Summit Germany Limited Director/PDMR Shareholding (0295P)

TIDMSMTG

RNS Number : 0295P

Summit Germany Limited

25 August 2017

Summit Germany Limited

("Summit" or the "Company")

Director/PDMR Shareholdings

25 August 2017

Summit, the AIM-listed German commercial property investment company, was today notified that on 24 August 2017, Itay Barlev and Amir Sagy (through a company controlled by him) purchased a total of 125,000 ordinary shares of nil par value ("Ordinary Shares") in the capital of the Company at a price of EUR1.07 per Ordinary Share. The consideration for these share purchases was satisfied by the Company pursuant to the settlement of a bonus and a share award respectively.

Following the transaction, Itay Barlev, Finance Director of the Company, is beneficially interested in 25,000 Ordinary Shares, representing approximately 0.005 per cent. of the Company's issued share capital.

Following the transaction, Amir Sagy, director of a subsidiary of the Company, is beneficially interested in 100,000 Ordinary Shares, representing approximately 0.021 per cent. of the Company's issued share capital.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1.    Details of the person discharging managerial 
        responsibilities / person closely associated 
----  ------------------------------------------------------------------------------------------ 
 a)    Name                        Itay Barlev                     Amir Sagy 
----  --------------------------  ------------------------------  ------------------------------ 
 2.    Reason for the Notification 
----  ------------------------------------------------------------------------------------------ 
 a)    Position/status             Finance Director                Director of a subsidiary 
                                                                    of the Company 
----  --------------------------  ------------------------------  ------------------------------ 
 b)    Initial                     Initial notification            Initial notification 
        notification/ 
        Amendment 
----  --------------------------  ------------------------------  ------------------------------ 
 3.    Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  ------------------------------------------------------------------------------------------ 
 a)    Name                        Summit Germany                  Summit Germany Limited 
                                    Limited 
----  --------------------------  ------------------------------  ------------------------------ 
 b)    LEI                         LEIN88968201612141054245932     LEIN88968201612141054245932 
----  --------------------------  ------------------------------  ------------------------------ 
 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                 Ordinary shares                 Ordinary shares of nil 
        of the                      of nil par value                par value 
        Financial 
        instrument, 
        type 
        of instrument 
---- 
       Identification              ISIN: GG00BJ4FZW09              ISIN: GG00BJ4FZW09 
        code 
----  --------------------------  ------------------------------  ------------------------------ 
 b)    Nature                      Purchase of ordinary            Purchase of ordinary 
        of the                      shares to satisfy               shares to satisfy share 
        transaction                 share awards under              awards under a Long 
                                    a Long Term Incentive           Term Incentive Plan 
                                    Plan of the Company             of the Company 
----  --------------------------  ------------------------------  ------------------------------ 
 c)    Price(s)                    Price            Volume         Price           Volume 
        and volume(s) 
----  --------------------------  ---------------  -------------  --------------  -------------- 
                                   EUR1.07          25,000         EUR1.07         100,000 
 -------------------------------  ---------------  -------------  --------------  -------------- 
 d)    Aggregated                  Single transaction              Single transaction as 
        information:                as in 4c) above                 in 4c) above 
         *    Aggregated volume     25,000                          100,000 
 
                                    EUR1.07                         EUR1.07 
         *    Price 
----  --------------------------  ------------------------------  ------------------------------ 
 e)    Date                        24 August 2017                  24 August 2017 
        of the 
        transaction 
----  --------------------------  ------------------------------  ------------------------------ 
 f)    Place                       London Stock Exchange,          London Stock Exchange, 
        of the                      AIM Market (XLON)               AIM Market (XLON) 
        transaction 
----  --------------------------  ------------------------------  ------------------------------ 
 

For further information please contact:

Summit Germany Limited Tel: [phone]

Zohar Levy - Managing Director

Itay Barlev (Braun) - Finance Director

Non-Executive Chairman Tel: [phone]

Harry Hyman

Carey Group, Company Secretary Tel: [phone]

Chris Le Page

   Liberum Capital Limited, Nominated Adviser and Joint Broker             Tel: [phone] 

Chris Clarke / Jill Li

Cenkos Securities, Joint Broker Tel: [phone]

Ivonne Cantu

Russell Kerr / Selwyn Jones (Broking)

This information is provided by RNS

The company news service from the London Stock Exchange

END

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August 25, 2017 07:00 ET (11:00 GMT)