TIDMCRC

RNS Number : 5318C

Circle Property PLC

11 October 2022

11 October 2022

Circle Property Plc

("Circle" or the "Company")

Exercise of LTIP Awards and Issue of Equity

Circle Property Plc (AIM: CRC), which invests in, develops and actively manages well-located regional office assets, announces that on 11 October 2022, John Arnold, Chief Executive Officer and Edward Olins, Chief Operating Officer, exercised their rights to acquire, for nil consideration, 466,649 and 419,984 ordinary shares of no par value ("Ordinary Shares") respectively, under previously vested awards granted under the Circle Property plc 2016 Long Term Incentive Plan ("LTIP"). Details of the LTIP awards (as amended) were included in the announcement dated 14 February 2022.

The issue of 886,633 Ordinary Shares will be satisfied by 255,034 Ordinary Shares currently held in treasury and the issue of 631,599 new Ordinary Shares. Application has been made for 631,599 Ordinary Shares to be admitted to trading on AIM ("Admission"). Admission is expected to occur on 17 October 2022 and the Ordinary Shares will, on issue, rank pari passu in all respects with the Company's existing Ordinary Shares.

On Admission, the Company will have a total of 29,183,395 Ordinary Shares in issue with no Ordinary Shares held in treasury. The figure of 29,183,395 may be used by the Company's shareholders as the denominator in the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure, Guidance and Transparency Rules.

Following Admission, Mr Arnold will beneficially hold 1,503,047 Ordinary Shares and Mr Olins will beneficially hold 552,641 Ordinary Shares representing 5.15 per cent. and 1.89 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 
 

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                   Exercise of rights under LTIP 
                                                    awards pursuant to the Circle 
                                                    Property plc 2016 Long Term 
                                                    Incentive Plan 
      ------------------------------------------  ----------------------------------- 
 c)    Price(s) and volumes(s)                         Price(s)          Volume(s) 
      ------------------------------------------  -----------------  ---------------- 
                                 Nil                                      466,649 
  -----------------------------------------------------------------  ---------------- 
 d)    Aggregated information                      N/A single transaction 
      ------------------------------------------  ----------------------------------- 
  Aggregated volume                           N/A single transaction 
 ------------------------------------------  ---------------------------------------- 
  Price                                       N/A single transaction 
 ------------------------------------------  ---------------------------------------- 
 e)    Date of the transaction                     11 October 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                   Exercise of rights under LTIP 
                                                    awards pursuant to the Circle 
                                                    Property plc 2016 Long Term 
                                                    Incentive Plan 
      ------------------------------------------  ----------------------------------- 
 c)    Price(s) and volumes(s)                         Price(s)          Volume(s) 
      ------------------------------------------  -----------------  ---------------- 
                                 Nil                                      419,984 
  -----------------------------------------------------------------  ---------------- 
 d)    Aggregated information                      N/A single transaction 
      ------------------------------------------  ----------------------------------- 
  Aggregated volume                           N/A single transaction 
 ------------------------------------------  ---------------------------------------- 
  Price                                       N/A single transaction 
 ------------------------------------------  ---------------------------------------- 
 e)    Date of the transaction                     11 October 2022 
      ------------------------------------------  ----------------------------------- 
 f)    Place of the transaction                    XOFF 
      ------------------------------------------  ----------------------------------- 
 

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END

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October 11, 2022 10:03 ET (14:03 GMT)

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