Source - RNS
RNS Number : 6384K
St. Modwen Properties PLC
11 April 2018
 

11th April 2018

St. Modwen Properties PLC

(the "Company")

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them (in accordance with the Market Abuse Regulations)

 

Vesting of Share Award Agreement

 

On 10th April 2018 Mark Allan exercised the following nil cost option tranches of an award granted to him on 2nd November 2016:

 

Tranche

Number of shares exercised

Number of shares sold to cover tax liability

Number of shares retained

Three

105,708

49,683

56,025

Four

152,991

71,906

81,085

TOTAL

258,699

121,589

137,110

 

In accordance with the terms of the agreement both tranches have been exercised using existing shares held by the St. Modwen Employee Share Trust.

The notifications set out below relating to the above transactions are 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

Mark Allan

2.           

Reason for the Notification

a)

Position/status

Chief Executive

b)

Initial notification/Amendment

Initial notification

3.  

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

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, type of instrument

Ordinary shares of 10 pence each in St. Modwen Properties PLC

Identification code

GB0007291015

b)

Nature of the transaction

Exercise of tranches three and four of share award granted on 2nd November 2016 comprising nil cost options over 105,708 shares and 152,991 shares respectively

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

Nil cost

258,699 shares

d)

Aggregated information:

-           Aggregated   volume

-           Aggregated price

 

N/A

N/A

e)

Date of the transaction

2018-04-10

f)

Place of the transaction

Outside a trading venue

a)

Description of the Financial instrument, type of instrument

Ordinary shares of 10 pence each in St. Modwen Properties PLC

Identification code

GB0007291015

b)

Nature of the transaction

Disposal of shares following exercise of tranches three and four of share award granted on 2nd November 2016 to cover tax liability arising on exercise

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£3.942

121,589

d)

Aggregated information

-    Aggregated volume

-    Aggregated price

 

N/A

N/A

e)

Date of the transaction

2018-04-10

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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