Director/PDMR Shareholding

RNS Number : 7553A

Hammerson PLC

03 April 2012

 



Hammerson plc

Notification of Transactions of Directors

3 April 2012

 

 

On 2 April 2012, awards over 25 pence ordinary shares in Hammerson plc (the "Company") were granted to Executive Directors under the Company's Long Term Incentive Plan (the "LTIP").

 

The awards have been granted as nil cost options and are planned to vest four years after the date of the award, subject to continued employment with the Company and confirmation that predetermined performance conditions have been satisfied.

 

The maximum number of shares over which the awards could potentially vest for each Executive Director is as follows:

 

	Number of shares
D J Atkins	281,724
P W Cole	202,263
N T Drakesmith	192,631

 

The price used to calculate the number of shares awarded was 415.30 pence per share, this being the Company's average closing share price over a 5-day period from 26 March 2012 to 30 March 2012 inclusive.

 

This announcement is made in accordance with DTR 3.1.4R.

 

Sarah Booth

General Counsel and Company Secretary

 

 

 

END

 

 

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