Director/PDMR Awards

RNS Number : 3134J

Capital & Counties Properties Plc

02 April 2015

 

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 2015:

(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 402.93 pence per share:

(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 402.93 pence per share. These awards represent the 50% of each Executive Director's 2014 bonus that was deferred into shares for three years:

(ii)        The following matching nil cost options were awarded in respect of the deferred nil cost options above:

(C)        AWARDS UNDER THE MATCHING SHARE PLAN

The following awards of nil cost options were made to Gary Yardley on 1 April 2015. The awards were made under the Capital & Counties Properties PLC Matching Share Plan following the co-investment of shares held by Gary Yardley, and were based on a market value of 402.93 pence per share:

Gary Yardley has now invested the maximum amount under the 2013 co-investment invitation.

Note: The vesting of the awards under A, B (ii) and C above is dependent on the satisfaction of performance conditions set out in the Company's 2014 Annual Report.

Ruth Pavey

Company Secretary

2 April 2015

020 3214 9184

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