29 Sep 2017 08:52
Date: 29th September 2017
ST. MODWEN PROPERTIES PLC
Notification of Major Interest in Shares
St. Modwen Properties PLC (the "Company") announces that it has been notified that, on 28th September 2017, an aggregate of 3,500,000 existing ordinary shares of 10 pence each in the Company ("Ordinary Shares") have been sold by certain members of the Clarke family at a price of 370.5 pence per share.
Following these disposals, the Clarke family will hold 15,175,196 Ordinary Shares representing 6.82 per cent. of the Company's issued share capital.
As part of the disposal, Simon Clarke, a Non-Executive Director of the Company, has sold 500,000 Ordinary Shares at the same price. Following this sale he holds 2,704,157 Ordinary Shares, representing 1.22 per cent. of the Company's issued share capital.
The selling shareholders have agreed not to sell any further Ordinary Shares for a period of 90 days without the prior written consent of Numis Securities Limited.
Enquiries:
St. Modwen Properties PLC Tel: 0121 222 9400
Mark Allan, Chief Executive
Rob Hudson, Finance Director
Numis Securities Limited Tel: 020 7260 1000
Heraclis Economides
Ben Stoop
LEI: 213800WMV4WVES8TQH05