28th Jun 2022 08:53
HomeServe plc
Notification of Transactions of Directors/Persons Discharging Managerial Responsibilities and their Closely Associated Persons
Vesting of Awards under the
HomeServe 2018 Long Term Incentive Plan (the 'LTIP')
Three Directors have acquired shares following the vesting of shares under the LTIP.
The awards were granted on 26 June 2019. Awards were subject to two performance conditions as follows:
· 75% of the awards were subject to a performance condition based on the compound annual percentage growth of the Company's EPS over the three years to 31 March 2022.
· 25% of the awards were subject to a performance condition based on the Company's TSR performance against the TSR performance of the FTSE 250 Index over the three years to 31 March 2022.
As disclosed in the FY22 Annual Report, following an assessment of the performance conditions, awards vested at 23.93%.
Awards were structured as nil cost options or as conditional awards and were exercised or vested on 27 June 2022.
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | David Bower
| |
2 | Reason for the notification
| ||
a) | Position/status | Director
| |
b) | Initial notification/ Amendment
| Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||
a) | Name | HomeServe plc
| |
b) | LEI | 213800EKBJTGNMXEDF11
| |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted.
| ||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 2 9/13 pence
ISIN: GB00BYYTFB60
| |
b) | Nature of the transaction
| Exercise of LTIP awards and sale of shares | |
c) | Price(s) and volume(s) | Price(s) GBP Nil | Volume(s) 21,119 |
GBP 11.69 | 10,190 | ||
d) | Aggregated information - Aggregated volume - Price |
21,119
GBP 119,121.10
| |
e) | Date of the transaction | 2022-06-27
| |
f) | Place of the transaction | XLON
| |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Tom Rusin
| |
2 | Reason for the notification
| ||
a) | Position/status | Director
| |
b) | Initial notification/ Amendment
| Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||
a) | Name | HomeServe plc
| |
b) | LEI | 213800EKBJTGNMXEDF11
| |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted.
| ||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 2 9/13 pence
ISIN: GB00BYYTFB60
| |
b) | Nature of the transaction
| Vesting of LTIP awards and sale of shares | |
c) | Price(s) and volume(s) | Price(s) GBP Nil | Volume(s) 30,619 |
GBP 11.69 | 11,815 | ||
d) | Aggregated information - Aggregated volume - Price |
30,619
GBP 138,117.35 | |
e) | Date of the transaction | 2022-06-27
| |
f) | Place of the transaction | XLON
| |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Richard Harpin
| |
2 | Reason for the notification
| ||
a) | Position/status | Director
| |
b) | Initial notification/ Amendment
| Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||
a) | Name | HomeServe plc
| |
b) | LEI | 213800EKBJTGNMXEDF11
| |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted.
| ||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 2 9/13 pence
ISIN: GB00BYYTFB60
| |
b) | Nature of the transaction
| Exercise of LTIP awards | |
c) | Price(s) and volume(s) | Price(s) GBP Nil | Volume(s) 34,911 |
d) | Aggregated information - Aggregated volume - Price |
34,911
GBP 0.00 | |
e) | Date of the transaction | 2022-06-27
| |
f) | Place of the transaction | XLON
| |
Related Shares:
HSV.L