St. Modwen Properties PLC Director/PDMR Shareholding (6384K)

TIDMSMP

RNS Number : 6384K

St. Modwen Properties PLC

11 April 2018

11(th) April 2018

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)

Vesting of Share Award Agreement

On 10(th) April 2018 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 
---------  ---------------------------  ---------------------------------------------  -------------------------- 
 Three                         105,708                                         49,683                      56,025 
---------  ---------------------------  ---------------------------------------------  -------------------------- 
 Four                          152,991                                         71,906                      81,085 
---------  ---------------------------  ---------------------------------------------  -------------------------- 
 TOTAL                         258,699                                        121,589                     137,110 
---------  ---------------------------  ---------------------------------------------  -------------------------- 
 

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.

 
 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                                 Exercise of tranches three and four of share award 
                                                                granted on 2(nd) November 2016 comprising 
                                                                nil cost options over 105,708 shares and 152,991 
                                                                shares respectively 
---  --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                      Price(s)   Volume(s) 
                                                                  ---------  --------------- 
                                                                   Nil cost   258,699 shares 
                                                                  ---------  --------------- 
---  --------------------------------------------------------  ------------------------------------------------------- 
 d)   Aggregated information: 
       - Aggregated volume                                        N/A 
       - Aggregated price                                         N/A 
---  --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   2018-04-10 
---  --------------------------------------------------------  ------------------------------------------------------- 
 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 
                                                                three and four 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) 
                                                                  ----------  ---------- 
                                                                   GBP3.942    121,589 
                                                                  ----------  ---------- 
---  --------------------------------------------------------  ------------------------------------------------------- 
 d)   Aggregated information 
        *    Aggregated volume                                    N/A 
                                                                  N/A 
 
        *    Aggregated price 
---  --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   2018-04-10 
---  --------------------------------------------------------  ------------------------------------------------------- 
 f)   Place of the transaction                                  Outside a trading venue 
---  --------------------------------------------------------  ------------------------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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April 11, 2018 12:15 ET (16:15 GMT)