Director/PDMR Shareholding

RNS Number : 9165J

Hammerson PLC

10 April 2015

 

Hammerson plc (the "Company")

Notification of Transactions of Directors

10 April 2015

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

1.    Further to the awards of nil cost options over 25p ordinary shares in the Company (the "Shares) that were made under the Company's Deferred Bonus Share Scheme on 12 March 2012 and 11 March 2013 and which vested on 12 March 2014 and 11 March 2015 respectively, the Company has been notified that Timon Drakesmith, an Executive Director of the Company, exercised his options on 9 April 2015.

       The total number of options exercised is shown in the table below, together with the number of Shares sold by Mr Drakesmith at a price of £6.835 per Share (to cover Income Tax and National Insurance liability plus associated brokerage costs). The Shares retained by Mr Drakesmith will be transferred into the name of his spouse, Mrs D R Drakesmith.

Number of Shares over which options exercised
Date of Award	Shares Awarded	Dividend Shares	Total Shares exercised	Total Shares sold	Total Shares retained
12 March 2012	35,023	4,118	39,141
11 March 2013	54,968	4,527	59,495
			98,636	46,452	52,184

2.    On 9 April 2015 the Company was also notified by the trustees of the Hammerson Share Incentive Plan (the "SIP") that Shares in the Company were purchased on behalf of Timon Drakesmith on 8 April 2015 under the Partnership Shares element of the SIP at a price of £6.745 per Share.  In accordance with the terms of the SIP, Mr Drakesmith was awarded one Matching Share for each Partnership Share purchased.

The number of Partnership Shares purchased and Matching Shares awarded is as follows:

Number of Partnership Shares purchased	Number of Matching Shares awarded
22	22

Following the above transactions, the shareholding in the Company of the above-named Director is as follows:

Total Shares held beneficially

271,677

Sarah Booth

General Counsel and Company Secretary

Tel: [phone]

 

END

 

 

RDSEALLEFANSEFF