FOR IMMEDIATE RELEASE
04 March 2020
London & Associated Properties PLC ("LAP" or the "Company")
Director/PDMR Shareholding
The Company has today been notified that on 24 February 2020, Mr Clive Parritt (a non-executive director of the Company), sold 10,810 ordinary shares of 10 pence each in the Company ("Ordinary Shares") for a consideration of 20p per Ordinary Share. He then purchased for his personal ISA account 10,810 ordinary shares of 10 pence each for a consideration of 20p per Ordinary Share (“the Transactions”)
Following the Transactions Mr Clive Parritt and his family’s holding remains unchanged at 36,168 shares in the company representing 0.04% of the issued share capital net of Treasury shares.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further details of the Transactions.
| 1 |
Details of the person discharging managerial responsibilities / person closely associated |
| a) |
Name |
Mr Clive Parritt |
| 2 |
Reason for the notification |
| a) |
Position/status
|
Mr Clive Parritt is a non-executive director of the Company |
| b) |
Initial notification /Amendment |
Initial notification |
| 3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
| a) |
Name |
London & Associated Properties PLC |
| b) |
LEI
|
213800GLCG54Q578EX51 |
| 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
Identification code |
Ordinary shares of 10 pence each in the Company (“Ordinary Shares”)
GB0001012045 |
| b) |
Nature of the transactions |
Sale of Ordinary Shares by Mr Clive Parritt and subsequent purchase of Ordinary Shares into his personal ISA account. As a result of the Transactions his family holdings remain the same. |
c) |
Price(s) and volume(s)
|
| Price(s) |
Volume(s) |
20p per share – sale
20p per share - purchase |
10,810 Ordinary Shares
10,810 Ordinary Shares |
|
| d) |
Aggregated information
- Aggregated volume
- Price |
N/A |
| e) |
Date of the transaction |
24/02/2020 |
| f) |
Place of the transaction
|
LSE |
Contact: Jonathan Mintz, Company Secretary 020 7415 5000