Director/PDMR Shareholding

RNS Number : 0295P

Summit Germany Limited

25 August 2017

 

Summit Germany Limited

("Summit" or the "Company")

Director/PDMR Shareholdings

25 August 2017

Summit, the AIM-listed German commercial property investment company, was today notified that on 24 August 2017, Itay Barlev and Amir Sagy (through a company controlled by him) purchased a total of 125,000 ordinary shares of nil par value ("Ordinary Shares") in the capital of the Company at a price of €1.07 per Ordinary Share. The consideration for these share purchases was satisfied by the Company pursuant to the settlement of a bonus and a share award respectively. 

Following the transaction, Itay Barlev, Finance Director of the Company, is beneficially interested in 25,000 Ordinary Shares, representing approximately 0.005 per cent. of the Company's issued share capital.

Following the transaction, Amir Sagy, director of a subsidiary of the Company, is beneficially interested in 100,000 Ordinary Shares, representing approximately 0.021 per cent. of the Company's issued share capital.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Itay Barlev		Amir Sagy
2.	Reason for the Notification
a)	Position/status	Finance Director		Director of a subsidiary of the Company
b)	Initial notification/ Amendment	Initial notification		Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Summit Germany Limited		Summit Germany Limited
b)	LEI	LEIN88968201612141054245932		LEIN88968201612141054245932
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 instrument	Ordinary shares of nil par value		Ordinary shares of nil par value
	Identification code	ISIN: GG00BJ4FZW09		ISIN: GG00BJ4FZW09
b)	Nature of the transaction	Purchase of ordinary shares to satisfy share awards under a Long Term Incentive Plan of the Company		Purchase of ordinary shares to satisfy share awards under a Long Term Incentive Plan of the Company
c)	Price(s) and volume(s)	Price	Volume	Price	Volume
		€1.07	25,000	€1.07	100,000
d)	Aggregated information: ·Aggregated volume ·Price	Single transaction as in 4c) above 25,000 €1.07		Single transaction as in 4c) above 100,000 €1.07
e)	Date of the transaction	24 August 2017		24 August 2017
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)		London Stock Exchange, AIM Market (XLON)

For further information please contact:

Summit Germany Limited                                                                                   Tel: [phone]

Zohar Levy - Managing Director

Itay Barlev (Braun) - Finance Director

Non-Executive Chairman                                                                                    Tel: [phone]

Harry Hyman

Carey Group, Company Secretary                                                                   Tel: [phone]

Chris Le Page

Liberum Capital Limited, Nominated Adviser and Joint Broker             Tel: [phone]

Chris Clarke / Jill Li

Cenkos Securities, Joint Broker                                                                        Tel: [phone]

Ivonne Cantu

Russell Kerr / Selwyn Jones (Broking)

 

END

 

 

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