Business
Director's shareholding
Director's shareholding.
About this update from Abrdn Property Income Trust Limited
[{"type":"text","content":"\n Director's shareholding 19 August 2014 API Group PLC (\"API\" or the \"Company\")Director's shareholdingAPI announces that on 18 August 2014, Christopher Smith, Director, exercised his right to acquire 350,991 ordinary 1p shares in the Company at nil cost, which had vested under the terms of the Company's long term incentive plan. The API Group plc No2 Employee Benefit Trust (the \"EBT\") has transferred these shares to Mr Smith. On 18 August 2014, Mr Smith also sold 60,000 ordinary 1p shares at a price of 68p per share representing less than 0.1 % of the issued share capital of the Company. The reason for the sale was to assist Mr Smith with settling the immediate personal tax liability arising from the vesting of shares referred to above. Following the exercise and sale Mr Smith owns 523,026 ordinary 1p shares, representing 0.7% of the issued share capital of the Company.On 15 July 2014, Mr Smith's resignation from his position as Group Finance Director was announced. Under the terms of the Company's long term incentive plan, Mr Smith's right to acquire a further 599,009 shares at nil cost has lapsed and those shares, held in the EBT, will be available to the EBT for making future allocations to employees under the long term incentive plan or otherwise to provide share or other benefits to employees.For further information, please contact:API Group plcAndrew Turner, Group Chief Executive Tel: +44 (0) 1625 650334 Cairn Financial Advisers LLPTony Rawlinson / Avi Robinson Tel: +44 (0) 20 7148 7900 This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.Source: API Group PLC via GlobenewswireHUG#1849568\n \n ","length":3838,"tagName":"div"}]