Director/PDMR Shareholding

RNS Number : 8609Q

Hammerson PLC

02 March 2016

 

Hammerson plc (the "Company")

Notification of Transactions of Directors

2 March 2016

On 1 March 2016 the Executive Directors of the Company were granted the first 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 "AIP").  The deferred share awards have been made in respect of performance conditions for the 2015 financial year as follows:

	Number of Shares subject to the award
David Atkins	45,593
Peter Cole	33,221
Timon Drakesmith	31,159
Jean-Philippe Mouton	24,293

The awards have been made in the form of nil-cost options and will vest on the second anniversary of the grant date on 1 March 2018, subject to continued employment with the Hammerson group.  Upon vesting, the options will remain exercisable until 1 March 2023.

The price used to calculate the number of Shares awarded was 547.33 pence per Share, this being the Company's average closing share price on 25 February, 26 February and 29 February 2016 (the 3 dealing days immediately preceding the award).

A second tranche of deferred share awards may be made in May 2016 once the vesting of the Total Property Return measure of the AIP has been calculated.

This announcement is made in accordance with DTR 3.1.4R.

Sarah Booth

General Counsel and Company Secretary

 

END

 

 

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