Director/PDMR Shareholding

RNS Number : 8949D

Hammerson PLC

02 April 2014

 



Hammerson plc (the "Company")

Notification of Transactions of Directors

2 April 2014

 

 

On 1 April 2014, awards over 25 pence ordinary shares in 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 to all Executive Directors with the exception of Jean-Philippe Mouton to whom a conditional award of shares has been granted.  The awards are scheduled 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.  Upon vesting, those LTIP awards that have been granted as nil cost options will be exercisable until the conclusion of the seventh anniversary of the grant date; the LTIP award that has been granted as a conditional award of shares will vest on the vesting date.  All awards will accrue dividend shares during the vesting period.

 

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

 

	Number of shares
D J Atkins	107,490
P W Cole	78,321
N T Drakesmith	73,460
J-P Mouton	60,711

 

The price used to calculate the number of shares awarded was 555.4 pence per share, this being the Company's average closing share price over a 5-day period from 25 March 2014 to 31 March 2014 inclusive. 

This announcement is made in accordance with DTR 3.1.4R.

 

Sarah Booth

General Counsel and Company Secretary

 

 

 

END

 

 

RDSEALLAEDALEFF