TIDMSMP

RNS Number : 0791T

St. Modwen Properties PLC

22 March 2021

Date of issue: 22 March 2021

LEI: 213800WMV4WVES8TQH05

St. Modwen Properties PLC

Vesting of Performance Share Plan Award

St. Modwen Properties PLC (the "Company") announces that awards granted to executive directors under the St. Modwen Properties PLC 2017 Performance Share Plan ("PSP") automatically vested on 20 March 2021. The options were granted on 20 March 2018 and vested at 32.08%, following the achievement of performance conditions measured over a three-year period to 30 November 2020.

Details for the purposes of the requirement to notify and disclose transactions by persons discharging managerial responsibilities and persons closely associated with them are set out below.

 
                    Award          Awards granted   Awards lapsed   Number of awards 
                                                                     vested on 20 March 
   Director/PDMR                                                     2021 
                      Grant of 
                      nil cost 
                       options 
                      under the 
                      PSP on 20 
    Rob Hudson       March 2018       124,977          84,885             40,092 
                   -------------  ---------------  --------------  -------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                             Rob Hudson 
     -------------------------------  ------------------------------------------ 
 2.   Reason for the notification 
     --------------------------------------------------------------------------- 
 a)   Position / status                PDMR - Chief Finance and Operations 
                                        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               Nil cost options over ordinary shares 
       financial instrument             of GBP0.10 each in St. Modwen Properties 
                                        PLC 
       Identification Code 
                                        GB0007291015 
     -------------------------------  ------------------------------------------ 
 b)   Nature of the transaction        Vesting of 40,092 nil cost share options 
                                        granted on 20 March 2018 
     -------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)             Price(s)    Volume(s) 
                                          Nil cost    40,092 
                                                     ---------- 
     -------------------------------  ------------------------------------------ 
 d)   Aggregated information           N/A 
        *    Aggregated volume 
 
 
 
        *    Aggregated price 
     -------------------------------  ------------------------------------------ 
 e)   Date of the transaction          2021-03-20 
     -------------------------------  ------------------------------------------ 
 f)   Place of the transaction         Outside a trading venue 
     -------------------------------  ------------------------------------------

For further information, please contact:

 
 St. Modwen Properties PLC                  www.stmodwen.co.uk 
 Sarwjit Sambhi, Chief Executive Officer 
 Tom Gough, Head of Corporate Affairs       0121 222 9400 
 
 FTI Consulting 
 Dido Laurimore 
  Andrew Davis                              020 3727 1000

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END

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