Urban&Civic plc Director/PDMR Shareholding (4920E)
February 09 2018 - 9:05AM
UK Regulatory
TIDMUANC
RNS Number : 4920E
Urban&Civic plc
09 February 2018
9 February 2018
Urban&Civic plc ("Urban&Civic" or "the Company")
Notification of Awards under the Urban&Civic plc Performance
Share Plan
Urban&Civic plc announces the following grant of nil cost
options ("Awards") over ordinary shares in the Company of 20 pence
each ("Shares") to certain directors of the Company under the
Company's Performance Share Plan ("PSP") on 8 February 2018:
Name Total Awards Total Awards
granted on outstanding
8 February on 8 February
2018 2018
------------------------------- ------------- ---------------
Nigel Hugill, Chief Executive 405,153 1,051,895
------------------------------- ------------- ---------------
Robin Butler, Managing
Director 405,153 1,051,895
------------------------------- ------------- ---------------
David Wood 254,629 646,725
------------------------------- ------------- ---------------
Further details of the Awards are set out below.
Notes
1. The Awards will ordinarily vest following the third
anniversary of the grant date, and are not able to be sold for a
further two year period after vesting, making a five year period in
total. The Awards only vest to the extent the following performance
criteria are satisfied over the period from 1 October 2017 to 30
September 2020:
a. EPRA Net Asset Value performance (50% weighting) must
increase by more than 5.0% per annum for 25% vesting and must
increase by more than 12.0% per annum for 100% vesting.
b. Total Shareholder Return (50% weighting) must increase by
more than 5.0% per annum for 25% vesting and must increase by more
than 12.0% per annum for 100% vesting.
To the extent that the Awards vest, they will be exercisable
from vesting until 7 February 2028, assuming the participant
remains in the Company's employment;
2. No consideration is payable on the grant of the Awards; and
3. The notification of these Awards is intended to satisfy the
Company's obligations under DTR 3.1.
For further information please contact:
Heather Williams Tel. 020 7509 5555
Urban&Civic plc
The notifications below, made in accordance with the
requirements of the EU Market Abuse Regulations, provide further
detail:
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
(Disclosure in relation to award of share options)
1 Details of the person discharging managerial responsibilities / person closely associated
------------------------------------------------------------------------------------------------------------------
a) Name Nigel Hugill
-------------------------------------------------------- --------------------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------------------------------------
a) Position/status Director/PDMR
-------------------------------------------------------- --------------------------------------------------------
b) Initial notification /Amendment Initial notification
-------------------------------------------------------- --------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
------------------------------------------------------------------------------------------------------------------
a) Name Urban & Civic Plc
-------------------------------------------------------- --------------------------------------------------------
b) LEI N/A
-------------------------------------------------------- --------------------------------------------------------
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, type of 405,153 options over ordinary shares of 20 pence each
instrument in the capital of the Company
Identification code ISIN: GB00BKT04W07
-------------------------------------------------------- --------------------------------------------------------
b) Nature of the transaction Award of options
-------------------------------------------------------- --------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
nil 405,153
-------------------------------------------------------- --------------------------------------------------------
d) Aggregated information 405,153
- Aggregated volume nil
- Price
-------------------------------------------------------- --------------------------------------------------------
e) Date of the transaction 8 February 2018
-------------------------------------------------------- --------------------------------------------------------
f) Place of the transaction London
-------------------------------------------------------- --------------------------------------------------------
1 Details of the person discharging managerial responsibilities / person closely associated
------------------------------------------------------------------------------------------------------------------
a) Name Robin Butler
-------------------------------------------------------- --------------------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------------------------------------
a) Position/status Director/PDMR
-------------------------------------------------------- --------------------------------------------------------
b) Initial notification /Amendment Initial notification
-------------------------------------------------------- --------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
------------------------------------------------------------------------------------------------------------------
a) Name Urban & Civic Plc
-------------------------------------------------------- --------------------------------------------------------
b) LEI N/A
-------------------------------------------------------- --------------------------------------------------------
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, type of 405,153 options over ordinary shares of 20 pence each
instrument in the capital of the Company
Identification code ISIN: GB00BKT04W07
-------------------------------------------------------- --------------------------------------------------------
b) Nature of the transaction Award of options
-------------------------------------------------------- --------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
nil 405,153
-------------------------------------------------------- --------------------------------------------------------
d) Aggregated information 405,153
- Aggregated volume nil
- Price
-------------------------------------------------------- --------------------------------------------------------
e) Date of the transaction 8 February 2018
-------------------------------------------------------- --------------------------------------------------------
f) Place of the transaction London
-------------------------------------------------------- --------------------------------------------------------
1 Details of the person discharging managerial responsibilities / person closely associated
------------------------------------------------------------------------------------------------------------------
a) Name David Wood
-------------------------------------------------------- --------------------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------------------------------------
a) Position/status Director/PDMR
-------------------------------------------------------- --------------------------------------------------------
b) Initial notification /Amendment Initial notification
-------------------------------------------------------- --------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
------------------------------------------------------------------------------------------------------------------
a) Name Urban & Civic Plc
-------------------------------------------------------- --------------------------------------------------------
b) LEI N/A
-------------------------------------------------------- --------------------------------------------------------
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, type of 254,629 options over ordinary shares of 20 pence each
instrument in the capital of the Company
Identification code ISIN: GB00BKT04W07
-------------------------------------------------------- --------------------------------------------------------
b) Nature of the transaction Award of options
-------------------------------------------------------- --------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
nil 254,629
-------------------------------------------------------- --------------------------------------------------------
d) Aggregated information 254,629
- Aggregated volume nil
- Price
-------------------------------------------------------- --------------------------------------------------------
e) Date of the transaction 8 February 2018
-------------------------------------------------------- --------------------------------------------------------
f) Place of the transaction London
-------------------------------------------------------- --------------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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