Director/PDMR Shareholding

RNS Number : 1671J

Hammerson PLC

09 June 2014

 



Hammerson plc (the "Company")

Notification of Transactions of Directors

9 June 2014

The following notification is made in accordance with the requirements of DTR 3.1.4R.

On 6 June 2014, and following the assessment of the performance conditions, the Company was notified of the following transaction in its 25 pence ordinary shares on behalf of Timon Drakesmith, a Director of the Company, in respect of:

1.    the vesting of an award granted on 6 June 2011 under the Hammerson plc 2007 Long-Term Incentive Plan (the "LTIP"); and

2.    the vesting of the second tranche of a conditional share award granted on 6 June 2011 as part of his recruitment terms (the "RSA").

Timon Drakesmith	Shares awarded on 6 June 2011	Dividend shares accrued during vesting period	Total shares vested after application of performance conditions	Number of shares sold to cover tax liabilities arising on vesting	Number of shares retained
LTIP	125,523	12,810	33,838	15,936	17,902
RSA	83,682	8,540	22,558	10,624	11,934

Shares were sold on 6 June 2014 at a price of 615.50 pence per share to cover Income Tax and NIC liability.  The retained shares were transferred to Mr Drakesmith.

The total number of ordinary shares of 25p each in the Company held by Mr Drakesmith after both vesting exercises is 207,958.

For further information contact:

Sarah Booth

General Counsel and Company Secretary

Tel: [phone]

 

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