Metric Prop Inv PLC METP Director/PDMR Shareholding

  Metric Prop Inv PLC (METP) - Director/PDMR Shareholding

RNS Number : 0369R
Metric Property Investments PLC
13 November 2012
 



13 November 2012

                       METRIC PROPERTY INVESTMENTS PLC

               MATCHING SHARE PLAN ("MSP") - PURCHASE AND AWARD

Following the announcement on 9 November 2012 that Metric Property Investments
plc ("Metric"  or the  "Company")  and London  &  Stamford Property  plc  have 
reached agreement on the terms of a recommended merger (the "Merger"),  Andrew 
Jones, Valentine  Beresford, Mark  Stirling  and Sue  Ford, directors  of  the 
Company, have today  purchased ordinary shares  in the Company  at a price  of 
101.5 pence per share, in  accordance with the Company's  MSP and as shown  in 
the table below.

The shares acquired have been purchased using 50 per cent of the  individuals' 
retained bonuses after tax and national insurance.

Following this purchase,  and the  announcement of the  Merger, in  accordance 
with the Rules  of the MSP,  the Company's Remuneration  Committee has  agreed 
that the  above  Directors be  conditionally  awarded  a right  to  receive  a 
Matching Share Award equal to two times  the number of shares acquired at  nil 
consideration, as shown in the table below.

The awards will vest on the third anniversary of grant, subject to achievement
of the  performance conditions  and continued  employment or  earlier, at  the 
Remuneration Committee's discretion if the Merger becomes effective.

 

 

 

Director            Shares purchased Conditional Award  Resultant beneficial
                                                               holding
Andrew Jones             93,793           187,586             2,149,513
Valentine Beresford      60,689           121,378             2,170,382
Mark Stirling            60,689           121,378             1,595,382
Sue Ford                 41,931           83,862               118,739

 

 

                     This information is provided by RNS
           The company news service from the London Stock Exchange
 
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