5th Dec 2018 12:14
Shaftesbury PLC (the "Company")
Director/PDMR shareholding
Grant of share awards under the 2018 Long-Term Incentive Plan (the "LTIP")
The following awards over ordinary shares of 25p in the Company under the 2018 LTIP were made on 4 December 2018:
Name | Number of nil cost options awarded |
Brian Bickell | 71,710 |
Simon Quayle | 50,620 |
Tom Welton | 50,620 |
Chris Ward | 50,620 |
The awards (which have been granted as nil-cost options) will be subject to the Company's achievement of total shareholder return, total accounting return and net asset value growth performance conditions measured over a period of three financial years commencing 1 October 2018.
Subject to the rules of the LTIP and these performance conditions, the awards will vest in December 2021 and will then be subject to an additional two year post-vesting holding period.
The 2015 LTIP awards which have vested on the third anniversary of the grant (3 December 2018) are subject to a two year post-vesting holding period and so will be released in 2020.
Full details on the LTIP scheme may be found in the Company's Annual Report.
Penny Thomas
Company Secretary
5 December 2018
Related Shares:
SHB.L