Assura PLC Exercise of Nil Cost Options under VCP (5819P)
September 01 2017 - 5:30AM
UK Regulatory
TIDMAGR
RNS Number : 5819P
Assura PLC
01 September 2017
1 September 2017
Assura plc
Exercise of Nil Cost Options under VCP
Assura plc ("Assura"), the leading primary care property
investor and developer announces that on 31 August 2017, all PDMRs
and staff exercised the third and final element of their awards
(25% by number) of the Assura Group Value Creation Plan ("VCP")
which were exercisable under the Rules of the VCP.
The table below shows the number of nil cost options exercised
by PDMRs, the number of shares sold to satisfy Income Tax and
National Insurance liabilities and the number of shares they will
receive following the sale to satisfy Income Tax and national
insurance liabilities.
Number Number of Additional Number of
of shares sold shares shares after
Nil Cost to satisfy sold shares sold
Options Income Tax
exercised and National
Insurance
liabilities
----------------- ----------- -------------- ----------- --------------
Jonathan Murphy
(CEO) 1,288,355 (605,527) nil 682,828
----------------- ----------- -------------- ----------- --------------
Andrew Darke
(Property
Director) 1,472,406 (692,031) (439,490) 340,885
----------------- ----------- -------------- ----------- --------------
The Remuneration Committee of Assura had previously agreed that
sufficient shares may be sold by PDMRs to cover the arising Income
Tax and National Insurance liabilities. The relevant market price
for taxation purposes is 65.35 pence per share being the mid-market
price at close of business on 30 August 2017.
As a result of the above, the increases in the shareholdings of
the PDMRs are as follows:
Shareholding Shareholding
on post exercise
29 August 2017
------------------------ ---------------- ---------------
Jonathan Murphy (CEO) 1,640,346 2,323,174
------------------------ ---------------- ---------------
Andrew Darke (Property
Director) 1,159,115 1,500,000
------------------------ ---------------- ---------------
The Notification of Dealing Form for each PDMR can be found
below.
This notification is made in accordance with the Market Abuse
Regulation.
Notification of dealing form
1 Details of the person discharging managerial
responsibilities/person closely associated
--- -------------------------------------------------------------
a) Name Jonathan Murphy
--- ------------------------- ----------------------------------
2 Reason for the notification
--- -------------------------------------------------------------
a) Position/status CEO
--- ------------------------- ----------------------------------
b) Initial Initial notification
notification/
Amendment
--- ------------------------- ----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
--- -------------------------------------------------------------
a) Name Assura plc
--- ------------------------- ----------------------------------
b) LEI 21380026T19N2Y52XF72
--- ------------------------- ----------------------------------
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 Ordinary shares of 10 pence
of the each
financial
instrument,
type of
instrument
Identification GB00BVGBWW93
code
--- ------------------------- ----------------------------------
b) Nature
of the Vesting of share awards under
transaction VCP
--- ------------------------- ----------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ---------- -----------
GBPNIL
GBP 1,288,355
---------- -----------
--- ------------------------- ----------------------------------
d) Aggregated
information N/A
* Aggregated volume
* Price
--- ------------------------- ----------------------------------
e) Date of 31 August 2017
the transaction
--- ------------------------- ----------------------------------
f) Place of XLON
the transaction
--- ------------------------- ----------------------------------
a) Description Ordinary shares of 10 pence
of the each
financial
instrument,
type of
instrument
Identification GB00BVGBWW93
code
--- ------------------------- ----------------------------------
b) Nature Sale of 605,527 shares to satisfy
of the tax and national insurance
transaction liabilities.
--- ------------------------- ----------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ------------- ----------
GBP0.65057
GBP 605,527
------------- ----------
--- ------------------------- ----------------------------------
d) Aggregated
information N/A
* Aggregated volume
* Price
--- ------------------------- ----------------------------------
e) Date of 31 August 2017
the transaction
--- ------------------------- ----------------------------------
f) Place of XLON
the transaction
--- ------------------------- ----------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
--- -------------------------------------------------------------
a) Name Andrew Darke
--- ------------------------- ----------------------------------
2 Reason for the notification
--- -------------------------------------------------------------
a) Position/status Property Director
--- ------------------------- ----------------------------------
b) Initial Initial notification
notification/
Amendment
--- ------------------------- ----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
--- -------------------------------------------------------------
a) Name Assura plc
--- ------------------------- ----------------------------------
b) LEI 21380026T19N2Y52XF72
--- ------------------------- ----------------------------------
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 Ordinary shares of 10 pence
of the each
financial
instrument,
type of
instrument
Identification GB00BVGBWW93
code
--- ------------------------- ----------------------------------
b) Nature
of the Vesting of share awards under
transaction VCP
--- ------------------------- ----------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ---------- -----------
GBPNIL
GBP 1,472,406
---------- -----------
--- ------------------------- ----------------------------------
d) Aggregated
information N/A
* Aggregated volume
* Price
--- ------------------------- ----------------------------------
e) Date of 31 August 2017
the transaction
--- ------------------------- ----------------------------------
f) Place of XLON
the transaction
--- ------------------------- ----------------------------------
a) Description Ordinary shares of 10 pence
of the each
financial
instrument,
type of
instrument
Identification GB00BVGBWW93
code
--- ------------------------- ----------------------------------
b) Nature Sale of 1,131,521 shares, 692,031
of the of which are sold to satisfy
transaction tax and national insurance
liabilities.
--- ------------------------- ----------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ------------- -----------
GBP0.65057
GBP 1,131,521
------------- -----------
--- ------------------------- ----------------------------------
d) Aggregated
information N/A
* Aggregated volume
* Price
--- ------------------------- ----------------------------------
e) Date of 31 August 2017
the transaction
--- ------------------------- ----------------------------------
f) Place of XLON
the transaction
--- ------------------------- ----------------------------------
- Ends -
For more information, please contact:
Assura plc Tel: 01925 420660
Orla Ball
Finsbury Tel: 0207 251 3801
Gordon Simpson
Notes to Editors
Assura plc, a constituent of the FTSE 250 and the EPRA* indices,
is a UK REIT and long-term investor in and developer of primary
care property. The company, headquartered in Warrington, works with
GPs, health professionals and the NHS to create innovative property
solutions in order to facilitate delivery of high quality patient
care in the community. At 31 March 2017, Assura's property
portfolio was valued at GBP1,345 million.
Further information is available at www.assuraplc.com
*EPRA is a registered trademark of the European Public Real
Estate Association.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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