Director/PDMR Shareholding

RNS Number : 7086W

Hammerson PLC

28 April 2016

 

Hammerson plc (the "Company")

Notification of Transactions of Directors

28 April 2016

On 27 April 2016 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 2015 financial year as follows:

	Number of Shares subject to the award
David Atkins	20,618
Peter Cole	15,023
Timon Drakesmith	14,091
Jean-Philippe Mouton	10,925

The awards have been made in the form of nil-cost options and will vest on the second anniversary of the grant date on 27 April 2018, subject to continued employment with the Hammerson group.  Upon vesting, the options will remain exercisable until 27 April 2023.

The price used to calculate the number of Shares awarded was 579.08 pence per Share, this being the Company's average closing share price on 22, 25 and 26 April 2016 (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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