Urban&Civic plc Director/PDMR Shareholding (4920E)

TIDMUANC

RNS Number : 4920E

Urban&Civic plc

09 February 2018

9 February 2018

Urban&Civic plc ("Urban&Civic" or "the Company")

Notification of Awards under the Urban&Civic plc Performance Share Plan

Urban&Civic plc announces the following grant of nil cost options ("Awards") over ordinary shares in the Company of 20 pence each ("Shares") to certain directors of the Company under the Company's Performance Share Plan ("PSP") on 8 February 2018:

 
 Name                             Total Awards     Total Awards 
                                    granted on      outstanding 
                                    8 February    on 8 February 
                                          2018             2018 
-------------------------------  -------------  --------------- 
 Nigel Hugill, Chief Executive         405,153        1,051,895 
-------------------------------  -------------  --------------- 
 Robin Butler, Managing 
  Director                             405,153        1,051,895 
-------------------------------  -------------  --------------- 
 David Wood                            254,629          646,725 
-------------------------------  -------------  --------------- 
 

Further details of the Awards are set out below.

Notes

1. The Awards will ordinarily vest following the third anniversary of the grant date, and are not able to be sold for a further two year period after vesting, making a five year period in total. The Awards only vest to the extent the following performance criteria are satisfied over the period from 1 October 2017 to 30 September 2020:

a. EPRA Net Asset Value performance (50% weighting) must increase by more than 5.0% per annum for 25% vesting and must increase by more than 12.0% per annum for 100% vesting.

b. Total Shareholder Return (50% weighting) must increase by more than 5.0% per annum for 25% vesting and must increase by more than 12.0% per annum for 100% vesting.

To the extent that the Awards vest, they will be exercisable from vesting until 7 February 2028, assuming the participant remains in the Company's employment;

   2.    No consideration is payable on the grant of the Awards; and 

3. The notification of these Awards is intended to satisfy the Company's obligations under DTR 3.1.

For further information please contact:

   Heather Williams                                              Tel. [phone] 

Urban&Civic plc

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulations, provide further detail:

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

(Disclosure in relation to award of share options)

 
1   Details of the person discharging managerial responsibilities / person closely associated 
    ------------------------------------------------------------------------------------------------------------------ 
a)     Name                                                     Nigel Hugill 
    --------------------------------------------------------  -------------------------------------------------------- 
2      Reason for the notification 
    ------------------------------------------------------------------------------------------------------------------ 
a)     Position/status                                           Director/PDMR 
    --------------------------------------------------------  -------------------------------------------------------- 
b)     Initial notification /Amendment                           Initial notification 
    --------------------------------------------------------  -------------------------------------------------------- 
3      Details of the issuer, emission allowance market participant, auction platform, auctioneer 
        or auction monitor 
    ------------------------------------------------------------------------------------------------------------------ 
a)     Name                                                      Urban & Civic Plc 
    --------------------------------------------------------  -------------------------------------------------------- 
b)     LEI                                                       N/A 
    --------------------------------------------------------  -------------------------------------------------------- 
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          405,153 options over ordinary shares of 20 pence each 
       instrument                                                in the capital of the Company 
       Identification code                                       ISIN: GB00BKT04W07 
    --------------------------------------------------------  -------------------------------------------------------- 
b)     Nature of the transaction                                 Award of options 
    --------------------------------------------------------  -------------------------------------------------------- 
c)     Price(s) and volume(s)                                        Price(s)      Volume(s) 
                                                                      nil           405,153 
    --------------------------------------------------------  -------------------------------------------------------- 
d)     Aggregated information                                     405,153 
        - Aggregated volume                                        nil 
        - Price 
    --------------------------------------------------------  -------------------------------------------------------- 
e)     Date of the transaction                                   8 February 2018 
    --------------------------------------------------------  -------------------------------------------------------- 
f)     Place of the transaction                                  London 
    --------------------------------------------------------  -------------------------------------------------------- 
 
 
1   Details of the person discharging managerial responsibilities / person closely associated 
    ------------------------------------------------------------------------------------------------------------------ 
a)     Name                                                     Robin Butler 
    --------------------------------------------------------  -------------------------------------------------------- 
2      Reason for the notification 
    ------------------------------------------------------------------------------------------------------------------ 
a)     Position/status                                           Director/PDMR 
    --------------------------------------------------------  -------------------------------------------------------- 
b)     Initial notification /Amendment                           Initial notification 
    --------------------------------------------------------  -------------------------------------------------------- 
3      Details of the issuer, emission allowance market participant, auction platform, auctioneer 
        or auction monitor 
    ------------------------------------------------------------------------------------------------------------------ 
a)     Name                                                      Urban & Civic Plc 
    --------------------------------------------------------  -------------------------------------------------------- 
b)     LEI                                                       N/A 
    --------------------------------------------------------  -------------------------------------------------------- 
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          405,153 options over ordinary shares of 20 pence each 
       instrument                                                in the capital of the Company 
       Identification code                                       ISIN: GB00BKT04W07 
    --------------------------------------------------------  -------------------------------------------------------- 
b)     Nature of the transaction                                 Award of options 
    --------------------------------------------------------  -------------------------------------------------------- 
c)     Price(s) and volume(s)                                        Price(s)      Volume(s) 
                                                                      nil           405,153 
    --------------------------------------------------------  -------------------------------------------------------- 
d)     Aggregated information                                     405,153 
        - Aggregated volume                                        nil 
        - Price 
    --------------------------------------------------------  -------------------------------------------------------- 
e)     Date of the transaction                                   8 February 2018 
    --------------------------------------------------------  -------------------------------------------------------- 
f)     Place of the transaction                                  London 
    --------------------------------------------------------  -------------------------------------------------------- 
 
 
1     Details of the person discharging managerial responsibilities / person closely associated 
    ------------------------------------------------------------------------------------------------------------------ 

a)     Name                                                     David Wood 
    --------------------------------------------------------  -------------------------------------------------------- 
2      Reason for the notification 
    ------------------------------------------------------------------------------------------------------------------ 
a)     Position/status                                           Director/PDMR 
    --------------------------------------------------------  -------------------------------------------------------- 
b)     Initial notification /Amendment                           Initial notification 
    --------------------------------------------------------  -------------------------------------------------------- 
3      Details of the issuer, emission allowance market participant, auction platform, auctioneer 
        or auction monitor 
    ------------------------------------------------------------------------------------------------------------------ 
a)     Name                                                      Urban & Civic Plc 
    --------------------------------------------------------  -------------------------------------------------------- 
b)     LEI                                                       N/A 
    --------------------------------------------------------  -------------------------------------------------------- 
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          254,629 options over ordinary shares of 20 pence each 
       instrument                                                in the capital of the Company 
       Identification code                                       ISIN: GB00BKT04W07 
    --------------------------------------------------------  -------------------------------------------------------- 
b)     Nature of the transaction                                 Award of options 
    --------------------------------------------------------  -------------------------------------------------------- 
c)     Price(s) and volume(s)                                        Price(s)      Volume(s) 
                                                                      nil           254,629 
    --------------------------------------------------------  -------------------------------------------------------- 
d)     Aggregated information                                     254,629 
        - Aggregated volume                                        nil 
        - Price 
    --------------------------------------------------------  -------------------------------------------------------- 
e)     Date of the transaction                                   8 February 2018 
    --------------------------------------------------------  -------------------------------------------------------- 
f)     Place of the transaction                                  London 
    --------------------------------------------------------  -------------------------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 09, 2018 10:05 ET (15:05 GMT)