22 Mar 2021 14:46
Date of issue: 22 March 2021
LEI: 213800WMV4WVES8TQH05
St. Modwen Properties PLC
Vesting of Performance Share Plan Award
St. Modwen Properties PLC (the "Company") announces that awards granted to executive directors under the St. Modwen Properties PLC 2017 Performance Share Plan ("PSP") automatically vested on 20 March 2021. The options were granted on 20 March 2018 and vested at 32.08%, following the achievement of performance conditions measured over a three-year period to 30 November 2020.
Details for the purposes of the requirement to notify and disclose transactions by persons discharging managerial responsibilities and persons closely associated with them are set out below.
Director/PDMR | Award | Awards granted | Awards lapsed | Number of awards vested on 20 March 2021 |
Rob Hudson | Grant of nil cost options under the PSP on 20 March 2018 | 124,977 | 84,885 | 40,092 |
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Rob Hudson | ||||
2. | Reason for the notification | |||||
a) | Position / status | PDMR - Chief Finance and Operations 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 | Nil cost options over ordinary shares of £0.10 each in St. Modwen Properties PLC
GB0007291015 | ||||
b) | Nature of the transaction | Vesting of 40,092 nil cost share options granted on 20 March 2018 | ||||
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 | 2021-03-20 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
For further information, please contact:
St. Modwen Properties PLC | www.stmodwen.co.uk |
Sarwjit Sambhi, Chief Executive Officer | |
Tom Gough, Head of Corporate Affairs | 0121 222 9400 |
FTI Consulting | |
Dido Laurimore Andrew Davis | 020 3727 1000 |