TIDMCRC

RNS Number : 4854L

Circle Property PLC

13 May 2022

13 May 2022

Circle Property Plc

("Circle" or the "Company")

Director/PDMR Shareholding

Circle Property Plc (AIM: CRC), which invests in, develops and actively manages well-located regional office assets, announces that it has been notified that John Arnold, Chief Executive Officer, has today acquired 6,276 ordinary shares of no par value in the Company ("Ordinary Shares") at 239 pence per Ordinary Share. Simultaneously, Edward Olins, Chief Operating Officer, today sold 6,276 Ordinary Shares at 239 pence per Ordinary Share.

Following these transactions, Mr Arnold beneficially holds 1,036,398 Ordinary Shares and Mr Olins beneficially holds 132,657 Ordinary Shares representing 3.66 per cent. and 0.47 per cent. of the Company's issued share capital, respectively.

 
                         +44 (0)207 930 
 Circle Property Plc      8503 
 John Arnold, CEO 
  Edward Olins, COO 
 
 
                        +44 (0)207 397 
 Cenkos Securities       8900 
 Katy Birkin 
  Mark Connelly 
 
 
                        +44 (0)203 897 
 Radnor Capital          1830 
 Joshua Cryer 
  Iain Daly 
 
 
                        +44 (0)203 757 
 Camarco                 4992 
 Ginny Pulbrook 
  Toby Strong 
 

About Circle Property Plc

Circle is the top performing quoted UK real estate company by NAV total return (NAV growth and dividend) over the last 3 years.

Circle focusses on acquiring assets in regional cities, many of which have significant office supply constraints, and on office assets with active management potential (refurbishment opportunities, under-rented or vacant properties or short leases), rather than just maximising initial rental yields.

Circle is not a Real Estate Investment Trust (REIT) and can actively recycle proceeds from asset sales into its refurbishment and redevelopment pipeline, as well as future investment opportunities, therefore targeting a broader range of returns for shareholders, which are primarily driven by NAV growth.

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                   Purchase of Ordinary Shares 
      ------------------------------------------  ----------------------------------- 
 c)    Price(s) and volumes(s)                         Price(s)          Volume(s) 
      ------------------------------------------  -----------------  ---------------- 
                               GBP2.39                                     6,276 
  -----------------------------------------------------------------  ---------------- 
 d)    Aggregated information                      N/A single transaction 
      ------------------------------------------  ----------------------------------- 
  Aggregated volume                           N/A single transaction 
 ------------------------------------------  ---------------------------------------- 
  Price                                       N/A single transaction 
 ------------------------------------------  ---------------------------------------- 
 e)    Date of the transaction                     13 May 2022 
      ------------------------------------------  ----------------------------------- 
 f)    Place of the transaction                    London Stock Exchange (XLON) 
      ------------------------------------------  ----------------------------------- 
 
 
 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                   Sale of Ordinary Shares 
      ------------------------------------------  ----------------------------------- 
 c)    Price(s) and volumes(s)                         Price(s)          Volume(s) 
      ------------------------------------------  -----------------  ---------------- 
                               GBP2.39                                     6,276 
  -----------------------------------------------------------------  ---------------- 
 d)    Aggregated information                      N/A single transaction 
      ------------------------------------------  ----------------------------------- 
  Aggregated volume                           N/A single transaction 
 ------------------------------------------  ---------------------------------------- 
  Price                                       N/A single transaction 
 ------------------------------------------  ---------------------------------------- 
 e)    Date of the transaction                     13 May 2022 
      ------------------------------------------  ----------------------------------- 
 f)    Place of the transaction                    London Stock Exchange (XLON) 
      ------------------------------------------  ----------------------------------- 
 

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END

DSHLXLFFLELLBBF

(END) Dow Jones Newswires

May 13, 2022 08:23 ET (12:23 GMT)

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