15 May 2019 17:15
15 May 2019
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)
St. Modwen Properties PLC announces the following transactions:
1. Vesting of Share Award Agreement
On 13 May 2019 Mark Allan exercised the following nil cost option final tranche of an award granted to him on 2 November 2016:
Tranche | Number of shares exercised | Number of shares sold to cover tax liability | Number of shares retained |
Five | 76,518 | 35,964 | 40,554 |
In accordance with the terms of the agreement the tranche has been exercised using existing shares held by the St. Modwen Employee Share Trust.
2. Purchase of Shares
On 13 May 2019 Mark Allan purchased 36,178 shares in the Company at £4.125.
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 | PDMR - EXECUTIVE OFFICER | ||||
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 TRANCHE FIVE OF THE SHARE AWARD GRANTED ON 2 NOVEMBER 2016 COMPRISING NIL COST OPTIONS OVER 76,518 SHARES. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: - Aggregated volume - Aggregated price |
N/A N/A | ||||
e) | Date of the transaction | 2019-05-13 | ||||
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 TRANCHE FIVE OF SHARE AWARD GRANTED ON 2 NOVEMBER 2016 TO COVER TAX LIABILITY ARISING ON EXERCISE | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Aggregated price |
N/A N/A | ||||
e) | Date of the transaction | 2019-05-13 | ||||
f) | Place of the transaction | OUTSIDE A TRADING VENUE | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | MARK ALLAN | ||||
2. | Reason for the notification | |||||
a) | Position / status | PDMR - EXECUTIVE OFFICER | ||||
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 | ORDINARY SHARES OF 10 PENCE EACH IN ST. MODWEN PROPERTIES PLC
GB0007291015 | ||||
b) | Nature of the transaction | PURCHASE OF SHARES | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
Aggregated volume price | n/a
n/a | ||||
e) | Date of the transaction | 2019-05-13 | ||||
f) | Place of the transaction | LONDON STOCK EXCHANGE, MAIN MARKET | ||||
LEI: 213800WMV4WVES8TQH05