Irish Residential Properties REIT

Director's Dealing • Mar 31, 2020

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 3110I

Irish Residential Prop REIT PLC

31 March 2020

Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them

This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

MARGARET SWEENEY

2

Reason for the notification

a)

Position/status

CHIEF EXECUTIVE OFFICER

b)

Initial Notification Amendment

INITIAL NOTIFICATION

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

IRISH RESIDENTIAL PROPERTIES REIT PLC

b)

LEI

635400EOPACLULRENY18

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

(i)            ORDINARY SHARES OF €0.10 EACH

(ii)           ORDINARY SHARES OF €0.10 EACH

IDENTIFICATION CODE: IE00BJ34P519

b)

Nature of the transaction  

(i)            GRANT OF A CONDITIONAL AWARD OF 437,601 ORDINARY SHARES OF €0.10 EACH TO BE ISSUED IN ACCORDANCE WITH AND SUBJECT TO THE IRISH RESIDENTIAL PROPERTIES REIT PLC LONG TERM INCENTIVE PLAN 2014 (AS AMENDED IN NOVEMBER 2015) WITH A VESTING DATE OF 27 MARCH 2023, SUBJECT TO RESTRICTIONS

(ii)           AWARD OF BENEFICIAL INTEREST IN 92,393 ORDINARY SHARES of €0.10 EACH

c)

Price(s) and volume(s)

(i)

Price(s)	Volume(s)
NIL	CONDITIONAL AWARD OVER 437,601 ORDINARY SHARES

(ii)

Price(s)	Volume(s)
€1.194432	92,393 ORDINARY SHARES

d)

Aggregated information

- Aggregated volume

- Price

(i)            NIL - CONDITIONAL AWARD OF 437,601 ORDINARY SHARES OF €0.10 EACH VALUED AS AT 27 MARCH 2020 AT A PRICE OF €1.234 PER ORDINARY SHARE (BEING THE CLOSING PRICE ON THE GRANT DATE)

(ii)           92,393 ORDINARY SHARES OF €0.10 EACH AT AN AVERAGE PRICE OF €1.194432 PER SHARE

e)

Date of the transaction

(i)            27 MARCH 2020

(ii)           30 MARCH 2020

f)

Place of the transaction

(i)            OUTSIDE A TRADING VENUE

(ii)           EURONEXT DUBLIN

g)

Additional Information

NONE

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

DSHQFLFXBXLEBBE