Director/PDMR Shareholding

RNS Number : 3160H

Hammerson PLC

12 March 2015

 



Hammerson plc (the "Company")

Notification of Transactions of Directors

12 March 2015

On 12 March 2015 Jean-Philippe Mouton was granted an additional component of 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.  This grant corrects an administrative error made with the original award on 4 March 2015.  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
4 March 2015	12,278
12 March 2015	6,337
Total	18,615

The award has been made in the form of nil-cost options and will vest on the second anniversary of the grant date on 12 March 2017, subject to continued employment with the Hammerson group.  Upon vesting, the options will remain exercisable until 12 March 2022.

The price used to calculate the number of Shares awarded was 656.00 pence per Share, this being the Company's average closing share price on 9, 10 and 11 March (the 3 dealing days immediately preceding the award).

A further 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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