3rd Jul 2019 13:16
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 1 July 2016. The Performance and Matching awards were subject to two performance conditions as follows:
· 75% of the awards was subject to a performance condition based on the compound annual percentage growth of the Company's EPS over the three years to 31 March 2019.
· 25% of the awards was 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 2019.
Awards were structured as nil cost options or as conditional awards and were exercised or vested on 3 July 2019.
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 | 209,426 | Nil | 40,530,714 | 12.1% |
Richard Harpin | Director | Matching | 155,521 | |||
David Bower | Director | Performance | 31,779 | 31,779 | 124,454 | 0.04% |
Tom Rusin | Director | Performance | 154,216 | 123,876 | 681,486 | 0.2% |
Tom Rusin | Director | Matching | 112,223 |
Shares were sold at an average price of £11.83415 on 3 July 2019.
3 July 2019
Related Shares:
HSV.L