6th May 2014 13:32
LONDON (Alliance News) - Hammerson PLC Tuesday said a number of awards granted to directors, including Chief Executive David Atkins, in April 2011 have vested under a long-term incentive plan.
The details are as follows:
| Number of shares vested |
| |||||
Name of Director | Shares awarded on 1 April 2011 | Original award | Dividend shares | Total shares vested | Number of shares sold to cover tax liabilities arising on vesting | Number of shares retained | Total shares in which an interest is held |
David Atkins | 193,708 | 23,180 | 2,363 | 25,543 | 12,030 | 13,513 | 345,518 |
Peter Cole | 139,072 | 16,642 | 1,695 | 18,337 | 8,636 | 9,701 | 258,136 |
Jean-Philippe Mouton | 61,483 | 7,357 | 0 | 7,357 | 0 | 7,357 | 237,873 |
The shares were sold at 576 pence a share on May 2.
Atkins' retained shares are being transferred to a nominee account held in the name of his spouse, Hammerson said in a statement.
In accordance with the long-term incentive plan rules in place in 2011 for awards made to employees of the company who are resident in France, Mouton's vested shares will be transferred to a nominee account where they will be held for a two year holding period.
Hammerson shares were Tuesday quoted at 570.50 pence, down 0.3%.
By Samuel Agini; [email protected]; @samuelagini
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