SMP.L Regulatory News (SMP)

2 May 2007 10:55

St. Modwen Properties PLC02 May 2007 St Modwen Properties PLC ("St Modwen" or the "Company") Directors' share awards St Modwen announces that the following grants of zero cost options under theCompany's Performance Share Plan have been made on 1 May 2007 to executivedirectors: New Options TotalOptions now held W. A. Oliver 87,235 shares 604,998 shares T. P. Haywood 50,981 shares 195,278 shares S.J. Burke 45,317 shares 166,057 shares The vesting of these awards will be subject to the Company's performance over athree year period measured by reference to two performance tests, Net AssetValue Growth and Absolute Total Return, as described in the Circular toshareholders dated 23 March 2007. This information is provided by RNS The company news service from the London Stock Exchange