Summit Germany Limited Director/PDMR Shareholding (0295P)
August 25 2017 - 7:00AM
UK Regulatory
TIDMSMTG
RNS Number : 0295P
Summit Germany Limited
25 August 2017
Summit Germany Limited
("Summit" or the "Company")
Director/PDMR Shareholdings
25 August 2017
Summit, the AIM-listed German commercial property investment
company, was today notified that on 24 August 2017, Itay Barlev and
Amir Sagy (through a company controlled by him) purchased a total
of 125,000 ordinary shares of nil par value ("Ordinary Shares") in
the capital of the Company at a price of EUR1.07 per Ordinary
Share. The consideration for these share purchases was satisfied by
the Company pursuant to the settlement of a bonus and a share award
respectively.
Following the transaction, Itay Barlev, Finance Director of the
Company, is beneficially interested in 25,000 Ordinary Shares,
representing approximately 0.005 per cent. of the Company's issued
share capital.
Following the transaction, Amir Sagy, director of a subsidiary
of the Company, is beneficially interested in 100,000 Ordinary
Shares, representing approximately 0.021 per cent. of the Company's
issued share capital.
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 Itay Barlev Amir Sagy
---- -------------------------- ------------------------------ ------------------------------
2. Reason for the Notification
---- ------------------------------------------------------------------------------------------
a) Position/status Finance Director Director of a subsidiary
of the Company
---- -------------------------- ------------------------------ ------------------------------
b) Initial Initial notification Initial notification
notification/
Amendment
---- -------------------------- ------------------------------ ------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- ------------------------------------------------------------------------------------------
a) Name Summit Germany Summit Germany Limited
Limited
---- -------------------------- ------------------------------ ------------------------------
b) LEI LEIN88968201612141054245932 LEIN88968201612141054245932
---- -------------------------- ------------------------------ ------------------------------
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 Ordinary shares of nil
of the of nil par value par value
Financial
instrument,
type
of instrument
----
Identification ISIN: GG00BJ4FZW09 ISIN: GG00BJ4FZW09
code
---- -------------------------- ------------------------------ ------------------------------
b) Nature Purchase of ordinary Purchase of ordinary
of the shares to satisfy shares to satisfy share
transaction share awards under awards under a Long
a Long Term Incentive Term Incentive Plan
Plan of the Company of the Company
---- -------------------------- ------------------------------ ------------------------------
c) Price(s) Price Volume Price Volume
and volume(s)
---- -------------------------- --------------- ------------- -------------- --------------
EUR1.07 25,000 EUR1.07 100,000
------------------------------- --------------- ------------- -------------- --------------
d) Aggregated Single transaction Single transaction as
information: as in 4c) above in 4c) above
* Aggregated volume 25,000 100,000
EUR1.07 EUR1.07
* Price
---- -------------------------- ------------------------------ ------------------------------
e) Date 24 August 2017 24 August 2017
of the
transaction
---- -------------------------- ------------------------------ ------------------------------
f) Place London Stock Exchange, London Stock Exchange,
of the AIM Market (XLON) AIM Market (XLON)
transaction
---- -------------------------- ------------------------------ ------------------------------
For further information please contact:
Summit Germany Limited Tel: +44 (0) 1481 700 300
Zohar Levy - Managing Director
Itay Barlev (Braun) - Finance Director
Non-Executive Chairman Tel: +44 (0) 20 7451 7050
Harry Hyman
Carey Group, Company Secretary Tel: +44 (0) 1481 700 300
Chris Le Page
Liberum Capital Limited, Nominated Adviser and Joint Broker Tel: +44 (0) 20 3100 2222
Chris Clarke / Jill Li
Cenkos Securities, Joint Broker Tel: +44 (0) 20 7397 8900
Ivonne Cantu
Russell Kerr / Selwyn Jones (Broking)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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