15th Jul 2011 09:00
HomeServe plc
Investment and Grant of Awards under the
HomeServe 2008 Long Term Incentive Plan (the 'LTIP')
A number of Directors and PDMRs have chosen to invest some or all of their 2011 net annual bonus in Shares ("Investment Shares") under the LTIP. Investment Shares were purchased on 14 July 2011 at an average price of £4.936 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 comparative TSR and EPS related performance criteria, the Matching Awards will vest in three year's time.
At the same time, these individuals were granted Performance Awards under the same Plan. No consideration was payable for the grant of the Awards. Performance Awards will vest in three year's time subject to continued employment and the achievement of stretching comparative TSR and EPS related performance criteria.
Details of the Investment Shares, Matching Awards and Performance Awards are set out in the table below.
Name | Status | No of Investment Shares purchased | No of Shares subject to Matching Award | No of Shares subject to Performance Award |
Richard Harpin | Director | 37,011 | 154,213 | 158,858 |
Martin Bennett | Director | 22,206 | 92,525 | 101,393 |
Jonathan King | Director | 25,853 | 107,721 | 111,907 |
Rachael Hughes | PDMR | 10,079 | 41,996 | 88,961 |
15 July 2011
Related Shares:
HSV.L