Director/PDMR Shareholding

RNS Number : 5115B

Hammerson PLC

03 April 2013

 



Hammerson plc

Notification of Transactions of Directors

3 April 2013

 

 

On 2 April 2013, awards over 25 pence ordinary shares in Hammerson plc (the "Company") were granted to Executive Directors under the Company's Long Term Incentive Plan (the "LTIP").

 

The awards have been granted as nil cost options to all Executive Directors with the exception of Jean-Philippe Mouton who has been granted a conditional award of shares.  The awards are scheduled to vest four years after the date of the award, subject to continued employment with the Company and confirmation that predetermined performance conditions have been satisfied.  Upon vesting, those LTIP awards that have been granted as nil cost options will be exercisable until the conclusion of the seventh anniversary of the grant date.

 

The maximum number of shares over which the awards could potentially vest for each Executive Director is as follows:

 

	Number of shares
D J Atkins	240,000
P W Cole	172,307
N T Drakesmith	164,102
J-P Mouton	138,717

 

The price used to calculate the number of shares awarded was 487.5 pence per share, this being the Company's average closing share price over a 5-day period from 22 March 2013 to 28 March 2013 inclusive.

 

This announcement is made in accordance with DTR 3.1.4R.

 

Barbara Lees

Deputy Company Secretary

 

 

 

END

 

 

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