were granted to the executive directors noted below:
Director / PDMR Number of shares comprising award ----------------- ---------------------------------- Mark Allan 278,500 ----------------- ---------------------------------- Rob Hudson 115,785 ----------------- ----------------------------------
Vesting of the awards is subject to the achievement of relative TSR performance (assessed on a median to upper quartile ranking approach using a bespoke comparator group of real estate companies) and total accounting return (measuring growth in net asset value plus dividends), both measured independently over the three financial years ending on 30(th) November 2019. Further information on the performance targets can be found in the Directors' Remuneration Report in the Company's 2016 Annual Report available at www.stmodwen.co.uk. The awards are also subject to a compulsory two-year post-vesting holding period.
2. Vesting of Share Award Agreement
On 6(th) July 2017 Mark Allan exercised the following nil cost option tranches of an award granted to him on 2(nd) November 2016:
Tranche Number of shares exercised Number of shares sold to cover tax liability Number of shares retained --------- --------------------------- --------------------------------------------- -------------------------- One 138,511 65,101 73,410 --------- --------------------------- --------------------------------------------- -------------------------- Two 211,353 99,336 112,017 --------- --------------------------- --------------------------------------------- -------------------------- TOTAL 349,864 164,437 185,427 --------- --------------------------- --------------------------------------------- --------------------------
In accordance with the terms of the agreement both tranches have been exercised using existing shares held by the St. Modwen Employee Share Trust.
The notifications set out below relating to the above transactions are provided in accordance with the requirements of the EU Market Abuse Regulation.
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1. 2017 Performance Share Plan Award
1. Details of the person discharging managerial responsibilities / person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name Mark Allan
--- -------------------------------------------------------- -------------------------------------------------------
2. Reason for the Notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status Chief Executive
--- -------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
--- -------------------------------------------------------- -------------------------------------------------------
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------------------------------------------------------------
a) Name St. Modwen Properties PLC
--- -------------------------------------------------------- -------------------------------------------------------
b) LEI 213800WMV4WVES8TQH05
--- -------------------------------------------------------- -------------------------------------------------------
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 instrument, type of Ordinary shares of 10 pence each in St. Modwen
instrument Properties PLC
---
Identification code GB0007291015
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Nil cost option over 278,500 ordinary shares granted
under the St. Modwen Properties PLC 2017
Performance Share Plan. Vesting of award subject to
satisfaction of performance conditions
measured over a three-year period ending on 30(th)
November 2019. Award subject to a compulsory
two-year post-vesting holding period.
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) N/A
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information: N/A
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2017-07-07
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------------------------------------- -------------------------------------------------------
1. Details of the person discharging managerial responsibilities / person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name Robert Hudson
--- -------------------------------------------------------- -------------------------------------------------------
2. Reason for the Notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status Group Finance Director
--- -------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
--- -------------------------------------------------------- -------------------------------------------------------
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------------------------------------------------------------
a) Name St. Modwen Properties PLC
--- -------------------------------------------------------- -------------------------------------------------------
b) LEI 213800WMV4WVES8TQH05
--- -------------------------------------------------------- -------------------------------------------------------
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 instrument, type of Ordinary shares of 10 pence each in St. Modwen
instrument Properties PLC
---
Identification code GB0007291015
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Nil cost option over 115,785 ordinary shares granted
under the St. Modwen Properties PLC 2017
Performance Share Plan. Vesting of award subject to
satisfaction of performance conditions
measured over a three-year period ending on 30(th)
November 2019. Award subject to a compulsory
two-year post-vesting holding period.
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) N/A
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information: N/A
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2017-07-07
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------------------------------------- -------------------------------------------------------
2. Vesting of Share Award Agreement
5. Details of the person discharging managerial responsibilities / person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name Mark Allan
--- -------------------------------------------------------- -------------------------------------------------------
6. Reason for the Notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status Chief Executive
--- -------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
--- -------------------------------------------------------- -------------------------------------------------------
7. Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------------------------------------------------------------
a) Name St. Modwen Properties PLC
--- -------------------------------------------------------- -------------------------------------------------------
b) LEI 213800WMV4WVES8TQH05
--- -------------------------------------------------------- -------------------------------------------------------
8. 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 instrument, type of Ordinary shares of 10 pence each in St. Modwen
instrument Properties PLC
---
Identification code GB0007291015
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Exercise of tranches one and two of share award
granted on 2(nd) November 2016 comprising
nil cost options over 138,511 shares and 211,353
shares respectively
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ---------------
Nil cost 349,864 shares
--------- ---------------
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information:
- Aggregated volume N/A
- Aggregated price N/A
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2017-07-06
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------------------------------------- -------------------------------------------------------
a) Description of the Financial instrument, type of Ordinary shares of 10 pence each in St. Modwen
instrument Properties PLC
---
Identification code GB0007291015
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Disposal of shares following exercise of tranches one
and two of share award granted on 2(nd)
November 2016 to cover tax liability arising on
exercise
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
GBP3.671 164,437
---------- ----------
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information
* Aggregated volume N/A
N/A
* Aggregated price
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2017-07-06
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------------------------------------- -------------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHOKODNPBKDFOK
(END) Dow Jones Newswires
July 07, 2017 12:33 ET (16:33 GMT)
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