27th Jun 2017 15:50
HomeServe plc
Investment and Grant of Awards under the
HomeServe 2008 Long Term Incentive Plan (the 'LTIP')
A number of Directors and PDMRs have been granted Performance Awards under the LTIP. No consideration was payable for the grant of the Awards. Performance Awards will vest in three years' time subject to continued employment and the achievement of stretching performance criteria relating to EPS and comparative TSR.
Details of the Performance Awards are as follows:
Name | Status | No of Shares subject to Performance Award |
Richard Harpin | Director | 111,632 |
Martin Bennett | Director | 82,810 |
David Bower | Director | 59,250 |
Johnathan Ford | Director | 80,184 |
Tom Rusin | Director | 93,920 |
H Stephen Phillips | PDMR | 43,815 |
Guillaume Huser | PDMR | 49,220 |
Certain Directors and PDMRs have also been invited to invest some of their FY17 net annual bonus in Shares ("Investment Shares") under the LTIP. Investment Shares were purchased on 26 June 2017 at a price of £7.6775 per Share.
Following the acquisition of Investment Shares, these individuals were granted Matching Awards under the LTIP, to acquire Shares. No consideration was paid for the grant of Matching Awards (other than the acquisition of linked Investment Shares). Subject to the retention of the Investment Shares, continued employment and the achievement of stretching EPS and comparative TSR related performance criteria, the Matching Awards will vest in three years' time.
Details of the Investment Shares and Matching Awards are set out in the table below.
Name | Status | No of Investment Shares purchased | No of Shares subject to Matching Award |
Richard Harpin | Director | 28,500 | 107,547 |
Martin Bennett | Director | 21,142 | 79,781 |
Johnathan Ford | Director | 20,214 | 76,279 |
Tom Rusin | Director | 22,213 | 83,823 |
H Stephen Phillips | PDMR | 11,184 | 42,204 |
Guillaume Huser | PDMR | 11,389 | 42,977 |
27 June 2017
Related Shares:
HSV.L