9 Feb 2018 15:05
9 February 2018
Urban&Civic plc ("Urban&Civic" or "the Company")
Notification of Awards under the Urban&Civic plc Performance Share Plan
Urban&Civic plc announces the following grant of nil cost options ("Awards") over ordinary shares in the Company of 20 pence each ("Shares") to certain directors of the Company under the Company's Performance Share Plan ("PSP") on 8 February 2018:
Name | Total Awards granted on 8 February 2018 | Total Awards outstanding on 8 February 2018 |
Nigel Hugill, Chief Executive | 405,153 | 1,051,895 |
Robin Butler, Managing Director | 405,153 | 1,051,895 |
David Wood | 254,629 | 646,725 |
Further details of the Awards are set out below.
Notes
1. The Awards will ordinarily vest following the third anniversary of the grant date, and are not able to be sold for a further two year period after vesting, making a five year period in total. The Awards only vest to the extent the following performance criteria are satisfied over the period from 1 October 2017 to 30 September 2020:
a. EPRA Net Asset Value performance (50% weighting) must increase by more than 5.0% per annum for 25% vesting and must increase by more than 12.0% per annum for 100% vesting.
b. Total Shareholder Return (50% weighting) must increase by more than 5.0% per annum for 25% vesting and must increase by more than 12.0% per annum for 100% vesting.
To the extent that the Awards vest, they will be exercisable from vesting until 7 February 2028, assuming the participant remains in the Company's employment;
2. No consideration is payable on the grant of the Awards; and
3. The notification of these Awards is intended to satisfy the Company's obligations under DTR 3.1.
For further information please contact:
Heather Williams Tel. 020 7509 5555
Urban&Civic plc
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulations, provide further detail:
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
(Disclosure in relation to award of share options)
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Nigel Hugill | ||||
2 | Reason for the notification | |||||
a) | Position/status | Director/PDMR | ||||
b) | Initial notification /Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Urban & Civic Plc | ||||
b) | LEI | N/A | ||||
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 Identification code | 405,153 options over ordinary shares of 20 pence each in the capital of the Company ISIN: GB00BKT04W07 | ||||
b) | Nature of the transaction | Award of options | ||||
c) | Price(s) and volume(s)
|
| ||||
d)
| Aggregated information - Aggregated volume - Price |
405,153 nil | ||||
e) | Date of the transaction | 8 February 2018 | ||||
f) | Place of the transaction | London | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Robin Butler | ||||
2 | Reason for the notification | |||||
a) | Position/status | Director/PDMR | ||||
b) | Initial notification /Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Urban & Civic Plc | ||||
b) | LEI | N/A | ||||
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 Identification code | 405,153 options over ordinary shares of 20 pence each in the capital of the Company ISIN: GB00BKT04W07 | ||||
b) | Nature of the transaction | Award of options | ||||
c) | Price(s) and volume(s)
|
| ||||
d)
| Aggregated information - Aggregated volume - Price |
405,153 nil | ||||
e) | Date of the transaction | 8 February 2018 | ||||
f) | Place of the transaction | London | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | David Wood | ||||
2 | Reason for the notification | |||||
a) | Position/status | Director/PDMR | ||||
b) | Initial notification /Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Urban & Civic Plc | ||||
b) | LEI | N/A | ||||
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 Identification code | 254,629 options over ordinary shares of 20 pence each in the capital of the Company ISIN: GB00BKT04W07 | ||||
b) | Nature of the transaction | Award of options | ||||
c) | Price(s) and volume(s)
|
| ||||
d)
| Aggregated information - Aggregated volume - Price |
254,629 nil | ||||
e) | Date of the transaction | 8 February 2018 | ||||
f) | Place of the transaction | London | ||||