4th Apr 2017 10:00
Hammerson plc (the "Company")
Notification of Transactions of Directors
4 April 2017
On 3 April 2017, awards over 25 pence ordinary shares in the Company were granted to Executive Directors under the Company's Long Term Incentive Plan (the "LTIP").
The awards have been granted as nil cost options to all Executive Directors with the exception of Jean-Philippe Mouton to whom a conditional award of shares has been granted. The awards are scheduled to vest four years after the date of the award, subject to continued employment with the Company and confirmation that predetermined performance conditions have been satisfied. Upon vesting, those LTIP awards that have been granted as nil cost options will be exercisable until the conclusion of the seventh anniversary of the grant date; the LTIP award that has been granted as a conditional award of shares will vest on the vesting date. All awards will accrue dividend shares during the vesting period.
The maximum number of shares (excluding dividend shares) over which the awards could potentially vest for each Executive Director is as follows:
| Number of shares |
D J Atkins | 221,593 |
P W Cole | 161,512 |
N T Drakesmith | 161,512 |
J-P Mouton | 129,384 |
The price used to calculate the number of shares awarded was 565.9 pence per share, this being the Company's average closing share price over the five business days from 27 March 2017 to 31 March 2017 inclusive.
This announcement is made in accordance with the requirements of the EU Market Abuse Regulation. The notification of dealing forms can be found below.
Note: the announcement above has also been released on the SENS system of the Johannesburg Stock Exchange.
Sarah Booth
General Counsel and Company Secretary
Notification of dealing form | ||||||||||||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||||||||
a) | Name | David Atkins | ||||||||||||
2 | Reason for the notification | |||||||||||||
a) | Position/status | Chief Executive Officer | ||||||||||||
b) | Initial notification /Amendment | Initial notification | ||||||||||||
3 | Details of the issuer | |||||||||||||
a) | Name | Hammerson plc | ||||||||||||
b) | LEI | 213800G1C9KKVVDN1A60 | ||||||||||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||||||||
a) | Description of the financial instrument, type of instrument.
Identification code | Ordinary shares of 25 pence each
ISIN: GB0004065016 | ||||||||||||
b) | Nature of the transaction | Awards over ordinary shares of 25 pence each in the form of nil cost options under the Hammerson plc 2007 Long Term Incentive Plan | ||||||||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price |
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e) | Date of the transaction | 3 April 2017 | ||||||||||||
f) | Place of the transaction | XLON | ||||||||||||
Notification of dealing form | ||||||||||||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||||||||
a) | Name | Peter Cole | ||||||||||||
2 | Reason for the notification | |||||||||||||
a) | Position/status | Chief Investment Officer | ||||||||||||
b) | Initial notification /Amendment | Initial notification | ||||||||||||
3 | Details of the issuer | |||||||||||||
a) | Name | Hammerson plc | ||||||||||||
b) | LEI | 213800G1C9KKVVDN1A60 | ||||||||||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||||||||
a) | Description of the financial instrument, type of instrument.
Identification code | Ordinary shares of 25 pence each
ISIN: GB0004065016 | ||||||||||||
b) | Nature of the transaction | Awards over ordinary shares of 25 pence each in the form of nil cost options under the Hammerson plc 2007 Long Term Incentive Plan | ||||||||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price |
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e) | Date of the transaction | 3 April 2017 | ||||||||||||
f) | Place of the transaction | XLON | ||||||||||||
Notification of dealing form | ||||||||||||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||||||||
a) | Name | Timon Drakesmith | ||||||||||||
2 | Reason for the notification | |||||||||||||
a) | Position/status | Chief Financial Officer | ||||||||||||
b) | Initial notification /Amendment | Initial notification | ||||||||||||
3 | Details of the issuer | |||||||||||||
a) | Name | Hammerson plc | ||||||||||||
b) | LEI | 213800G1C9KKVVDN1A60 | ||||||||||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||||||||
a) | Description of the financial instrument, type of instrument.
Identification code | Ordinary shares of 25 pence each
ISIN: GB0004065016 | ||||||||||||
b) | Nature of the transaction | Awards over ordinary shares of 25 pence each in the form of nil cost options under the Hammerson plc 2007 Long Term Incentive Plan | ||||||||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price |
| ||||||||||||
e) | Date of the transaction | 3 April 2017 | ||||||||||||
f) | Place of the transaction | XLON | ||||||||||||
Notification of dealing form | ||||||||||||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||||||||
a) | Name | Jean-Philippe Mouton | ||||||||||||
2 | Reason for the notification | |||||||||||||
a) | Position/status | Executive Director | ||||||||||||
b) | Initial notification /Amendment | Initial notification | ||||||||||||
3 | Details of the issuer | |||||||||||||
a) | Name | Hammerson plc | ||||||||||||
b) | LEI | 213800G1C9KKVVDN1A60 | ||||||||||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||||||||
a) | Description of the financial instrument, type of instrument.
Identification code | Ordinary shares of 25 pence each
ISIN: GB0004065016 | ||||||||||||
b) | Nature of the transaction | Conditional award of ordinary shares of 25 pence each under the Hammerson plc 2007 Long Term Incentive Plan | ||||||||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price |
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e) | Date of the transaction | 3 April 2017 | ||||||||||||
f) | Place of the transaction | XLON | ||||||||||||
Related Shares:
Hammerson