3rd Apr 2014 14:00
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
Related Shares:
CAPC.L