St. Modwen Properties PLC Treatment of Clarke and Leavesley shareholdings (9907Z)
December 22 2017 - 4:00AM
UK Regulatory
TIDMSMP
RNS Number : 9907Z
St. Modwen Properties PLC
22 December 2017
22(nd) December 2017
ST. MODWEN PROPERTIES PLC
Treatment of Clarke and Leavesley family shareholdings
St. Modwen Properties PLC (the "Company") has for a number of
years aggregated the shares held by members of the Clarke and
Leavesley families and presented them as either "Simon Clarke and
connected parties" or "J.D. Leavesley and connected parties".
Following successive sales of shares in the Company by various
members of the Clarke and Leavesley families, as well as the
passage of time, the Company no longer intends to treat the
shareholdings of each member of the Leavesley family in terms of
"J.D. Leavesley and connected parties", but instead intends to
present the shareholding of each member of the Leavesley family
individually. This may mean that there will be no notification to
the public of any changes in the shareholdings of the individual
members of the Leavesley family.
Given Simon Clarke's role as a non-executive director of the
Company, and the proximity of each member of the Clarke family to
each other, the Company intends to continue to present the
shareholdings of each member of the Clarke family collectively, as
"Simon Clarke and connected parties".
The Company understands that the number of shares in the Company
currently held by Simon Clarke and connected parties is 15,175,196
(6.82 per cent. of the Company's issued share capital). Following
the change to the way in which the Company intends to present the
shareholdings of each member of the Leavesley family as set out in
this announcement, the Company understands that the individual
members of the Leavesley family do not currently hold any shares in
the Company which are required to be disclosed in accordance with
DTR 5.1.2.
Enquiries:
St. Modwen Properties PLC Tel: 0121 222 9400
Andrew Eames, General Counsel & Company Secretary (Interim) www.stmodwen.co.uk
Kathryn Edwards, Interim Head of Corporate Communications
FTI Consulting Tel: 020 3727 1000
Dido Laurimore stmodwen@fticonsulting.com
Tom Gough
Ellie Sweeney
LEI: 213800WMV4WVES8TQH05
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCFEEFMSFWSEIE
(END) Dow Jones Newswires
December 22, 2017 04:00 ET (09:00 GMT)
St.modwen Properties (LSE:SMP)
Historical Stock Chart
From Apr 2024 to May 2024
St.modwen Properties (LSE:SMP)
Historical Stock Chart
From May 2023 to May 2024