The Local Shopping REIT plc Long Term Incentive Plan (2007) ("the LTIP")
This announcement is made pursuant to Disclosure and Transparency Rule 3.1.4(1)(a).
The LTIP is a performance based share plan which provides participants with the right, subject to performance conditions being met, to receive Ordinary Shares of 10p each ("shares") in The Local Shopping REIT plc ("the Company"). Shares are supplied for the purposes of the LTIP by LSR Trustee Limited, which operates the Company's Employee Benefit Trust.
The Company announces that it has today received notification from LSR Trustee Limited and the persons named below that, in discharging its obligations in relation to the vesting of awards made under the LTIP on 11 January 2008, LSR Trustee Limited has transferred shares to persons discharging managerial responsibilities ("PDMR's"), as follows:
PMDR No. of shares No. lapsed No. vested
subject to award & transferred
Christopher Moulden 15,000 9,450 5,550
William Heaney 10,000 6,300 3,700
There was no consideration for the share transfers.
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