Shaftesbury PLC (the "Company")
Director/PDMR shareholding
The following awards within the Deferred Annual Share Bonus Scheme ("DASBS") and Long-Term Incentive Plan ("LTIP") were exercised on 3 March 2023 by Directors of the Company.
Exercise of awards under the DASBS
Following the granting of awards to the Directors under the DASBS in December 2021, the below awards were exercised on 3 March 2023, following the Court sanctioning the scheme of arrangement under Part 26 of the Companies Act 2006 (the "Scheme") to implement the all share merger of Shaftesbury PLC and Capital & Counties Properties PLC (the "Merger").
| Name | Number of awards exercised |
| Brian Bickell | 107,858 |
| Simon Quayle | 76,014 |
| Tom Welton | 76,014 |
| Chris Ward | 79,096 |
On exercise, the awards under the DASBS are subject to income tax and national insurance. Sufficient shares in the combined group, will be sold to cover the Directors' tax and national insurance liabilities following completion of the Merger.
Full details on the DASBS scheme may be found in the Company's Annual Reports.
Exercise of awards under the 2020 and 2022 LTIP
The vesting of LTIP awards made in 2020 and 2022 were exercised on 3 March 2023, following the Remuneration Committee's determination as to their performance and the Court sanctioning the Scheme.
| Name | Number of awards exercised under 2020 LTIP | Number of awards exercised under 2022 LTIP |
| Brian Bickell | 60,528 | 58,934 |
| Simon Quayle | 42,658 | 41,530 |
| Tom Welton | 42,658 | 41,530 |
| Chris Ward | 44,387 | 43,211 |
On exercise, the awards under the LTIP are subject to income tax and national insurance. Sufficient shares in the combined group will be sold to cover the Directors' tax and national insurance liabilities following completion of the Merger.
Full details on the LTIP scheme may be found in the Company's Annual Report.
Desna Martin
Company Secretary
3 March 2023
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
| a)
| Name | Brian Bickell | |||
| 2
| Reason for the notification | ||||
| a)
| Position/status | Chief Executive | |||
| b)
| Initial notification /Amendment | Initial notification | |||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
| a)
| Name
| Shaftesbury PLC | |||
| b)
| LEI | 213800N7LHKFNTDKAT98 | |||
| 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 25p | |||
| | | ||||
| Identification code | GB0007990962 | ||||
| | | ||||
| b)
| Nature of the transaction | Exercise of awards under the Company's Deferred Annual Share Bonus Scheme and LTIP. | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | Nil-cost | 227,320 | | |
|
| | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | 227,320 | ||||
| | | ||||
| - Price | Nil-cost | ||||
| | | ||||
| e)
| Date of the transaction | 3 March 2023 | |||
| f)
| Place of the transaction
| London Stock Exchange | |||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
| a)
| Name | Simon Quayle | |||
| 2
| Reason for the notification
| ||||
| a)
| Position/status | Executive Director | |||
| b)
| Initial notification /Amendment
| Initial notification | |||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
| a)
| Name
| Shaftesbury PLC | |||
| b)
| LEI | 213800N7LHKFNTDKAT98 | |||
| 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 25p | |||
| | | ||||
| Identification code | GB0007990962 | ||||
| | | ||||
| b)
| Nature of the transaction | Exercise of awards granted under the Company's Deferred Annual Share Bonus Scheme and LTIP. | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | Nil-cost | 160,202 | | |
|
| | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | 160,202 | ||||
| | | ||||
| - Price | Nil cost | ||||
| | | ||||
| e)
| Date of the transaction | 3 March 2023 | |||
| f)
| Place of the transaction
| London Stock Exchange | |||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
| a)
| Name | Tom Welton | |||
| 2
| Reason for the notification
| ||||
| a)
| Position/status | Executive Director | |||
| b)
| Initial notification /Amendment
| Initial notification | |||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
| a)
| Name
| Shaftesbury PLC | |||
| b)
| LEI | 213800N7LHKFNTDKAT98 | |||
| 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 25p | |||
| | | ||||
| Identification code | GB0007990962 | ||||
| | | ||||
| b)
| Nature of the transaction | Exercise of awards granted under the Company's Deferred Annual Share Bonus Scheme and LTIP. | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | Nil-cost | 160,202 | | |
|
| | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | 160,202 | ||||
| | | ||||
| - Price | Nil-cost | ||||
| | | ||||
| e)
| Date of the transaction | 3 March 2023 | |||
| f)
| Place of the transaction
| London Stock Exchange | |||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
| a)
| Name | Chris Ward | |||
| 2
| Reason for the notification
| ||||
| a)
| Position/status | Chief Financial Officer | |||
| b)
| Initial notification /Amendment
| Initial notification | |||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
| a)
| Name
| Shaftesbury PLC | |||
| b)
| LEI | 213800N7LHKFNTDKAT98 | |||
| 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 25p | |||
| | | ||||
| Identification code | GB0007990962 | ||||
| | | ||||
| b)
| Nature of the transaction | Exercise of awards granted under the Company's Deferred Annual Share Bonus Scheme and LTIP. | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | Nil-cost | 166,694 | | |
|
| | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | 166,694 | ||||
| | | ||||
| - Price | Nil-cost | ||||
| | | ||||
| e)
| Date of the transaction | 3 March 2023 | |||
| f)
| Place of the transaction
| London Stock Exchange | |||
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