21 May 2019 17:18
21 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. Exercise of 2016 Performance Share Plan ("PSP") Award
On 17 May 2019 Rob Hudson exercised the nil-cost 2016 PSP Award. The awards vested at 50% and became capable of exercise on 22 February 2019 following the achievement of the performance conditions measured over a three year period which ended on 30 November 2018. In accordance with the rules of the PSP, the director received an additional number of shares equal to the dividends paid between the date of grant and the date of exercise on the number of shares which vested.
Number of shares exercised | Number of shares sold to cover tax liability | Number of shares retained | |
2016 Performance Share Plan | 55,197 | 25,943 | 29,254 |
2. Purchase of shares
The Company advises that it has recently been brought to its attention that there is a historic dividend reinvestment instruction on Rob Hudson's dealing account. As a result, historic transactions relating to a small number of shares by the relevant director have not been notified as required by the Market Abuse Regulations. The notifications are therefore now being made - this relates to 1,858 shares purchased in aggregate by Rob Hudson as a result of reinvestments of Company dividends.
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 | ROB HUDSON | ||||
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 2016 PERFORMANCE SHARE PLAN AWARD ("PSP") GRANTED ON 22 FEBRUARY 2016 COMPRISING NIL COST OPTIONS OVER 52,332 SHARES AND DIVIDEND EQUIVALENT NUMBER OF SHARES (2,865 SHARES). | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: - Aggregated volume - Aggregated price |
N/A N/A | ||||
e) | Date of the transaction | 2019-05-17 | ||||
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 2016 PERFORMANCE SHARE PLAN AWARD ("PSP") GRANTED ON 22 FEBRUARY 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 | 2019-05-17 | ||||
f) | Place of the transaction | OUTSIDE A TRADING VENUE | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | ROBERT HUDSON | ||||
2. | Reason for the notification | |||||
a) | Position / status | PDMR - CHIEF FINANCIAL 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
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 | 2016-04-12 | ||||
f) | Place of the transaction | LONDON STOCK EXCHANGE, MAIN MARKET | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | ROBERT HUDSON | ||||
2. | Reason for the notification | |||||
a) | Position / status | PDMR - CHIEF FINANCIAL 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
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 | 2016-09-13 | ||||
f) | Place of the transaction | LONDON STOCK EXCHANGE, MAIN MARKET | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | ROBERT HUDSON | ||||
2. | Reason for the notification | |||||
a) | Position / status | PDMR - CHIEF FINANCIAL 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
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 | 2017-04-12 | ||||
f) | Place of the transaction | LONDON STOCK EXCHANGE, MAIN MARKET | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | ROBERT HUDSON | ||||
2. | Reason for the notification | |||||
a) | Position / status | PDMR - CHIEF FINANCIAL 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
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 GBP | ||||
e) | Date of the transaction | 2017-09-12 | ||||
f) | Place of the transaction | LONDON STOCK EXCHANGE, MAIN MARKET | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | ROBERT HUDSON | ||||
2. | Reason for the notification | |||||
a) | Position / status | PDMR - CHIEF FINANCIAL 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
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 | 2018-04-11 | ||||
f) | Place of the transaction | LONDON STOCK EXCHANGE, MAIN MARKET | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | ROBERT HUDSON | ||||
2. | Reason for the notification | |||||
a) | Position / status | PDMR - CHIEF FINANCIAL 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
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 | 2018-09-12 | ||||
f) | Place of the transaction | LONDON STOCK EXCHANGE, MAIN MARKET | ||||
LEI: 213800WMV4WVES8TQH05