Director / PDMR Awards

RNS Number : 3684B

Capital & Counties Properties Plc

02 April 2013

 



CAPITAL & COUNTIES PROPERTIES PLC (THE "COMPANY")

DIRECTOR / PDMR AWARDS

In accordance with DTR 3.1.4(1)(a), Capital & Counties Properties PLC announces that the following awards were made to Executive Directors on 2 April 2013:

(A)          PERFORMANCE SHARE PLAN

Pursuant to the Company's Performance Share Plan, the following awards of nil cost options were made based on a market value of 268.1 p per share:

	Number of nil cost options:	Exercisable from:
Ian Hawksworth	369,265	2 April 2016
Gary Yardley	328,235	2 April 2016
Soumen Das	268,556	2 April 2016

(B)          MATCHING SHARE PLAN

(i)           Pursuant to the Company's Matching Share Plan the following deferred nil cost options were awarded based on a market value of 268.1 p per share. These awards represent the 50% of each Executive Director's 2012 bonus that was deferred into shares for three years:

	Number of deferred nil cost options awarded	Exercisable from:
Ian Hawksworth	119,591	2 April 2016
Gary Yardley	106,303	2 April 2016
Soumen Das	93,248	2 April 2016

(ii)          The following matching nil cost options were awarded in respect of the deferred nil cost options above:

	Number of matching nil cost options awarded	Exercisable from:
Ian Hawksworth	119,591	2 April 2016
Gary Yardley	106,303	2 April 2016
Soumen Das	93,248	2 April 2016

Note: The vesting of the awards under A and B (ii) above is dependent on the satisfaction of performance conditions set out in the Company's 2012 Annual Report.

Ruth Pavey

Company Secretary

2 April 2013

020 3214 9184

 

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