Urban&Civic plc Director/PDMR Shareholding (0903D)
February 14 2020 - 6:16AM
UK Regulatory
TIDMUANC
RNS Number : 0903D
Urban&Civic plc
14 February 2020
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them in accordance with the Market Abuse
Regulations.
14 February 2020
Urban&Civic plc
David Wood has today exercised outstanding entitlements over
shares under the Company's Performance Share Plan and Deferred
Share Bonus Plan. He will settle the related option price and tax
withholding obligations from the proceeds of having sold on the
same date some of those shares to the Company's employee benefit
trust. He intends to retain the remaining shares. In summary the
transactions are as follows:
The following ordinary shares of 20 pence in Urban&Civic plc
will be delivered to him:
A) in order to satisfy the 2016 deferred annual bonus ("Deferred Bonus Awards 2016");
B) in order to satisfy the 2017 deferred annual bonus ("Deferred Bonus Awards 2017");
C) following the exercise of awards granted over ordinary shares
in the Company under the Company's Performance Share Plan in
September 2014 ("PSP Awards September 2014");
D) following the exercise of awards granted over ordinary shares
in the Company under the Company's Performance Share Plan in June
2016 ("PSP Awards June 2016"); and
E) following the exercise of awards granted over ordinary shares
in the Company under the Company's Performance Share Plan in
December 2016 ("PSP Awards December 2016").
PDMR DAVID WOOD
A
No. of shares delivered under Deferred
Bonus Awards 2016 11,760
-----------
B
No. of shares delivered under Deferred
Bonus Awards 2017 29,209
-----------
C
No. of shares delivered under PSP Awards
September 2014 11,492
-----------
D
No. of shares delivered under PSP Awards
June 2016 45,711
-----------
E
No. of shares delivered under PSP Awards
December 2016 86,088
-----------
TOTAL 184,260
-----------
A) 50% of the net annual bonus payable to the PDMR for the year
ended 30 September 2016 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 2016) and has
been held since 8 December 2018 on behalf of the PDMR by the
trustees of the Company's employee benefit trust ("EBT"), subject
to continued employment. Further details of these deferred bonuses
will be included in the next Directors' Remuneration Report.
B) 50% of the net annual bonus payable payable to the PDMR for
the year ended 30 September 2017 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) and
has been held since 5 December 2019 on behalf of the PDMR by the
trustees of the Company's employee benefit trust ("EBT"), subject
to continued employment. Further details of these deferred bonuses
will be included in the next Directors' Remuneration Report.
C) The PSP awards granted in September 2014 vested at 28.7% in December 2017.
D) The PSP awards granted in June 2016 vested at 59.7% in June 2019.
E) The PSP awards granted in December 2016 vested at 72.3% in December 2019.
The awards will be settled by a transfer of shares from the EBT
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 David Wood
------------------------------- ------------------------------------------
2 Reason for Notification
---------------------------------------------------------------------------
a) Position/status Finance Director
------------------------------- ------------------------------------------
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:
a) 2016 deferred annual bonus
b) 2017 deferred annual bonus
and following exercise of:
c) PSP awards granted in September
2014
d) PSP awards granted in June 2016
e) PSP awards granted in December 2016
------------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
a) nil a) 22,190
----------------
b) nil b) 55,113
----------------
c) GBP0.20 c) 22,960
----------------
d) nil d) 86,249
----------------
e) nil e) 162,432
----------------
------------------------------- ------------------------------------------
d) Aggregated information
* Aggregated volume 348,944
See above
* Price
------------------------------- ------------------------------------------
e) Date of the transaction 13 February 2020
------------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- ------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name David Wood
------------------------------- ---------------------------------------
2 Reason for Notification
------------------------------------------------------------------------
a) Position/status Finance Director
------------------------------- ---------------------------------------
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 Sale to the Company's employee benefit
trust
------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
360 pence 164,684
----------
------------------------------- ---------------------------------------
d) Aggregated information
* Aggregated volume 164,684
360 pence
* Price
------------------------------- ---------------------------------------
e) Date of the transaction 13 February 2020
------------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- ---------------------------------------
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END
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