8th Jul 2016 16:01
HomeServe plc
Vesting of Awards under the
HomeServe 2008 Long Term Incentive Plan (the 'LTIP')
A number of Directors and PDMRs have acquired shares following the vesting of shares under the LTIP.
The awards were granted on 24 June 2013. The Performance and Matching awards were subject to a performance condition relating to comparative total shareholder return which was measured over a three year performance period. This period has now ended, the performance condition has been assessed and awards have vested in full.
The Restricted awards were not subject to performance conditions.
Awards were structured as nil cost options and were exercised on 6 July 2016.
The details are as follows:
Name | Status | Type of Award | No of Shares Vested | Number of Shares Sold | Number of Shares now held | % of issued share capital |
Richard Harpin | Director | Performance | 289,528 | Nil
| 39,151,978 | 12.6% |
Richard Harpin | Director | Matching | 282,464 | |||
Johnathan Ford | Director | Performance | 152,310 | 107,428 | 230,963 | 0.07% |
Johnathan Ford | Director | Matching | 75,457 | |||
H Stephen Phillips | PDMR | Performance | 16,056 | 23,198 | 67,530 | 0.02% |
H Stephen Phillips | PDMR | Restricted | 16,056 | |||
David Bower | PDMR | Performance | 16,210 | 15,292 | 57,592 | 0.02% |
David Bower | PDMR | Restricted | 16,210 |
Shares were sold at an average price of £4.9156 on 6 July 2016.
8 July 2016
Related Shares:
HSV.L