Director/PDMR Shareholding

RNS Number : 2783Y
Hammerson PLC
02 March 2017
 

Hammerson plc (the "Company")

Notification of Transactions of Directors

2 March 2017

 

 

On 1 March 2017 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 2016 financial year as follows:

 


Number of Shares subject to the award

David Atkins

35,854

Timon Drakesmith

26,194

Peter Cole

26,129

Jean-Philippe Mouton

20,910

 

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 2019, subject to continued employment with the Hammerson group.  Upon vesting, the options will remain exercisable until 1 March 2024.

 

The price used to calculate the number of Shares awarded was 588.20 pence per Share, this being the Company's average closing share price on 22 February, 23 February, 24 February, 27 February and 28 February 2017 (the 5 dealing days immediately preceding the award).

 

A second tranche of deferred share awards may be made in May 2017 once the vesting of the Total Property Return measure of the AIP has been calculated.

 

 

For further information please contact:

 

Sarah Booth

General Counsel and Company Secretary

 

+44 (0) 20 7887 1000

 

Note: the announcement above has also been released on the SENS system of the Johannesburg Stock Exchange.

 

 

 

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHEAKDFESEXEFF

Companies

Hammerson (HMSO)
UK 100

Latest directors dealings