Ground Rents Income Fund PLC Director/PDMR Shareholding
September 12 2024 - 5:45AM
RNS Regulatory News
RNS Number : 9626D
Ground Rents Income Fund PLC
12 September 2024
Ground Rents Income Fund
plc
Notification and public
disclosure of transactions by persons discharging managerial
responsibilities and persons closely associated with
them
The Company has received notification
from Barry Gordon Gilbertson, a director of the Company, that
LGT Wealth Management UK LLP ("LGT
Vestra") erroneously sold 38,813 shares in the Company held
by Professor Gilbertson on 27 June 2024. In discovering and
confirming their error on 10 September 2024, LGT Vestra made a
corrective repurchase of the same number of shares on 10 September
2024, to which this notification relates. Although LGT Vestra and
Professor Gilbertson have a discretionary investment management
agreement, there was a standing instruction in place specifically
not to trade in the Company's shares on his behalf unless
explicitly instructed. No such explicit instruction was given. This
sale and repurchase does not represent any intention for Professor
Gilbertson to sell his shares in the Company.
The details of the trades are as
follows:
(i) an
erroneous sale of 38,813 shares at 28.67 pence on 27 June 2024;
and
(ii) a
corrective repurchase of 38,813 shares at 26.13 pence on 10
September 2024.
Following the transactions, there has
been no change to the number of shares in the Company held by Barry
Gordon Gilbertson.
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Barry Gordon Gilbertson
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Director
|
|
b)
|
Initial
notification/amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Ground Rents Income Fund
plc
|
|
b)
|
LEI
|
213800SL3SN8P6XCLM37
|
|
4
(i)
|
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 50 pence
each
ISIN: GB00B715WG26
|
|
b)
|
Nature of the transaction
|
Shares sold in error by the
director's Wealth Manager
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
28.67 pence
|
38,813
|
|
|
d)
|
Aggregated information
|
£11,127.69
|
|
e)
|
Date of the transaction
|
27 June 2024
|
|
f)
|
Place of the transaction
|
London Stock Exchange
(XLON)
|
|
4
(ii)
|
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 50 pence
each
ISIN: GB00B715WG26
|
|
b)
|
Nature of the transaction
|
Repurchase of shares sold in error
by the director's Wealth Manager
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
26.13 pence
|
38,813
|
|
|
d)
|
Aggregated information
|
£10,194.67
|
|
e)
|
Date of the transaction
|
10 September 2024
|
|
f)
|
Place of the transaction
|
London Stock Exchange
(XLON)
|
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