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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 |
TIDMSMP TIDMTTM
RNS Number : 8503H
St. Modwen Properties PLC
06 August 2021
Date of issue: 6 August 2021
LEI: 213800WMV4WVES8TQH05
St. Modwen Properties PLC
Notification and public disclosure of transactions by person discharging managerial responsibilities
St. Modwen Properties PLC (the "Company") announces t hat, on 4 August 2021, Sarwjit Sambhi, an executive director of the Company, exercised 81,353 nil cost options ("Options") over the Company's ordinary shares of GBP0.10 each ("Shares") under the St. Modwen Properties PLC 2017 Performance Share Plan ("PSP"). The Options vested in accordance with the terms of the PSP at 89.76% with time pro-rating applied at one-third upon the sanction by the High Court of Justice in England and Wales of the scheme of arrangement in connection with the recommended cash acquisition of the Company by Brighton Bidco Limited on 4 August 2021.
The number of Shares retained represents the vested Shares allocated to Sarwjit Sambhi following deductions for income tax and national insurance contributions due on exercise of the Options.
Number of Options Number of Shares sold to cover Number of Shares exercised income tax and national insurance retained due on exercise 81,353 38,305 43,048 ----------------------------------- -----------------
The following notifications are made in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation.
1. Details of the person discharging managerial responsibilities/person closely associated a) Name Sarwjit Sambhi ------------------------------- ------------------------------------------ 2. Reason for the notification --------------------------------------------------------------------------- a) Position / status PDMR - Chief Executive Officer ------------------------------- ------------------------------------------ b) Initial notification/amendment Initial notification ------------------------------- ------------------------------------------ 3. Details of issuer --------------------------------------------------------------------------- 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 Nil cost options over ordinary shares financial instrument of GBP0.10 each in St. Modwen Properties PLC Identification Code GB0007291015 ------------------------------- ------------------------------------------ b) Nature of the transaction Exercise of 81,353 nil cost options granted under the St. Modwen Properties PLC 2017 Performance Share Plan award on 26 April 2021. ------------------------------- ------------------------------------------ c) Price(s) and volume(s) Price(s) Volume(s) Nil cost 81,353 ---------- ------------------------------- ------------------------------------------ d) Aggregated information N/A * Aggregated volume * Aggregated price ------------------------------- ------------------------------------------ e) Date of the transaction 2021-08-04 ------------------------------- ------------------------------------------ f) Place of the transaction Outside a trading venue ------------------------------- ------------------------------------------ 1. Details of the person discharging managerial responsibilities/person closely associated a) Name Sarwjit Sambhi ------------------------------- ----------------------------------------- 2. Reason for the notification -------------------------------------------------------------------------- a) Position / status PDMR - Chief Executive Officer ------------------------------- ----------------------------------------- b) Initial notification/amendment Initial notification ------------------------------- ----------------------------------------- 3. Details of issuer -------------------------------------------------------------------------- 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 Ordinary shares of GBP0.10 each in financial instrument St. Modwen Properties PLC Identification Code GB0007291015 ------------------------------- ----------------------------------------- b) Nature of the transaction Disposal of 38,305 shares following exercise of nil cost options under the St. Modwen Properties PLC 2017 Performance Share Plan award granted on 26 April 2021 to cover tax liability arising on exercise. ------------------------------- ----------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) GBP5.59 per share 38,305 ---------- ------------------------------- ----------------------------------------- d) Aggregated information N/A * Aggregated volume * Aggregated price ------------------------------- ----------------------------------------- e) Date of the transaction 2021-08-04 ------------------------------- ----------------------------------------- f) Place of the transaction Outside a trading venue ------------------------------- -----------------------------------------
For further information, please contact:
St. Modwen Properties PLC www.stmodwen.co.uk Tom Gough, Head of Corporate Affairs 0121 222 9400
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(END) Dow Jones Newswires
August 06, 2021 04:30 ET (08:30 GMT)
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