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viewSt. Modwen Properties

St. Modwen Props - Director/PDMR Shareholding

RNS Number : 1923U
St. Modwen Properties PLC
27 July 2020
 

Date of issue: 27 July 2020

LEI: 213800WMV4WVES8TQH05

 

St. Modwen Properties PLC

Notification and public disclosure of transactions by person discharging managerial responsibilities

 

St. Modwen Properties PLC (the "Company") announces that Rob Hudson, an executive director of the Company, undertook the following transactions in the Company's ordinary shares of 10 pence each ("Shares") on 24 July 2020.

 

1.      Purchase of 15,896 Shares at a price of 314.54 pence per Share; and

 

2.      Exercise of nil cost options over the Company's Shares under the St. Modwen Properties PLC 2017 Performance Share Plan ("PSP"). The award of nil cost options vested at 67.2% on 7 July 2020 following the achievement of performance conditions measured over a three-year period to 30 November 2019. In accordance with the rules of the PSP, Rob Hudson received an additional number of shares equivalent to the dividends paid between the date of grant of the PSP and the date of exercise on the number of shares which vested.

 

Award

Number of shares exercised including dividend equivalent

Number of shares sold to cover tax liability on exercise

Number of shares retained

Grant of nil cost options under the PSP on 7 July 2017

81,737

38,417

43,320

 

The following notifications are made in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation.

 

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Rob Hudson

2.

Reason for the notification

a)

Position / status

PDMR - Interim Chief Executive Officer

b)

Initial notification/amendment

Initial notification

3.

Details of issuer

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

 

Identification Code

Ordinary shares of £0.10 each in St. Modwen Properties PLC

 

 

GB0007291015

b)

Nature of the transaction

Purchase of 15,896 shares

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£3.145 per share

15,896

d)

Aggregated information

-    Aggregated volume

 

-    Aggregated price

N/A

 

e)

Date of the transaction

2020-07-24

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

 

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Rob Hudson

2.

Reason for the notification

a)

Position / status

PDMR - Interim Chief Executive Officer

b)

Initial notification/amendment

Initial notification

3.

Details of issuer

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

 

Identification Code

Ordinary shares of £0.10 each in St. Modwen Properties PLC

 

 

GB0007291015

b)

Nature of the transaction

Exercise of 77,807 nil cost options granted under the St. Modwen Properties PLC 2017 Performance Share Plan on 7 July 2017 and 3,930 dividend equivalent shares.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

Nil cost

81,737

d)

Aggregated information

-    Aggregated volume

 

-    Aggregated price

N/A

 

e)

Date of the transaction

2020-07-24

f)

Place of the transaction

Outside a trading venue

 

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Rob Hudson

2.

Reason for the notification

a)

Position / status

PDMR - Interim Chief Executive Officer

b)

Initial notification/amendment

Initial notification

3.

Details of issuer

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

 

Identification Code

Ordinary shares of £0.10 each in St. Modwen Properties PLC

 

 

GB0007291015

b)

Nature of the transaction

Disposal of 38,417 shares following exercise of nil cost options under the St. Modwen Properties PLC 2017 Performance Share Plan Award granted on 7 July 2017 to cover tax liability arising on exercise.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£3.08 per share

38,417

d)

Aggregated information

-    Aggregated volume

 

-    Aggregated price

N/A

 

e)

Date of the transaction

2020-07-24

f)

Place of the transaction

Outside a trading venue

 

For further information, please contact:

St. Modwen Properties PLC

www.stmodwen.co.uk

Rob Hudson, Interim Chief Executive Officer

Tom Gough, Head of External Communications and Stakeholder Relations

0121 222 9400



FTI Consulting


Dido Laurimore

Ellie Sweeney

020 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: St. Modwen Properties

Price: 341.3788

Market: LSE
Market Cap: £758.52 m
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