3 Apr 2017 07:00
Urban&Civic plc
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.
On 31 March 2017 the following awards structured as nil-cost options over ordinary shares of 20 pence in Urban&Civic plc (the "Awards") were granted under the Urban&Civic plc Deferred Share Bonus Plan (the "Plan") to the following persons discharging managerial responsibilities ("PDMRs") in respect of deferred annual bonuses for the relevant year:
PDMR | No. of shares under 2015 Award | No. of shares under 2016 Award |
Nigel Hugill | 34,191 | 49,860 |
Robin Butler | 34,191 | 49,860 |
David Wood | N/A | 21,678 |
The Awards have been granted in respect of 50% of the bonus payable to the PDMR in the relevant year which was to be deferred into shares under the Plan. There has been a delay in the grant of the Awards due to an administrative oversight following the introduction of the Plan, which was adopted by the Board of Directors of the Company on 10 February 2016. The Awards have been granted on the terms that they would have been granted on had they been granted following the announcement of results for the years ended 30 September 2015 and 30 September 2016.
The Awards will ordinarily become exercisable on 8 December 2017 and 8 December 2018 respectively (being two years from the respective dates on which they should have been granted consistent with the Company's remuneration policy), subject to continued employment, and will remain exercisable until the 10th anniversary of the grant date.
Further details in relation to the Awards will be included in the next Directors' Remuneration Report.
Details of the full notifications received by the Company are set out below.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Nigel Hugill | ||||
2 | Reason for Notification | |||||
a) | Position/status | Chief Executive | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Urban&Civic plc | ||||
b) | LEI | 213800WL3TK2BJGFCY44 | ||||
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 20 pence each in Urban&Civic plc | ||||
Identification code | GB00BKT04W07 | |||||
b) | Nature of the transaction | Grant of nil-cost options under the Urban&Civic plc Deferred Share Bonus Plan. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
84,051 £Nil | ||||
e) | Date of the transaction | 31 March 2017 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Robin Butler | ||||
2 | Reason for Notification | |||||
a) | Position/status | Managing Director | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Urban&Civic plc | ||||
b) | LEI | 213800WL3TK2BJGFCY44 | ||||
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 20 pence each in Urban&Civic plc | ||||
Identification code | GB00BKT04W07 | |||||
b) | Nature of the transaction | Grant of nil-cost options under the Urban&Civic plc Deferred Share Bonus Plan. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
84,051 £Nil | ||||
e) | Date of the transaction | 31 March 2017 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | David Wood | ||||
2 | Reason for Notification | |||||
a) | Position/status | Finance Director | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Urban&Civic plc | ||||
b) | LEI | 213800WL3TK2BJGFCY44 | ||||
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 20 pence each in Urban&Civic plc | ||||
Identification code | GB00BKT04W07 | |||||
b) | Nature of the transaction | Grant of nil-cost option under the Urban&Civic plc Deferred Share Bonus Plan. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 31 March 2017 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Enquiries:
Heather Williams, Company Secretary
Urban&Civic plc
Tel: +44 20 7509 5555