16th Oct 2008 17:30
16 October 2008
St Modwen Properties PLC (the "Company")
Notification of Transactions of Directors, Persons Discharging Managerial Responsibility or Connected Persons
The Company was notified on 16 October 2008 of the following transactions on 3 October 2008:
Stephen Prosser, a Person Discharging Managerial Responsibility, exercised 1,750 SAYE share options at a price of 182 pence per share. The 1,750 options being exercised represent 0.001% of the Company's issued share capital. Following exercise, Mr. Prosser sold the shares at a price of 274 pence per share. Following this transaction, Mr. Prosser has no beneficial interest in the shares of the Company
Rupert Joseland, a Person Discharging Managerial Responsibility, exercised 875 SAYE share options in the Company at a price of 182 pence per share. The 875 options being exercised represent 0.0007% of the Company's issued share capital. Then Mr. Joseland transferred the shares to Rosanne Margaret Joseland. Following these transactions Mr. Joseland's beneficial shareholding in the company is 2,199 shares, representing 0.002% of the Company's issued share capital.
Mike Herbert, a Person Discharging Managerial Responsibility, exercised 1,750 SAYE share options in the Company at a price of 182 pence per share. The 1,750 options being exercised represent 0.001% of the Company's issued share capital. Following the exercise Mr. Herbert transferred the shares as follows:
ARW Herbert 583 shares
AVW Herbert 584 shares
CEW Herbert 583 shares
Each of these individuals is over the age of 18 at the date of transfer and none is a connected person. Following these transactions Mr. Herbert's beneficial shareholding in the Company remains unchanged at 104,483 shares, representing 0.087% of the Company's issued share capital.
Enquiries:
St. Modwen Properties PLC Tel: 0121 222 9400
Jon Messent, Company Secretary
Related Shares:
SMP.L