Director/PDMR Shareholding

It is announced that on 27 March 2015, Stephen Phillips, a PDMR, exercised an award over 45,900 ordinary shares of 2.5 pence under the HomeServe plc Key Executive Incentive Plan. 

The award was granted 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 PBT and share price growth). If not exercised, the award would lapse on 28 June 2015.

The award was settled as a share appreciation right and 21,461 shares were therefore delivered on exercise.

Mr Phillips sold 9,556 of the shares to settle the tax and social security liability at a price of £3.63 and now holds 12,085 shares (0.004% of the issued shares).

27 March 2015