22nd Feb 2016 15:09
22nd February 2016
ST. MODWEN PROPERTIES PLC
(the "Company")
Director/PDMR Shareholding
In accordance with DTR 3.1.4R (1), the Company announces that on 22nd February 2016 awards under the St. Modwen Properties PLC 2007 Performance Share Plan (the "PSP"), structured as nil-cost options over the Company's ordinary shares of 10p each, were granted to the executive directors noted below:
Director/PDMR | Number of shares comprising award | Total number of shares comprising all outstanding PSP awards |
Bill Oliver | 190,052 | 701,771 |
Steve Burke | 125,400 | 463,041 |
Rob Hudson | 104,664 | 223,682 |
Vesting of the awards on 22nd February 2019 is subject to the achievement of TSR-related performance targets (comprising both relative performance and absolute growth) measured over a three year period from 1st December 2015 to 30th November 2018. No consideration is payable for the grant or exercise of the awards.
Related Shares:
SMP.L