Director/PDMR Shareholding

RNS Number : 4674B

Hammerson PLC

04 March 2014

 



Hammerson plc (the "Company")

Notification of Transactions of Directors

4 March 2014

On 3 March 2014 the Executive Directors of the Company were granted 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 for the 2013 financial year as follows:

	Number of Shares subject to the award
David Atkins	45,548
Peter Cole	32,701
Timon Drakesmith	31,144
Jean-Philippe Mouton	23,617

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 2016, subject to continued employment with the Hammerson group.  Upon vesting, the options will remain exercisable until 2 March 2021.

The price used to calculate the number of Shares awarded was 576.83 pence per Share, this being the Company's average closing share price over a 3-day period from 26 February 2014 to 28 February 2014 inclusive.

This announcement is made in accordance with DTR 3.1.4R.

Sarah Booth

General Counsel and Company Secretary

 

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