24th Jun 2014 09:50
HomeServe plc
Investment and Grant of Awards under the
HomeServe 2008 Long Term Incentive Plan (the 'LTIP')
And Exercise of Executive Options
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 year's time subject to continued employment and the achievement of stretching comparative TSR related performance criteria.
Details of the Performance Awards are as follows:
Name | Status | No of Shares subject to Performance Award |
Richard Harpin | Director | 247,301 |
Martin Bennett | Director | 184,615 |
Johnathan Ford | Director | 130,096 |
Tom Rusin | PDMR | 135,971 |
H Stephen Phillips | PDMR | 77,199 |
Certain Directors and PDMRs have also chosen to invest some of their FY14 net annual bonus in Shares ("Investment Shares") under the LTIP. Investment Shares were purchased on 23 June 2014 at a price of £3.25 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 related performance criteria, the Matching Awards will vest in three year's 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 | 65,534 | 247,298 |
Martin Bennett | Director | 46,629 | 175,958 |
Johnathan Ford | Director | 34,475 | 130,094 |
Tom Rusin | PDMR | 22,661 | 85,513 |
24 June 2014
Related Shares:
HSV.L