Urban&Civic plc Director/PDMR Shareholding (8646J)

TIDMUANC

RNS Number : 8646J

Urban&Civic plc

07 December 2018

7 December 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 7 December 2018:

 
 Name                                 Total Awards       Total Awards 
                                      granted on 7     outstanding on 
                                     December 2018    7 December 2018 
 Nigel Hugill, Chief Executive             443,359          1,455,260 
                                   ---------------  ----------------- 
 Robin Butler, Managing Director           443,359          1,495,254 
                                   ---------------  ----------------- 
 David Wood                                177,336            824,061 
                                   ---------------  ----------------- 
 

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 2018 to 30 September 2021:

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 6 December 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                                                       213800WL3TK2BJGFCY44 
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          443,359 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           443,359 
d)     Aggregated information                                     443,359 
        - Aggregated volume                                        nil 
        - Price 
e)     Date of the transaction                                   7 December 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                                                       213800WL3TK2BJGFCY44 
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          443,359 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           443,359 
d)     Aggregated information                                     443,359 
        - Aggregated volume                                        nil 
        - Price 
e)     Date of the transaction                                   7 December 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                                                       213800WL3TK2BJGFCY44 
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          177,336 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           177,336 
d)     Aggregated information                                     177,336 
        - Aggregated volume                                        nil 
        - Price 
e)     Date of the transaction                                   7 December 2018 
f)     Place of the transaction                                  London 
 

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December 07, 2018 09:50 ET (14:50 GMT)