26 Nov 2020 17:40
26 November 2020
Urban Exposure Plc ("the Company")
Sale of Treasury Shares and PDMR Dealing
The Company announces that certain current and former employees of the Company have exercised nil cost options granted over 328,491 ordinary shares of 1 penny each in the Company (the "Shares"). The options were granted under the Company's long term incentive plan ( "LTIP"). In connection with the above exercise, the Company has sold 328,491 Shares from treasury shares, which were immediately sold in the market.
As a result of the above transaction, the Company holds 6,177,379 Shares in treasury, and the total number of Shares in issue (excluding Shares held in treasury) is 158,822,621. This number represents the total voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Michael McMahon is a Person Discharging Managerial Responsibilities. As part of the transactions described above, Mr McMahon acquired 35,086 Shares through exercise of LTIP options, all of which were immediately sold in the market.
1 | Details of the person discharging managerial responsibilities / person closely associated
| ||
a)
| Name(s) | Michael McMahon | |
2
| Reason for the notification | ||
a) | Position/status
| Michael McMahon is a member of the Company's Executive Committee. | |
b) | Initial notification/amendment
| Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||
a) | Name
| Urban Exposure plc | |
b) | LEI
| 213800Q7WLHGIHUFBT43
| |
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 | Ordinary Shares
Identification code: GB00BFNSQ303
| |
b) | Nature of the transaction | Sale of shares
| |
c) | Price(s) and volume(s) | Price
72.5 pence | Volume
35,086
|
d) | Currency
| GBP | |
e) | Aggregated information
| N/A | |
f) | Date of the transaction
| 24 November 2020 | |
g) | Place of the transaction | London Stock Exchange - XLON | |
Enquiries:
Urban Exposure plc Tel: +44(0)207 408 0022
Graham Warner, Chairman
Sam Dobbyn, Chief Executive Officer
Liberum (NOMAD and Corporate Broker) Tel: +44(0)203 100 2000
Neil Patel
Gillian Martin
Louis Davies
Nikhil Varghese
UrbanExposure@liberum.com