Circle Property PLC Result of GM and Vesting/Lapsing of LTIP Awards (2239E)
09 Marzo 2022 - 8:06AM
UK Regulatory
TIDMCRC
RNS Number : 2239E
Circle Property PLC
09 March 2022
9 March 2022
Circle Property Plc
("Circle" or the "Company")
Result of General Meeting and Vesting/Lapsing of LTIP Awards
Circle Property Plc (AIM: CRC), which invests in, develops and
actively manages well-located regional office assets, is pleased to
announce that both resolutions put to shareholders at the Company's
General Meeting held today were duly passed.
The total votes were cast as follows:
Resolution For % Against %
1 16,086,286 99.9 1,040 0.01
----------- ----- -------- -----
2 16,086,326 99.9 1,000 0.01
----------- ----- -------- -----
The disposal of Kents Hill Park Conference Centre, as detailed
in the circular sent to shareholders on 14 February 2022 (the
"Circular"), is expected to complete on 25 March 2022.
In addition, as detailed in the Circular and the announcement
dated 14 February 2022, under the revised remuneration arrangements
for the executive directors, the Board has determined that
previously unvested LTIP awards granted in 2019 and 2020 vested to
a limited extent on 8 March 2022.
The 2019 LTIP awards vested at 43.75% (based on performance
conditions) in the following amounts: John Arnold (Chief Executive)
68,621 ordinary shares; and Edward Olins (Chief Operating Officer)
61,453 ordinary shares. The 2020 LTIP awards vested at 25.00%
(based on performance conditions) in the following amounts: John
Arnold - 19,509 ordinary shares; and Edward Olins - 17,558 ordinary
shares.
The executive directors now have the right to be issued with the
ordinary shares awarded (for nil consideration) although such
issues have not yet occurred and remain subject to the exercise by
the directors of their right.
The unvested LTIP awards granted in 2021 to the executive
directors have lapsed in full and no further awards shall be
granted under the LTIP in 2022 or going forwards.
The notifications below, made in accordance with the
requirements of the UK Market Abuse Regulation, provide further
detail.
Enquiries:
+44 (0)20 7930
Circle Property Plc 8503
John Arnold, CEO
Edward Olins, COO
Cenkos Securities plc +44 (0)20 7397 8900
Katy Birkin
Mark Connelly
Radnor Capital
Joshua Cryer
Iain Daly +44 (0)20 3897 1830
Camarco +44 (0)20 3757 4980
Ginny Pulbrook
Toby Strong
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 John Arnold
---------------------------------------- -----------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------
a) Position/status Chief Executive Officer
---------------------------------------- -----------------------------------
b) Initial notification/Amendment Initial Notification
---------------------------------------- -----------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------
a) Name Circle Property plc
---------------------------------------- -----------------------------------
b) LEI 213800THDWL3FB11M760
---------------------------------------- -----------------------------------
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 Ordinary Shares of no par value
instrument, type of instrument
---------------------------------------- -----------------------------------
Identification code JE00BYP0CK63
---------------------------------------- -----------------------------------
b) Nature of the transaction Vesting of options to acquire
Ordinary Shares under awards
granted in 2019
---------------------------------------- -----------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
---------------------------------------- ----------------- ----------------
Nil 68,621
--------------------------------------------------------------- ----------------
d) Aggregated information N/A single transaction
---------------------------------------- -----------------------------------
Aggregated volume N/A single transaction
---------------------------------------- ----------------------------------------
Price N/A single transaction
---------------------------------------- ----------------------------------------
e) Date of the transaction 8 March 2022
---------------------------------------- -----------------------------------
f) Place of the transaction XOFF
---------------------------------------- -----------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Edward Olins
---------------------------------------- -----------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------
a) Position/status Chief Operating Officer
---------------------------------------- -----------------------------------
b) Initial notification/Amendment Initial Notification
---------------------------------------- -----------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------
a) Name Circle Property plc
---------------------------------------- -----------------------------------
b) LEI 213800THDWL3FB11M760
---------------------------------------- -----------------------------------
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 Ordinary Shares of no par value
instrument, type of instrument
---------------------------------------- -----------------------------------
Identification code JE00BYP0CK63
---------------------------------------- -----------------------------------
b) Nature of the transaction Vesting of options to acquire
Ordinary Shares under awards
granted in 2019
---------------------------------------- -----------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
---------------------------------------- ----------------- ----------------
Nil 61,453
--------------------------------------------------------------- ----------------
d) Aggregated information N/A single transaction
---------------------------------------- -----------------------------------
Aggregated volume N/A single transaction
---------------------------------------- ----------------------------------------
Price N/A single transaction
---------------------------------------- ----------------------------------------
e) Date of the transaction 8 March 2022
---------------------------------------- -----------------------------------
f) Place of the transaction XOFF
---------------------------------------- -----------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name John Arnold
---------------------------------------- -----------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------
a) Position/status Chief Executive Officer
---------------------------------------- -----------------------------------
b) Initial notification/Amendment Initial Notification
---------------------------------------- -----------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------
a) Name Circle Property plc
---------------------------------------- -----------------------------------
b) LEI 213800THDWL3FB11M760
---------------------------------------- -----------------------------------
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 Ordinary Shares of no par value
instrument, type of instrument
---------------------------------------- -----------------------------------
Identification code JE00BYP0CK63
---------------------------------------- -----------------------------------
b) Nature of the transaction Vesting of options to acquire
Ordinary Shares under awards
granted in 2020
---------------------------------------- -----------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
---------------------------------------- ----------------- ----------------
Nil 19,509
--------------------------------------------------------------- ----------------
d) Aggregated information N/A single transaction
---------------------------------------- -----------------------------------
Aggregated volume N/A single transaction
---------------------------------------- ----------------------------------------
Price N/A single transaction
---------------------------------------- ----------------------------------------
e) Date of the transaction 8 March 2022
---------------------------------------- -----------------------------------
f) Place of the transaction XOFF
---------------------------------------- -----------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Edward Olins
---------------------------------------- -----------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------
a) Position/status Chief Operating Officer
---------------------------------------- -----------------------------------
b) Initial notification/Amendment Initial Notification
---------------------------------------- -----------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------
a) Name Circle Property plc
---------------------------------------- -----------------------------------
b) LEI 213800THDWL3FB11M760
---------------------------------------- -----------------------------------
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 Ordinary Shares of no par value
instrument, type of instrument
---------------------------------------- -----------------------------------
Identification code JE00BYP0CK63
---------------------------------------- -----------------------------------
b) Nature of the transaction Vesting of options to acquire
Ordinary Shares under awards
granted in 2020
---------------------------------------- -----------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
---------------------------------------- ----------------- ----------------
Nil 17,558
--------------------------------------------------------------- ----------------
d) Aggregated information N/A single transaction
---------------------------------------- -----------------------------------
Aggregated volume N/A single transaction
---------------------------------------- ----------------------------------------
Price N/A single transaction
---------------------------------------- ----------------------------------------
e) Date of the transaction 8 March 2022
---------------------------------------- -----------------------------------
f) Place of the transaction XOFF
---------------------------------------- -----------------------------------
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END
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March 09, 2022 09:06 ET (14:06 GMT)
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