Ground Rents Inc Fnd - Director/PDMR Shareholding
12/09/2024 10:45
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RNS Number : 9626D Ground Rents Income Fund PLC 12 September 2024
Ground Rents Income Fund plc
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them
The Company has received notification from Barry Gordon Gilbertson, a director
of the Company, that LGT Wealth Management UK LLP ("LGT Vestra") erroneously
sold 38,813 shares in the Company held by Professor Gilbertson on 27 June
2024. In discovering and confirming their error on 10 September 2024, LGT
Vestra made a corrective repurchase of the same number of shares on 10
September 2024, to which this notification relates. Although LGT Vestra and
Professor Gilbertson have a discretionary investment management agreement,
there was a standing instruction in place specifically not to trade in the
Company's shares on his behalf unless explicitly instructed. No such explicit
instruction was given. This sale and repurchase does not represent any
intention for Professor Gilbertson to sell his shares in the Company.
The details of the trades are as follows:
(i) an erroneous sale of 38,813 shares at 28.67 pence on 27
June 2024; and
(ii) a corrective repurchase of 38,813 shares at 26.13 pence
on 10 September 2024.
Following the transactions, there has been no change to the number of shares
in the Company held by Barry Gordon Gilbertson.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Barry Gordon Gilbertson
2 Reason for the notification
a) Position/status Director
b) Initial notification/amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Ground Rents Income Fund plc
b) LEI 213800SL3SN8P6XCLM37
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
(i) place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of 50 pence each
Identification code
ISIN: GB00B715WG26
b) Nature of the transaction Shares sold in error by the director's Wealth Manager
c) Price(s) and volume(s)
Price(s) Volume(s)
28.67 pence 38,813
d) Aggregated information £11,127.69
e) Date of the transaction 27 June 2024
f) Place of the transaction London Stock Exchange (XLON)
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
(ii) place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of 50 pence each
Identification code
ISIN: GB00B715WG26
b) Nature of the transaction Repurchase of shares sold in error by the director's Wealth Manager
c) Price(s) and volume(s)
Price(s) Volume(s)
26.13 pence 38,813
d) Aggregated information £10,194.67
e) Date of the transaction 10 September 2024
f) Place of the transaction London Stock Exchange (XLON)
d)
Aggregated information
£11,127.69
e)
Date of the transaction
27 June 2024
f)
Place of the transaction
London Stock Exchange (XLON)
4
(ii)
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 50 pence each
ISIN: GB00B715WG26
b)
Nature of the transaction
Repurchase of shares sold in error by the director's Wealth Manager
c)
Price(s) and volume(s)
Price(s) Volume(s)
26.13 pence 38,813
d)
Aggregated information
£10,194.67
e)
Date of the transaction
10 September 2024
f)
Place of the transaction
London Stock Exchange (XLON)
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