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 END RDSQXLFFLFFFFBB -0- Nov/13/2012 16:19 GMT
Metric Prop Inv PLC METP Director/PDMR Shareholding
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