Director/PDMR Shareholding

RNS Number : 0303S

Capital & Counties Properties Plc

14 March 2016

 

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 11 March 2016:

(A)        PERFORMANCE SHARE PLAN

Pursuant to the Company's Performance Share Plan, the following awards of nil cost options, which represent 150% of 2016 salary, were made based on a market value of 315.30 pence per share:

	Number of nil cost options:	Exercisable from:
Ian Hawksworth	274,976	11 March 2019
Gary Yardley	246,431	11 March 2019
Soumen Das	214,081	11 March 2019

(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 315.30 pence per share. These awards represent the 50% of each Executive Director's 2015 bonus that has been deferred into shares for three years:

	Number of deferred nil cost options awarded	Exercisable from:
Ian Hawksworth	121,116	11 March 2019
Gary Yardley	104,662	11 March 2019
Soumen Das	88,962	11 March 2019

(ii)        The following matching nil cost options were awarded on a 1:1 basis in respect of the deferred nil cost options above:

	Number of matching nil cost options awarded	Exercisable from:
Ian Hawksworth	121,116	11 March 2019
Gary Yardley	104,662	11 March 2019
Soumen Das	88,962	11 March 2019

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

Ruth Pavey

Company Secretary

14 March 2016

020 3214 9184

 

END

 

 

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