4 Oct 2016 15:53
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) |
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d) | Aggregated information - Aggregated volume
- Aggregated price | N/A
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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) |
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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 | ||||