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
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
RDSQXLFFLFFFFBB -0- Nov/13/2012 16:19 GMT
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