1st Jun 2011 15:35
It is announced that on 31 May 2011, Martin Bennett, a Director, exercised an award over 97,540 ordinary shares of 2.5 pence under the HomeServe plc Key Executive Incentive Plan. The shares were awarded on 28 June 2005 at an option price of £1.922 and vested on 28 June 2008 following an assessment of the associated performance conditions (which were based on profit before tax and share price growth).
Awards under the HomeServe plc Key Executive Incentive Plan are delivered as share appreciation rights and therefore participants receive shares equal to the gain on exercise. 61,312 shares were therefore transferred to Mr Bennett and sold at an average price of £5.178. (This equates to 0.019% of the issued shares.)
In addition, Mr Bennett sold a further 4,800 shares on the same date at an average price of £5.261. (0.001% of the issued shares.)
Mr Bennett now owns 57,945 shares (0.018%).
1 June 2011
Related Shares:
HSV.L