Director/PDMR Shareholding

RNS Number : 6779L

Hammerson PLC

29 April 2015

 



Hammerson plc (the "Company")

Notification of Transactions of Directors

29 April 2015

On 28 April 2015 the Executive Directors of the Company were granted the second tranche of 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 following the calculation of the out-turn of the Total Property Return performance condition for the 2014 financial year as follows:

	Number of Shares subject to the award
David Atkins	8,437
Peter Cole	6,148
Timon Drakesmith	5,766
Jean-Philippe Mouton	4,125

The awards have been made in the form of nil-cost options and will vest on the second anniversary of the grant date on 28 April 2017, subject to continued employment with the Hammerson group.  Upon vesting, the options will remain exercisable until 28 April 2022.

The price used to calculate the number of Shares awarded was 675.00 pence per Share, this being the Company's average closing share price on 23, 24 and 27 April (the 3 dealing days immediately preceding the award).

This announcement is made in accordance with DTR 3.1.4R.

Sarah Booth

General Counsel and Company Secretary

 

END

 

 

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