Notification of Executive Director share dealings

RNS Number : 0819G

Capital & Counties Properties Plc

27 February 2015

 



Capital & Counties Properties PLC (the "Company")

Notification of Executive Director share dealings

On 26 February 2015, Executive Directors of the Company exercised share options awarded in 2010 and 2011 under the Company's Performance Share Plan ("PSP") and Matching Share Plan ("MSP").  Details of each transaction are set out in the tables below. 

Following these transactions, the Executive Directors hold a total of 1,465,594 ordinary shares of 25p each in the company, which represents 0.2% of the issued share capital, and hold LTIP awards over 5,746,198 ordinary shares of 25p each in the company, which remain subject to performance conditions and/or holding periods.

Exercises of Nil cost options:

Executive Director	Scheme	No. of nil cost options exercised
Ian Hawksworth	PSP and MSP	1,218,402
Soumen Das	PSP and MSP	612,525
Gary Yardley	PSP and MSP	1,111,906

Following the exercises the shares were sold at a price of £3.96 per share.

Exercises of market value options:

Executive Director	Scheme	No. of Options Exercised	Exercise price per share	Number of 25p Ordinary shares settled based on 25.02.15 closing price of £3.928
Soumen Das	PSP (Unapproved options)	1, 155, 290	£1.0387	849,791
Soumen Das	PSP (HMRC Approved options)	9,019	£1.5773	n/a

The Company chose to settle the Unapproved options by delivering shares with a market value equal to the settlement value of the options (being the difference between the option price and the market value of the option shares).  On exercise of the Approved options, 4,509 shares were transferred to Mr Das' wife, Mrs Dipa Das.  Following the exercises the shares were sold at a price of £3.96 per share.

The Company was notified of the transactions on 26 February 2015.

Ruth Pavey

Company Secretary

27 February 2015

 

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