12th Oct 2011 16:30
London & Associated Properties PLC ("the Company)
On 12 October 2011 the Company issued from Treasury 39,297 shares at 30.5p. Of these shares 12,897 were issued to cover a staff bonus and the remaining 26,400 were issued under the Company's HMRC approved Share Incentive Plan (SIP) to directors and staff. With regard to these shares the Trustee of the SIP will pay cash of £8,052 to the Company for 26,400 shares at 30.5p (being last night's closing mid-price) from cash accumulated from dividends which will be distributed to members of the SIP as Dividend Shares.
Directors and PDMR's receiving shares and directors' new beneficial holding totals are as follows -
ADDITIONAL NEW TOTAL % OF ISSUED SHARES HOLDING SHARESDirector -J A Heller 2,329 1,630,649 1.94%R J Corry 2,423 998,437 1.19%PDMR's -Members of staff 34,545TOTAL 39,297 shares
The Company now holds 1,538,398 shares in Treasury. For reporting purposes under section 792 of the Companies Act 2006 the market should exclude any shares held in Treasury and use an issued share capital figure of 84,004,313 shares.
Date 12 October 2011
For further information, please contact:
Heather Curtis
Secretary London & Associated Properties plc
Telephone number 020 7415 5000
Related Shares:
London & Associated Properties