Director/PDMR Shareholding

RNS Number : 2783Y

Hammerson PLC

02 March 2017

 

Hammerson plc (the "Company")

Notification of Transactions of Directors

2 March 2017

On 1 March 2017 the Executive Directors of the Company were granted 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 (the "AIP").  The deferred share awards have been made in respect of performance conditions for the 2016 financial year as follows:

	Number of Shares subject to the award
David Atkins	35,854
Timon Drakesmith	26,194
Peter Cole	26,129
Jean-Philippe Mouton	20,910

The awards have been made in the form of nil-cost options and will vest on the second anniversary of the grant date on 1 March 2019, subject to continued employment with the Hammerson group.  Upon vesting, the options will remain exercisable until 1 March 2024.

The price used to calculate the number of Shares awarded was 588.20 pence per Share, this being the Company's average closing share price on 22 February, 23 February, 24 February, 27 February and 28 February 2017 (the 5 dealing days immediately preceding the award).

A second tranche of deferred share awards may be made in May 2017 once the vesting of the Total Property Return measure of the AIP has been calculated.

For further information please contact:

Sarah Booth

General Counsel and Company Secretary

[phone]

Note: the announcement above has also been released on the SENS system of the Johannesburg Stock Exchange.

 

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