REG - Circle Property PLC - Exercise of LTIP Awards and Issue of Equity

Circle PropertyAnnouncement

11/10/2022 15:15

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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.

 

 

 Circle Property Plc                               +44 (0)207 930 8503
 John Arnold, CEO

 Edward Olins, COO

 Cenkos Securities                                +44 (0)207 397 8900
 Katy Birkin

 Mark Connelly

 Radnor Capital                                   +44 (0)203 897 1830
 Joshua Cryer

 Iain Daly

 Camarco                                          +44 (0)203 757 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 instrument, type of instrument  Ordinary Shares of no par value
     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 instrument, type of instrument  Ordinary Shares of no par value
     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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