Director/PDMR Shareholding

RNS Number : 5630G

Hammerson PLC

04 March 2015

 



Hammerson plc (the "Company")

Notification of Transactions of Directors

4 March 2015

On 3 March 2015 the Executive Directors of the Company were granted the first tranche of deferred share awards over the Company's 25 pence ordinary shares (the "Shares") in accordance with the terms of the Company's Deferred Bonus Share Scheme, the deferred bonus element of the Annual Incentive Plan.  The deferred share awards have been made in respect of performance conditions for the 2014 financial year as follows:

	Number of Shares subject to the award
David Atkins	37,334
Peter Cole	24,893
Timon Drakesmith	28,403
Jean-Philippe Mouton	12,278

The awards have been made in the form of nil-cost options and will vest on the second anniversary of the grant date on 3 March 2017, subject to continued employment with the Hammerson group.  Upon vesting, the options will remain exercisable until 2 March 2022.

The price used to calculate the number of Shares awarded was 678.00 pence per Share, this being the Company's average closing share price on 26 February, 27 February and 2 March (the 3 dealing days immediately preceding the award).

A second tranche of deferred share awards may be made in May 2015 following availability of the outcome of the Total Property Return performance condition.

This announcement is made in accordance with DTR 3.1.4R.

Sarah Booth

General Counsel and Company Secretary

 

END

 

 

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