Director/PDMR Shareholding

RNS Number : 8816J

Quintain Estates & Development PLC

22 July 2013

 



22 July 2013

Quintain Estates and Development plc

('Quintain' or the 'Company')

Notification of Directors' Share Interests

Quintain Estates and Development plc 2013 Incentive Plan ('QED Incentive Plan')

Quintain shareholders approved the QED Incentive Plan at the Company's annual general meeting held at 10 a.m. on 22 July 2013 (the 'AGM'). The Remuneration Committee subsequently adopted the Plan.

Full details of the Plan are set out in the Company's shareholder circular (incorporating the notice of the AGM) which is available on the Company's website at www.quintain.co.uk 

Grant of Awards

On 22 July 2013, the Remuneration Committee also granted the following Awards over ordinary shares in the capital of the Company under Element B of the Plan in the form of nil cost options with a nominal aggregate exercise price of £1. The Awards were made following the Committee's determination of the level of satisfaction of the Performance Targets for the 2012/13 Financial Year.

Participant	Number of Shares subject to the Award
Maxwell James	539,585
Nigel Kempner	380,477
Richard Stearn	297,463

The Key Terms of Awards made under Element B of the Plan are:-

·      awards will vest on the third anniversary of the award date provided that the participant remains employed by the Company, and

·      no shares subject to awards (apart from those sold to meet any tax liability) can be sold prior to the 5^th anniversary of the award date.

Quintain Estates and Development plc Share Incentive Plan ('SIP')

Quintain also announces that executive directors, Maxwell James, Richard Stearn and Nigel Kempner, have applied to join the SIP and invest £125 per month in Company shares, which will be matched (1 for 4) by the Company under the terms of the SIP and is available to all Company employees.

For further details contact:

Sandra Odell

Company Secretary

020 7478 9418

 

END

 

 

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