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Urban&Civic Plc (UANC)

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Friday 07 December, 2018

Urban&Civic Plc

Director/PDMR Shareholding

RNS Number : 8646J
Urban&Civic plc
07 December 2018
 

7 December 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 7 December 2018:

 

Name

Total Awards granted on 7 December 2018

Total Awards outstanding on 7 December 2018

Nigel Hugill, Chief Executive

443,359

1,455,260

Robin Butler, Managing Director

443,359

1,495,254

David Wood

177,336

824,061

 

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 2018 to 30 September 2021:

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 6 December 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  

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 instrument, type of instrument 

Identification code 

443,359 options over ordinary shares of 20 pence each in the capital of the Company

 ISIN: GB00BKT04W07

b)

Nature of the transaction 

Award of options

c)

Price(s) and volume(s)

 

 Price(s) 

Volume(s)

nil

443,359

 

d)

 

Aggregated information 

- Aggregated volume

- Price

 

443,359

 nil

e)

Date of the transaction 

7 December 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  

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 instrument, type of instrument 

Identification code 

443,359 options over ordinary shares of 20 pence each in the capital of the Company

 ISIN: GB00BKT04W07

b)

Nature of the transaction 

Award of options

c)

Price(s) and volume(s)

 

 Price(s) 

Volume(s)

nil

443,359

 

d)

 

Aggregated information 

- Aggregated volume

- Price

 

443,359

 nil

e)

Date of the transaction 

7 December 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  

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 instrument, type of instrument 

Identification code 

177,336 options over ordinary shares of 20 pence each in the capital of the Company

 ISIN: GB00BKT04W07

b)

Nature of the transaction 

Award of options

c)

Price(s) and volume(s)

 

 Price(s) 

Volume(s)

nil

177,336

 

d)

 

Aggregated information 

- Aggregated volume

- Price

 

177,336

nil

e)

Date of the transaction 

7 December 2018

f)

Place of the transaction 

London

 


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