Director / PDMR Awards

RNS Number : 9947D

Capital & Counties Properties Plc

03 April 2014

 



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 2014:

(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 351.93 pence per share:

	Number of nil cost options:	Exercisable from:
Ian Hawksworth	223,766	1 April 2017
Gary Yardley	195,020	1 April 2017
Soumen Das	159,561	1 April 2017

(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 351.93 pence per share. These awards represent the 50% of each Executive Director's 2013 bonus that was deferred into shares for three years:

	Number of deferred nil cost options awarded	Exercisable from:
Ian Hawksworth	99,863	1 April 2017
Gary Yardley	88,767	1 April 2017
Soumen Das	72,628	1 April 2017

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

	Number of matching nil cost options awarded	Exercisable from:
Ian Hawksworth	199,726	1 April 2017
Gary Yardley	177,534	1 April 2017
Soumen Das	145,256	1 April 2017

Note: The vesting of the awards under A and B (ii) above is dependent on the satisfaction of performance conditions set out in the Company's 2013 Annual Report.

Ruth Pavey

Company Secretary

3 April 2014

020 3214 9184

 

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