t
LGT Wealth Management UK LLP erroneously sold 38,813 ordinary shares in Ground Rents Income Fund PLC, held by director Barry Gordon Gilbertson, at 28.67 pence on 27 June 2024. LGT Vestra then made a corrective repurchase of the same number of shares at 26.13 pence on 10 September 2024. Following these transactions, there was no change to the total number of shares in the Company held by Barry Gordon Gilbertson.
| Date | 12 Sept 2024 |
| Time | 10:45:46 |
| Category | Director/PDMR dealings |
| ID | 9626D |
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)
|
|
||||
|
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)
|
|
||||
|
d)
|
Aggregated information
|
£10,194.67 |
||||
|
e)
|
Date of the transaction
|
10 September 2024 |
||||
|
f)
|
Place of the transaction
|
London Stock Exchange (XLON) |
||||