ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

YEW Yew Grove Reit Plc

1.00
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Yew Grove Reit Plc LSE:YEW London Ordinary Share IE00BDT5KP12 ORD SHS EUR0.01 (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.00 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Yew Grove REIT PLC Director/PDMR Shareholding (2404Q)

15/02/2019 11:30am

UK Regulatory


Yew Grove Reit (LSE:YEW)
Historical Stock Chart


From Mar 2019 to Mar 2024

Click Here for more Yew Grove Reit Charts.

TIDMYEW

RNS Number : 2404Q

Yew Grove REIT PLC

15 February 2019

15 February 2019

Yew Grove REIT plc

(the "Company" or, together with its subsidiaries, the "Group")

LTIP Option Awards / PDMR Notification

The Board of Yew Grove REIT plc (ticker: Yew) (the "Board") announces that on 15 February 2019, the Company granted Jonathan Laredo, the Company's Chief Executive Officer, Michael Gibbons the Company's Chief Investment Officer and Charles Peach, the Company's Chief Financial Officer, (together the "Executives") options at 1 cent per share over a total of 1,125,000 ordinary shares of EUR0.01 each in the Company ("Ordinary Shares") pursuant to the Company Long Term Incentive Plan (the "LTIP") pursuant to the 2019 financial year.

This is the first grant under the Company LTIP scheme since its Admission to trading on the London and Irish stock Exchanges and is made on the terms disclosed to investors at the time of Admission. The grant is equally divided between each of the Executive Directors so that each one of the Executive Directors is entitled to 375,000 Ordinary Shares subject to the satisfaction of the performance conditions described below.

The LTIP is subject to performance conditions under which 1/3 of the grant relates to a total return (defined as the annualised share price assuming the reinvestment of dividends) and where 30% of the award vests if the total return is at least 10% with 100% vesting at an annualised return of 15% and above. The return will be measured over the three years ending 31(st) December 2021. 1/3 of the grant is measured by reference to the Company Net Asset Value per share at 31(st) December 2021 with a 30% grant at 110 cents and a 100% grant at 120 cents. The final 1/3 vests on the dividend per share paid in respect of the year ended 31(st) December 2021 with 30% vesting at 6.0 cents per share and 100% at 7.5 cents and above. In each case the amount of the grant increases at a pre-determined pro-rata basis between 30% at the minimum level up to 100% at the maximum level.

The total number of Ordinary Shares over which options were granted on 12 February 2019 represents approximately 1.5 per cent. of the Company's issued share capital.

Enquiries:

 
 Yew Grove REIT plc                        Tel: 353 (1) 480 3960 
 Jonathan Laredo, Chief Executive 
  Officer 
 Michael Gibbons, Chief Investment 
  Officer 
 Charles Peach, Chief Financial 
  Officer 
 
 Investec Bank plc 
 NOMAD & Joint Broker:                     Tel: +44 (0) 20 7597 
  David Anderson, Darren Vickers            5970 
 ESM Advisor & Joint Broker:               Tel: +353 (1) 421 
  Tommy Conway, Eoin Kennedy                0000 
 Goodbody Stockbrokers 
 Joint Broker:                             Tel +353 (1) 667 0400 
  David Kearney, Joe Gill 
 
 Hume Brophy                           Tel: + 353 (1) 662 
                                        4712 
 Media Enquiries                       yewgrove@humebrophy.com 
 Edel Bach, Karin O'Conor 
 
 
 

Notes to editors:

Yew Grove REIT is an Irish commercial real estate company invested in a diversified portfolio of Irish commercial property, with a particular focus on well-tenanted commercial real estate assets comprising office and industrial assets let to Irish government entities and other state bodies, IDA Ireland supported and other FDI companies, and larger corporates.

Further information on the Company can be found on the Company's website at www.ygreit.com

APPENDIX I

Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them

This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)

 
 1     Details of the person discharging managerial responsibilities/person closely associated 
 a)    Name                                                          1. Jonathan Laredo 
                                                                      2. Charles Peach 
                                                                      3. Michael Gibbons 
      -------------------------------------------------------  ------------------------------------------------------- 
 2     Reason for the notification 
      ---------------------------------------------------------------------------------------------------------------- 
                                                                     1. Chief Executive Officer 
  a)    Position/status                                               2. Chief Financial Officer 
                                                                      3. Chief Investment Officer 
      -------------------------------------------------------  ------------------------------------------------------- 
 b)    Initial notification/Amendment                           Initial notification 
      -------------------------------------------------------  ------------------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, auction platform, auctioneer 
        or auction monitor 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Name                                                     Yew Grove REIT plc 
      -------------------------------------------------------  ------------------------------------------------------- 
 b)    LEI                                                      6354003383UIBIYIJA86 
      -------------------------------------------------------  ------------------------------------------------------- 
 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 EUR0.01 each 
       instrument 
       Identification code 
                                                                  ISIN: IE00BDT5KP12 
      -------------------------------------------------------  ------------------------------------------------------- 
 b)    Nature of the transaction                                Grant of Share Options made in accordance with the Yew 
                                                                Grove REIT plc Long Term Incentive 
                                                                Plan 
      -------------------------------------------------------  ------------------------------------------------------- 
 c)    Price(s) and volume(s)                                        Price(s)          Volume(s) 
                                                                       1. EUR0.01         1. 375,000 
                                                                        2. EUR0.01         2. 375,000 
                                                                        3. EUR0.01         3. 375,000 
                                                                                    ----------------- 
      -------------------------------------------------------  ------------------------------------------------------- 
 d)    Aggregated information                                    Price(s)   Volume(s) 
                                                                    N/A         N/A 
                                                                            ---------- 
      -------------------------------------------------------  ------------------------------------------------------- 
 e)    Date of the transaction                                  15 February 2019 
      -------------------------------------------------------  ------------------------------------------------------- 
 f)    Place of the transaction                                 Outside a trading venue 
      -------------------------------------------------------  ------------------------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

DSHLLFFLFRIELIA

(END) Dow Jones Newswires

February 15, 2019 06:30 ET (11:30 GMT)

1 Year Yew Grove Reit Chart

1 Year Yew Grove Reit Chart

1 Month Yew Grove Reit Chart

1 Month Yew Grove Reit Chart

Your Recent History

Delayed Upgrade Clock