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LondonMetric - Director Dealings

RNS Number : 6898Q
LondonMetric Property PLC
22 June 2020
 

22 June 2020

LONDONMETRIC PROPERTY PLC

PDMR/DIRECTOR DEALINGS

LondonMetric Property Plc ("Company") announces the granting of new share incentive awards, vesting of previous share awards and part disposals by Directors of shares to meet tax and other liabilities.

 

In respect of prior year awards, the following ordinary shares of 10 pence each ("Shares") have vested:

·      2,151,447 Shares relating to grants under the Company's 2017 Long Term Incentive Plan ("LTIP") vested on 19 June 2020

·      252,915 Shares relating to grants under the Company's Deferred Bonus Plan vested on 19 June 2020.

In respect of new share awards under the Company's LTIP for the financial year ended 31 March 2020, LondonMetric granted nil cost options over 1,914,457 shares on 17 June 2020.

 

Details of vestings, disposals and grants in respect of notifiable interests are set out below. 


2017 LTIP

Shares vested1

2017 Bonus Shares vested1

Shares disposed to satisfy tax and other liabilities2,3

Net increase in holding3

2020 LTIP

 options

granted4

Andrew Jones

619,067

92,659

335,518

376,208

515,069

Martin McGann

335,167

51,594

182,326

204,435

266,914

Valentine Beresford

352,942

54,331

191,995

215,278

275,855

Mark Stirling

352,942

54,331

291,995

125,278

275,855

Andrew Smith

118,570

-

55,896

62,674

147,433

 

1.     Inclusive of entitlement to the fourth quarter dividend

2.     Unless otherwise disclosed, shares were disposed on 19 June 2020 at an average price of 225.3 pence per Share

3.     In respect of Mark Stirling, he sold 100,000 Shares at a price of 226 pence and simultaneously bought 10,000 Shares at a price of 224 pence on 18 June 2020

4.     Vesting of Shares awarded under the 2020 LTIP is subject to total shareholder return, total accounting return and earnings performance conditions measured over a three year period

 

Beneficial holdings by relevant Directors and PDMRs as at 22 June 2020 are shown below.


Holding of Shares

Andrew Jones

4,572,907

Martin McGann

2,989,487

Valentine Beresford

3,439,323

Mark Stirling

2,842,985

Andrew Smith

367,542

 

Further information on remuneration, the LTIP and the Deferred Bonus Plan will be contained in the Company's 2020 Annual Report which is expected to be published tomorrow.

 

For further information, please contact:

 

LondonMetric Property Plc

Andrew Jones / Martin McGann

Tel: +44 (0) 20 7484 9000

 

FTI Consulting

Dido Laurimore/ Richard Gotla

Tel: +44 (0) 20 3727 1000


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.
 
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Quick facts: LondonMetric Property PLC

Price: 219

Market: LSE
Market Cap: £1.99 billion
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