6th May 2014 14:23
Hammerson plc (the "Company")
Notification of Transactions of Directors
6 May 2014
The following notification is made in accordance with the requirements of DTR 3.1.4 R.
On 2 May 2014, following the assessment of the performance conditions, the awards granted to Directors of the Company on 1 April 2011 under the Hammerson plc 2007 Long-Term Incentive Plan (the "LTIP") vested in the amounts shown in the table below.
Number of shares vested | |||||||
Name of Director | Shares awarded on 1 April 2011 | Original award | Dividend shares | Total shares vested | Number of shares sold to cover tax liabilities arising on vesting | Number of shares retained | Total shares in which an interest is held |
D J Atkins | 193,708 | 23,180 | 2,363 | 25,543 | 12,030 | 13,513 | 345,518 |
P W Cole | 139,072 | 16,642 | 1,695 | 18,337 | 8,636 | 9,701 | 258,136 |
J-P Mouton | 61,483 | 7,357 | 0 | 7,357 | 0 | 7,357 | 237,873 |
The shares were sold on 2 May 2014 at a price of £5.76 per share.
Mr Atkins' retained shares are being transferred to a nominee account held in the name of his spouse, Mrs S L Atkins.
In accordance with the LTIP rules in place in 2011 for awards made to employees of the Company who are resident in France, Mr Mouton's vested shares will be transferred to a nominee account where they will be held for a two year holding period.
Sarah Booth
General Counsel and Company Secretary
Related Shares:
Hammerson