Director/PDMR Shareholding

RNS Number : 6089E

Hammerson PLC

08 April 2011

 



Notification of Directors' Interests

Long-Term Incentive Plan

On 1 April 2011 conditional awards of shares were made to Executive Directors and senior executives of Hammerson plc under the Company's Long Term Incentive Plan ("LTIP").

Under the revised terms of the LTIP, 50% of the shares will vest three years after the date of award and 50% of the shares will vest four years after the date of award, subject to continued employment and satisfaction of predetermined performance conditions.

The maximum number of shares over which an award could vest in respect of the award made on 1 April 2011 and the total maximum number of shares in respect of this and previous awards made under the LTIP in 2008, 2009 and 2010 to the following Executive Directors are as follows:

	Award on 1.04.2011	Total on 1.04.2011
D J Atkins	387,416	902,289
P W B Cole	278,144	802,802

 

END

 

 

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