TIDMUANC

RNS Number : 7103J

Urban&Civic plc

06 December 2018

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.

6 December 2018

Urban&Civic plc

Nigel Hugill on 5 December exercised outstanding entitlements over 75,000 shares under the Company's Deferred Share Bonus Plan and Performance Share Plan, on which he will settle the related option price and tax withholding obligation in cash. He intends to retain these shares.

The following ordinary shares of 20 pence in Urban&Civic plc will be delivered to him to satisfy the exercise of:

   A)   the 2015 deferred annual bonus award ("Deferred Bonus Award"); and

B) partial exercise of the award granted under the Company's Performance Share Plan in September 2014 ("PSP Award").

 
 PDMR            A                  B                  Total 
                  No. of shares      No. of shares 
                  delivered under    delivered under 
                  the Deferred       the PSP Award 
                  Bonus Award 
 Nigel Hugill    35,006             39,994             75,000 
                -----------------  -----------------  -------

A) 50% of the annual bonus payable to the PDMR for the year ended 30 September 2015 was deferred for a vesting period of two years (which ended on the second anniversary of the fourth dealing day after the announcement of results in November 2017), subject to continued employment. Further details of this deferred bonus will be included in the next Directors' Remuneration Report.

   B)    The PSP award granted in September 2014 vested at 28.7% in December 2017.

The awards will be settled by a transfer of shares from the Company's employee benefit trust to the PDMR above.

Details of the full notifications received by the Company are set out below.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Nigel Hugill 
     -------------------------------  -------------------------------------------- 
 2    Reason for Notification 
     ----------------------------------------------------------------------------- 
 a)   Position/status                  Chief Executive 
     -------------------------------  -------------------------------------------- 
 b)   Initial notification/Amendment   Initial Announcement 
     -------------------------------  -------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------------- 
 a)   Name                             Urban&Civic plc 
     -------------------------------  -------------------------------------------- 
 b)   LEI                              213800WL3TK2BJGFCY44 
     -------------------------------  -------------------------------------------- 
 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     Ordinary Shares of 20 pence each in 
       instrument, type of              Urban&Civic plc 
       instrument 
      Identification code              GB00BKT04W07 
     -------------------------------  -------------------------------------------- 
 b)   Nature of the transaction        Acquisition of shares in settlement 
                                        of the exercise of the 2015 deferred 
                                        annual bonus award(1) and partial exercise 
                                        of the 2014 PSP award(2). 
     -------------------------------  -------------------------------------------- 
 c)   Price(s) and volume(s)            Price(s)    Volume(s) 
                                         GBPnil      35,006(1) 
                                                    ---------- 
                                         GBP0.20     39,994(2) 
                                                    ---------- 
     -------------------------------  -------------------------------------------- 
 d)        Aggregated information 
             *    Aggregated volume      75,000 
                                         GBP7998.80 
 
 
             *    Price 
     -------------------------------  -------------------------------------------- 
 e)   Date of the transaction          5 December 2018 
     -------------------------------  -------------------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
     -------------------------------  --------------------------------------------

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 rns@lseg.com or visit www.rns.com.

END

DSHUNVORWUAURAA

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December 06, 2018 08:54 ET (13:54 GMT)

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