Director/PDMR Shareholding

RNS Number : 1002I

Quintain Estates & Development PLC

27 May 2014

 



27 May 2014

Quintain Estates and Development plc

('Quintain' or the 'Company')

Notification of Directors' Share Interests

Grant of Awards under the Quintain Estates and Development PLC 2013 Incentive Plan

('QED Incentive Plan')

On 23 May 2014, the Remuneration Committee granted the following Awards under Element B of the QED Incentive Plan to the Executive Directors.  The Awards were made following the Committee's determination of the level of satisfaction of Performance Targets for the year ended 31 March 2014 and are in the form of nil cost options with a nominal aggregate exercise price of £1.

Participant	Number of Shares subject to the Award
Maxwell James	344,489
Nigel Kempner	242,909
Richard Stearn	220,826

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

·     shares subject to these awards (apart from those sold to meet any tax liability) cannot be sold prior to the fifth anniversary of the award date.

Director's subscription for shares

The Company announces that Nigel Kempner, executive director, has subscribed for 2,457,817 shares in the Company under the terms of a subscription agreement entered into with the Company on the acquisition of Grafton Advisors LLP in February 2012.

Following the allotment, Mr Kempner will hold 0.53% of the Company's issued share capital.

For further details contact:

Sandra Odell

Company Secretary

020 7478 9418

 

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