1st Jun 2011 09:13
1 June 2011
METRIC PROPERTY INVESTMENTS PLC
MATCHING SHARE PLAN ("MSP") - PURCHASE AND AWARD
Metric Property Investments plc (or the "Company") announces that on 31 May 2011 Andrew Jones, Valentine Beresford, Mark Stirling and Sue Ford, Directors of the Company, purchased ordinary shares in the Company at a price of 113p per share, to be held subject to the rules of the Company's MSP, as shown in the table below. The shares acquired have been purchased using 50% of the individuals' retained bonuses after tax and national insurance.
Following this purchase, in accordance with the Rules of the MSP, the above Directors were conditionally awarded a right to receive a Matching Share Award equal to two times the number of shares acquired at nil consideration, as shown in the table below.
The awards will vest on the third anniversary of grant, subject to achievement of the performance conditions and continued employment.
Director |
Shares purchased |
Conditional Award | Resultant beneficial holding |
Andrew Jones | 55,720 | 111,440 | 2,055,720 |
Valentine Beresford | 34,693 | 69,386 | 2,109,693 |
Mark Stirling | 34,693 | 69,386 | 1,534,693 |
Sue Ford | 26,808 | 53,616 | 76,808 |
-Ends-
For further information, please contact:
Metric Property Investments plc
Sue Ford / Juliana Weiss Dalton
Tel: +44 (0)20 7129 7000
Related Shares:
METP.L