11th Apr 2018 17:15
11th April 2018
St. Modwen Properties PLC
(the "Company")
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them (in accordance with the Market Abuse Regulations)
Vesting of Share Award Agreement
On 10th April 2018 Mark Allan exercised the following nil cost option tranches of an award granted to him on 2nd November 2016:
Tranche | Number of shares exercised | Number of shares sold to cover tax liability | Number of shares retained |
Three | 105,708 | 49,683 | 56,025 |
Four | 152,991 | 71,906 | 81,085 |
TOTAL | 258,699 | 121,589 | 137,110 |
In accordance with the terms of the agreement both tranches have been exercised using existing shares held by the St. Modwen Employee Share Trust.
The notifications set out below relating to the above transactions are provided in accordance with the requirements of the EU Market Abuse Regulation.
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Mark Allan | ||||
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 | St. Modwen Properties PLC | ||||
b) | LEI | 213800WMV4WVES8TQH05 | ||||
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 10 pence each in St. Modwen Properties PLC | ||||
Identification code | GB0007291015 | |||||
b) | Nature of the transaction | Exercise of tranches three and four of share award granted on 2nd November 2016 comprising nil cost options over 105,708 shares and 152,991 shares respectively | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: - Aggregated volume - Aggregated price |
N/A N/A | ||||
e) | Date of the transaction | 2018-04-10 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
a) | Description of the Financial instrument, type of instrument | Ordinary shares of 10 pence each in St. Modwen Properties PLC | ||||
Identification code | GB0007291015 | |||||
b) | Nature of the transaction | Disposal of shares following exercise of tranches three and four of share award granted on 2nd November 2016 to cover tax liability arising on exercise | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Aggregated price |
N/A N/A | ||||
e) | Date of the transaction | 2018-04-10 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Related Shares:
SMP.L