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Director/PDMR Shareholding

8th Feb 2022 15:04

RNS Number : 0653B

Shaftesbury PLC

08 February 2022

Shaftesbury PLC (the "Company")

Director/PDMR shareholding

1. Grant of options under the Long-Term Incentive Plan (the "LTIP")

The following awards over ordinary shares of 25p in the Company under the LTIP were made on 7 February 2022:

Name	Number of shares awarded
Brian Bickell	176,805
Simon Quayle	124,593
Tom Welton	124,593
Chris Ward	129,635

The awards (which have been granted as nil-cost options) will be subject to the Company's achievement of total shareholder return, total accounting return and net asset value growth performance conditions measured over a period of three financial years commencing 1 October 2021.

Subject to the rules of the LTIP and these performance conditions, the awards will vest in February 2025 and will then be subject to an additional two year post-vesting holding period.

Full details on the LTIP may be found in the Company's 2021 Annual Report at: www.shaftesbury.co.uk

The performance measures are as follows:

Measure	Weighting	Threshold vesting (25% of max)	Maximum vesting
TSR (relative to constituents of FTSE 350 REIT index)	50%	Median	Upper Quartile
Total Accounting Return (relative to market cap-weighted index of FTSE 350 REITs)	25%	Equal to index	Index +2% p.a.
Total Accounting Return - absolute growth targets	25%	4.5% p.a.	10.5% p.a.

Desna Martin

Company Secretary

8 February 2022

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Brian Bickell
2	Reason for the notification
a)	Position/status	Chief Executive
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Shaftesbury PLC
b)	LEI	213800N7LHKFNTDKAT98
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 25p

	Identification code	GB0007990962

b)	Nature of the transaction	Grant of shares under the Long-Term Incentive Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£0.00	176,805

d)	Aggregated information

	- Aggregated volume	176,805

	- Price	N/A

e)	Date of the transaction	7 February 2022
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Simon Quayle
2	Reason for the notification
a)	Position/status	Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Shaftesbury PLC
b)	LEI	213800N7LHKFNTDKAT98
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 25p

	Identification code	GB0007990962

b)	Nature of the transaction	Grant of shares under the Long-Term Incentive Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£0.00	124,593

d)	Aggregated information

	- Aggregated volume	124,593

	- Price	N/A

e)	Date of the transaction	7 February 2022
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Tom Welton
2	Reason for the notification
a)	Position/status	Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Shaftesbury PLC
b)	LEI	213800N7LHKFNTDKAT98
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 25p

	Identification code	GB0007990962

b)	Nature of the transaction	Grant of shares under the Long-Term Incentive Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£0.00	124,593

d)	Aggregated information

	- Aggregated volume	124,593

	- Price	N/A

e)	Date of the transaction	7 February 2022
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Chris Ward
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Shaftesbury PLC
b)	LEI	213800N7LHKFNTDKAT98
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 25p

	Identification code	GB0007990962

b)	Nature of the transaction	Grant of shares under the Long-Term Incentive Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£0.00	129,635

d)	Aggregated information

	- Aggregated volume	129,635

	- Price	N/A

e)	Date of the transaction	7 February 2022
f)	Place of the transaction	London Stock Exchange

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

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