Director/PDMR Shareholding

RNS Number : 6089R

Workspace Group PLC

20 November 2012

 



                                                               Workspace Group plc

Director/PDMR Shareholding

Following the purchase on 28 September 2012 of 112,525 shares by Jamie Hopkins, pursuant to the Workspace Long Term Incentive Plan 2008 Mr Hopkins was granted on 19 November 2012:

(i)         a matching award over 112,525 shares which will vest subject to achievement of an absolute total shareholder return underpin of 4% per annum; and

(ii)        a performance share award over 164,117 shares vesting subject to the same performance targets as applied generally to awards made to other executives this year (i.e. 1/3 relative net asset value, 1/3 relative total shareholder return, 1/3 absolute total shareholder return).

The performance period is the three years to 31^st March, 2015 and the awards may vest 3 years after grant, subject to continuous employment, the performance conditions being satisfied and retention of the above acquired shares.

Full details of these awards which were agreed to be made in connection with Mr Hopkins' recruitment were disclosed in the 2012 remuneration report.

This notification is given in accordance with DTR 3.1.4R(1)

20 November 2012

Enquiries

Carmelina Carfora, Workspace Company Secretary: 0207 138 3300

 

END

 

 

RDSFEWFISFESEFF