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12 Jan 2011 17:56
The Local Shopping REIT plc
12 January 2011
Notification of Transactions of Directors and persons discharging managerial
responsibility ("PDMRs")
The Local Shopping REIT plc ("the Company") announces that on 12 January 2011 it was advised that the trustee of the Company's employee benefit trust, LSR Trustee Limited ("the Trustee"), made the following awards to executive directors and PMDRs under the Company's Long Term Incentive Plan ("the LTIP"):
Ordinary Shares of 20p each subject to award
Directors:
Nicholas Gregory 619,905
Michael Riley 619,905
Victoria Whitehouse 186,821
PDMRs:
Christopher Moulden 186,821
William Heaney 84,918
The awards may be exercised by the recipients after 30 September 2013, subject to the rules of the LTIP and to prior achievement of performance conditions determined by the Company's Remuneration Committee. The persons listed above therefore have a beneficial interest in shares held and to be acquired by the Trustee, subject to the rules of the LTIP. No money was paid for the grant of the awards.
Enquiries:
Bill Heaney
Company Secretary
020 7292 0333
END
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