Source - RNS
RNS Number : 6820L
St. Modwen Properties PLC
04 October 2016
 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

St. Modwen Properties PLC (the "Company") has been notified that, on 3rd October 2016, Steve Burke, Group Construction Director, exercised options granted under the St. Modwen Properties PLC 2011 Saving Related Share Option Scheme to purchase 9,887 ordinary shares of 10 pence each in the Company at a price of 156.00 pence per share.  These shares were subsequently sold at a price of 298.40 pence per share.  Consequently the number of ordinary shares held beneficially by Steve Burke and those persons closely associated with him remains unchanged at 526,615 shares.

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

STEPHEN BURKE

2.

Reason for the notification

a)

Position / status

PDMR - GROUP CONSTRUCTION DIRECTOR

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 financial instrument

 

 

Identification Code

EXERCISE OF OPTIONS TO ACQUIRE ORDINARY SHARES OF 10 PENCE EACH UNDER THE SAVING RELATED SHARE OPTION SCHEME ("2011 SAYE OPTIONS")

 

GB0007291015

b)

Nature of the transaction

EXERCISE OF 2011 SAYE OPTIONS

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£1.56

9,887 SHARES

d)

Aggregated information

-    Aggregated volume

 

-    Aggregated price

N/A

 

e)

Date of the transaction

2016-10-03

f)

Place of the transaction

OUTSIDE A TRADING VENUE

a)

Description of the financial instrument

Identification Code

ORDINARY SHARES OF 10 PENCE EACH

GB0007291015

b)

Nature of the transaction

DISPOSAL OF SHARES FOLLOWING EXERCISE OF 2011 SAYE OPTIONS

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£2.984

9,887 SHARES

d)

Aggregated information

-    Aggregated volume

 

-    Aggregated price

N/A

e)

Date of the transaction

2016-10-03

f)

Place of the transaction

OUTSIDE A TRADING VENUE

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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