Director/PDMR Shareholding

RNS Number : 2667T

Hammerson PLC

24 March 2016

 

Hammerson plc (the "Company")

24 March 2016

Notification of Transactions of Directors

On 24 March 2016, 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	208,413
P W Cole	151,858
N T Drakesmith	142,433
J-P Mouton	112,809

 

The price used to calculate the number of shares awarded was 572.90 pence per share, this being the Company's average closing share price over the five business days from 17 March 2016 to 23 March 2016 inclusive. 

This announcement is made in accordance with DTR 3.1.4R.

 

Sarah Booth

General Counsel and Company Secretary

 

 

 

END

 

 

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