Last checked at 22 Jun 2018 10:30
22 June 2018
LONDONMETRIC PROPERTY PLC
PDMR/DIRECTOR DEALINGS
LondonMetric Property Plc ("Company") announces the vesting of previous share awards and part disposal by Directors of shares to meet associated tax liabilities arising from vesting.
In respect of prior year share awards, the following ordinary shares of 10 pence each ("Shares") have vested:
· 2,017,875 Shares relating to grants under the Company's LTIP on 11 June 2015
· 574,242 Shares relating to grants under the Company's Deferred Bonus Plan on 11 June 2015, 8 June 2016 and 16 June 2017.
Details of vesting and disposals in respect of notifiable interests are set out below.
| LTIP Shares vested3 | Bonus Shares vested3 | Shares disposed1 | Net increase in holding2 | Resultant beneficial holding |
Andrew Jones | 581,294 | 211,902 | 373,926 | 419,270 | 3,791,072 |
Martin McGann | 305,181 | 116,656 | 198,862 | 222,975 | 2,564,560 |
Valentine Beresford | 321,368 | 122,842 | 209,409 | 234,801 | 2,991,860 |
Mark Stirling | 321,368 | 122,842 | 209,409 | 234,801 | 2,485,522 |
Andrew Smith | 81,083 | - | 38,224 | 42,859 | 252,905 |
1. Shares were disposed on 21 June 2018 at a price of 187.63 pence per Share
2. Shares that vested and were not disposed have been pledged by Andrew Jones, Valentine Beresford and Mark Stirling
3. Inclusive of entitlement to the fourth quarter dividend
Further information on remuneration, the LTIP, the deferred bonus plan and pledging is contained in the Company's 2018 Annual Report.
For further information, please contact:
LondonMetric Property Plc
Andrew Jones / Martin McGann
Tel: +44 (0) 20 7484 9000
FTI Consulting
Dido Laurimore/Tom Gough/Richard Gotla
Tel: +44 (0) 20 3727 1000