Director/PDMR Shareholding

RNS Number : 8056P

Hammerson PLC

10 June 2015

 

Hammerson plc (the 'Company')

Notification of Transactions of Directors

10 June 2015

On 9 June 2015, the Company was notified by the trustees of the Hammerson Share Incentive Plan (the 'SIP') that ordinary shares of 25 pence each (the 'Shares') in the Company were purchased on behalf of Timon Drakesmith, an Executive Director of the Company, on 5 June 2015 under the Partnership Shares element of the SIP at a price of £6.50 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, Matching Shares awarded and the total holdings of Mr Drakesmith in the Company's Shares following the transactions are as follows:

Number of Partnership Shares purchased	Number of Matching Shares awarded	Total Shares held beneficially
23	23	271,849

On 8 June 2015, following the assessment of the performance conditions, the award granted to Mr Drakesmith on 6 June 2011 under the Hammerson plc 2007 Long Term Incentive Plan (the 'LTIP') vested in the amount shown in the table below.

Shares awarded 6 June 2011	Dividend Shares	Total Shares vested	Number of Shares sold to cover tax liabilities arising on vesting	Number of Shares retained	Total Shares in which an interest is held
125,523	16,842	14,896	7,016	7,880	279,729

The Shares were sold on 9 June 2015 at a price of £6.42 per Share.

Mr Drakesmith's retained Shares are being transferred to a nominee account held in the name of his spouse, Mrs D R Drakesmith.

This announcement is made in accordance with DTR 3.1.4R.

Sarah Booth

General Counsel and Company Secretary

 

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