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INTU PROPERTIES PLC - Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

Release Date: 30/03/2016 11:30
Code(s): ITU     PDF:  
Wrap Text
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

 INTU PROPERTIES PLC
 (Registration number UK3685527)
 ISIN Code: GB0006834344
 JSE Code: ITU

 NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING
 MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS

1.    Name of the issuer                                     2.    State whether the notification relates to (i) a transaction
                                                                   notified in accordance with DTR 3.1.2 R, (ii) a
      INTU PROPERTIES PLC                                          disclosure made in accordance with section 793 of the
                                                                   Companies Act 2006, or (iii) in accordance with
                                                                   paragraph 26 of the Model Code

                                                                   TRANSACTION NOTIFIED IN ACCORDANCE
                                                                   WITH DTR 3.1.2R
3.    Name of person discharging managerial                  4     State whether notification relates to a person connected
      responsibilities/director                                    with a person discharging managerial
                                                                   responsibilities/director named in 3 and identify the
      JOHN WHITTAKER                                               connected person

                                                                   PEEL CHAPEL NO.1 LIMITED
                                                                   PEEL CHAPEL NO.2 LIMITED
                                                                   PEEL CHAPEL NO.3 LIMITED

5.    Indicate whether the notification is in respect of a   6.    Description of shares (including class), debentures or
      holding of the person referred to in 3 or 4 above or         derivatives or financial instruments relating to shares
      in respect of a non-beneficial interest1

      BENEFICIAL  HOLDING OF PERSONS                               ORDINARY SHARES OF 50P
      MENTIONED IN BOX 4 ABOVE

7.    Name of registered shareholder(s) and, if more         8.    State the nature of the transaction
      than one, the number of shares held by each of
      them                                                         INTRA-GROUP TRANSFER OF 6,500,000 SHARES
                                                                   (THE “TRANSFERRED SHARES”) BY RULEGATE
      CHEMBANK NOMINEES LIMITED                                    NOMINEES LIMITED (IN RESPECT OF LEGAL
                                                                   TITLE) AND ALBRIGHT INVESTMENTS LIMITED
                                                                   (IN RESPECT OF THE BENEFICIAL TITLE) TO
                                                                   CHEMBANK NOMINEES LIMITED TO HOLD FOR
                                                                   THE COMPANIES MENTIONED IN BOX 4 ABOVE,
                                                                   AS FOLLOWS:

                                                                         (A) PEEL CHAPEL NO.1 LIMITED: 2,166,666
                                                                             SHARES;
                                                                         (B) PEEL CHAPEL NO.2 LIMITED: 2,166,668
                                                                             SHARES; AND
                                                                         (C) PEEL CHAPEL NO.3 LIMITED: 2,166,666
                                                                             SHARES.

9.    Number of shares, debentures or financial              10.   Percentage of issued class acquired (treasury shares of
      instruments relating to shares acquired                      that class should not be taken into account when
                                                                   calculating percentage)
      6,500,000 ORDINARY SHARES, ACQUIRED
      AS SET OUT IN BOX 8 ABOVE                                    0.4834%

11.   Number of shares, debentures or financial              12.   Percentage of issued class disposed (treasury shares of
      instruments relating to shares disposed                      that class should not be taken into account when
                                                                   calculating percentage)

      N/A                                                          N/A

13.   Price per share or value of transaction                14.   Date and place of transaction

      THE INTRA-GROUP TRANSFER DESCRIBED                           THE INTRA-GROUP TRANSFER TOOK PLACE ON
      ABOVE TOOK PLACE AT A PRICE OF £3.104                        29 MARCH 2016, IN LONDON
      PER SHARE.

15.   Total holding following notification and total         16.   Date issuer informed of transaction
      percentage holding following notification (any
      treasury shares should not be taken into account             30 MARCH 2016
      when calculating percentage)

      336,492,751 ORDINARY SHARES (25.024%)

17.   Any additional information                             18.   Name of contact and telephone number for queries

      THE TRANSFERRED SHARES WILL BE                               CHRIS EVES
      CHARGED AS SECURITY FOR AN INTEREST                          01624 827 503
      BEARING LOAN MADE AVAILABLE TO
      PEEL CHAPEL HOLDINGS (IOM) LIMITED




SUSAN MARSDEN
COMPANY SECRETARY
30 MARCH 2016

Sponsor:
Merrill Lynch South Africa (Pty) Limited

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