Director/PDMR Shareholding

RNS Number : 7389Z

Hammerson PLC

11 March 2013

 



Hammerson plc (the "Company")

Notification of Transactions of Directors

11 March 2013

On 11 March 2013 the Executive Directors of the Company were granted deferred share awards over the Company's 25 pence ordinary shares (the "Shares") in accordance with the terms of the Company's Deferred Bonus Share Scheme, the deferred bonus element of the Annual Incentive Plan.  The deferred share awards have been made in respect of performance for the 2012 financial year as follows:

	Number of Shares subject to the award
D J Atkins	80,391
P W B Cole	59,665
N T Drakesmith	54,968
J-P Mouton	17,513

The awards have been made in the form of nil-cost options and will vest on the second anniversary of the grant date on 11 March 2015, subject to continued employment with the Hammerson group.  Upon vesting, the options will remain exercisable until 10 March 2020.

The price used to calculate the number of Shares awarded was 517.33 pence per Share, this being the Company's average closing share price over a 3-day period from 6 March 2013 to 8 March 2013 inclusive.

This announcement is made in accordance with DTR 3.1.4R.

Barbara Lees

Deputy Company Secretary

 

END

 

 

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