26th May 2020 16:54
26 May 2020
Countryside Properties PLC (the "Company")
Notifications of Transactions by Person Discharging Managerial Responsibilities ("PDMR")
The Company has been notified of the vesting on 22 May 2020 of the award granted to Phillip Lyons, a PDMR, under the Countryside Properties PLC Long Term Incentive Plan ("LTIP"). The award, in the form of a conditional share award over the ordinary shares of £0.01 of the Company ("Shares"), was granted on 22 May 2017. The vesting was subject to the Company's performance against certain metrics (TNAV, ROCE and relative TSR) with sufficient Shares sold to cover tax liabilities. The balance of shares retained following the vesting and sale were transferred to his spouse, a person closely associated ("PCA").
Notification of Dealing Forms can be found below.
This notification is made in accordance with the requirements of the Market Abuse Regulation.
Enquiries
Gary Whitaker
Company Secretary
Notification of Dealing Form
1 | Details of the person discharging managerial responsibilities/person closely associated | ||||
a) | Name | Phillip Lyons | |||
2 | Reason for the notification | ||||
a) | Position/Status | Divisional 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 | Countryside Properties PLC | |||
b) | LEI | 213800J3U1EMU8XMB493 | |||
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 | ||||
Transaction 1 | |||||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of £0.01 each
ISIN: GB00BYPHNG03 | |||
b) | Nature of the transaction | Vesting of a conditional award of ordinary shares under the Countryside Properties PLC Long Term Incentive Plan | |||
c) | Price(s) and volumes(s) | Price(s) | Volume(s) | ||
£nil | 117,057 | ||||
d) | Aggregated information
- Aggregated volume
- Price | N/A | |||
e) | Date of the transaction | 2020-05-22 | |||
f) | Place of the transaction | Outside a trading venue | |||
Transaction 2 | |||||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of £0.01 each
ISIN: GB00BYPHNG03 | |||
b) | Nature of the transaction | Sale of shares sufficient to cover tax liabilities arising on the aforesaid award under the under the Countryside Properties PLC Long Term Incentive Plan | |||
c) | Price(s) and volumes(s) | Price(s) | Volume(s) | ||
£2.616964 | 55,211 | ||||
d) | Aggregated information
- Aggregated volume
- Price | N/A | |||
e) | Date of the transaction | 2020-05-22 | |||
f) | Place of the transaction | XLON | |||
Transaction 3 | |||||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of £0.01 each
ISIN: GB00BYPHNG03 | |||
b) | Nature of the transaction | Transfer to spouse of shares retained following the vesting and sale arising on the aforesaid award under the under the Countryside Properties PLC Long Term Incentive Plan | |||
c) | Price(s) and volumes(s) | Price(s) | Volume(s) | ||
Nil | 61,846 | ||||
d) | Aggregated information
- Aggregated volume
- Price | N/A | |||
e) | Date of the transaction | 2020-05-22 | |||
f) | Place of the transaction | Outside a trading venue | |||
Notification of Dealing Form
1 | Details of the person discharging managerial responsibilities/person closely associated | ||||
a) | Name | Penny Lyons | |||
2 | Reason for the notification | ||||
a) | Position/Status | PCA - Phillip Lyons | |||
b) | Initial notification/Amendment | Initial notification | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Countryside Properties PLC | |||
b) | LEI | 213800J3U1EMU8XMB493 | |||
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 | Ordinary shares of £0.01 each
ISIN: GB00BYPHNG03 | |||
b) | Nature of the transaction | Transfer from spouse, PDMR | |||
c) | Price(s) and volumes(s) | Price(s) | Volume(s) | ||
Nil | 61,846 | ||||
d) | Aggregated information
- Aggregated volume
- Price | N/A | |||
e) | Date of the transaction | 2020-05-22 | |||
f) | Place of the transaction | Outside a trading venue | |||
Related Shares:
CSP.L