FOR IMMEDIATE RELEASE
16 January 2016
London & Associated Properties PLC ("the Company"):
Purchase of Treasury Shares
On 4 January 2016 the Company was notified by the trustee of the HMRC approved
Share Incentive Plan (SIP) of the purchase of 1,936 ordinary shares out of
treasury at 25 pence per share (being the last stock exchange closing mid -
price on 31 December 2015). These shares were purchased on behalf of the
Company's directors and employees with cash accumulated from dividends and will
be distributed to members of the SIP as Dividend Shares.
Directors receiving shares and new beneficial holding totals are as follows-
ADDITIONAL NEW
TOTAL % OF ISSUED
SHARES
HOLDING SHARES
Directors-
J A Heller 255 1,630,277
1.92%
A K Thapar 331 150,378
0.18%
On 18 January 2016 the Company issued 284,518 ordinary shares from Treasury to
cover bonuses and issues under the Company's HMRC approved Share Incentive Plan
(SIP) to directors and staff at 24.5 pence per share (being the last stock
exchange closing mid - price on 15 January 2016).
Directors receiving shares and new beneficial holding totals are as follows-
ADDITIONAL NEW
TOTAL % OF ISSUED
SHARES
HOLDING SHARES
Directors-
J A Heller 12,244 1,642,521
1.93%
A K Thapar 81,469 231,847
0.27%
Following the issue of Treasury shares, J A Heller and his family had an
interest in 47,855,191 shares in the company representing 56.24% of the issued
share capital net of Treasury shares.
The Company now holds 448,362 shares in Treasury and has 85,094,349 ordinary
shares in issue (excluding treasury shares). This figure 85,094,349 represents
the total voting rights in the Company and may be used by shareholders as the
denominator for the calculations by which they can determine if they are
required to notify their interest in, or a change to their interest in, the
Company under the Financial Conduct Authority's Disclosure and Transparency
Rules.
Ends.
For further information, please contact:
London & Associated Properties PLC
Anil Thapar , Company
Secretary Tel: 020 7415
5000