+44 (0)207 415 5000
2nd Floor, 12 Little Portland Street, London, W1W 8BJ
FOR IMMEDIATE RELEASE
04 March 2020
London & Associated Properties PLC (“LAP” or the “Company”)
Director/PDMR Shareholding
The Company has today been notified that on 24 February 2020, Mr Clive Parritt (a non-executive director of the Company), sold 10,810 ordinary shares of 10 pence each in the Company (“Ordinary Shares”) for a consideration of 20p per Ordinary Share. He then purchased for his personal ISA account 10,810 ordinary shares of 10 pence each for a consideration of 20p per Ordinary Share (“the Transactions”)
Following the Transactions Mr Clive Parritt and his family’s holding remains unchanged at 36,168 shares in the company representing 0.04% of the issued share capital net of Treasury shares.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further details of the Transactions.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Mr Clive Parritt |
| 2 | Reason for the notification | |
| a) | Position/status | Mr Clive Parritt is a non-executive director of the Company |
| b) | Initial notification /Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | London & Associated Properties PLC |
| b) | LEI | 213800GLCG54Q578EX51 |
| 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 Identification code | Ordinary shares of 10 pence each in the Company (“Ordinary Shares”) GB0001012045 |
| b) | Nature of the transactions | Sale of Ordinary Shares by Mr Clive Parritt and subsequent purchase of Ordinary Shares into his personal ISA account. As a result of the Transactions his family holdings remain the same. |
| c) | Price(s) and volume(s) | Price(s) Volume(s) 20p per share – sale 20p per share – purchase 10,810 Ordinary Shares 10,810 Ordinary Shares |
| d) | Aggregated information – Aggregated volume – Price | N/A |
| e) | Date of the transaction | 24/02/2020 |
| f) | Place of the transaction | LSE |
Contact: Jonathan Mintz, Company Secretary 020 7415 5000