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.
| Circle Property Plc | +44 (0)207 930 8503 |
| John Arnold, CEO Edward Olins, COO | |
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| Cenkos Securities | +44 (0)207 397 8900 |
| Katy Birkin Mark Connelly |
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| Radnor Capital | +44 (0)203 897 1830 |
| Joshua Cryer Iain Daly | |
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| Camarco | +44 (0)203 757 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 instrument, type of instrument | Ordinary Shares of no par value | |
| | Identification code | JE00BYP0CK63 | |
| b) | Nature of the transaction | Purchase of Ordinary Shares | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
| £2.39 | 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 instrument, type of instrument | Ordinary Shares of no par value | |
| | Identification code | JE00BYP0CK63 | |
| b) | Nature of the transaction | Sale of Ordinary Shares | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
| £2.39 | 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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