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 1 April 2014:
(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 351.93 pence per share:
|
Number of nil cost options: |
Exercisable from: |
|
|
Ian Hawksworth |
223,766 |
1 April 2017 |
|
Gary Yardley |
195,020 |
1 April 2017 |
|
Soumen Das |
159,561 |
1 April 2017 |
(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 351.93 pence per share. These awards represent the 50% of each Executive Director's 2013 bonus that was deferred into shares for three years:
|
Number of deferred nil cost options awarded |
Exercisable from: |
|
|
Ian Hawksworth |
99,863 |
1 April 2017 |
|
Gary Yardley |
88,767 |
1 April 2017 |
|
Soumen Das |
72,628 |
1 April 2017 |
(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 |
199,726 |
1 April 2017 |
|
Gary Yardley |
177,534 |
1 April 2017 |
|
Soumen Das |
145,256 |
1 April 2017 |
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 2013 Annual Report.
Ruth Pavey
Company Secretary
3 April 2014
020 3214 9184
This information is provided by RNS