6 Dec 2018 13:54
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.
6 December 2018
Urban&Civic plc
Nigel Hugill on 5 December exercised outstanding entitlements over 75,000 shares under the Company's Deferred Share Bonus Plan and Performance Share Plan, on which he will settle the related option price and tax withholding obligation in cash. He intends to retain these shares.
The following ordinary shares of 20 pence in Urban&Civic plc will be delivered to him to satisfy the exercise of:
A) the 2015 deferred annual bonus award ("Deferred Bonus Award"); and
B) partial exercise of the award granted under the Company's Performance Share Plan in September 2014 ("PSP Award").
PDMR | A No. of shares delivered under the Deferred Bonus Award | B No. of shares delivered under the PSP Award | Total |
Nigel Hugill | 35,006 | 39,994 | 75,000 |
A) 50% of the annual bonus payable to the PDMR for the year ended 30 September 2015 was deferred for a vesting period of two years (which ended on the second anniversary of the fourth dealing day after the announcement of results in November 2017), subject to continued employment. Further details of this deferred bonus will be included in the next Directors' Remuneration Report.
B) The PSP award granted in September 2014 vested at 28.7% in December 2017.
The awards will be settled by a transfer of shares from the Company's employee benefit trust to the PDMR above.
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 | Acquisition of shares in settlement of the exercise of the 2015 deferred annual bonus award¹ and partial exercise of the 2014 PSP award². | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume
- Price |
75,000 £7998.80 | ||||||
e) | Date of the transaction | 5 December 2018 | ||||||
f) | Place of the transaction | Outside a trading venue | ||||||