19th Feb 2016 15:51
19 February 2016
Countryside Properties plc (the "Company")
Notification of Transactions of Directors/Persons Discharging Managerial Responsibilities and Connected Persons
Pursuant to the notification obligations under Disclosure and Transparency Rule 3.1.2R, the Company hereby notifies the following transactions of directors and persons discharging managerial responsibility ("PDMRs") in Ordinary Shares of £1.00 each in the Company ("Shares") on 18 February 2016.
Countryside Properties plc Long Term Incentive Plan ("LTIP")
On 18 February 2016, at Brentwood, Essex, the Company granted awards (in the form of conditional share awards) over Shares under the LTIP ("LTIP Awards") as set out below. The number of Shares subject to the LTIP Awards has been determined by reference to the closing middle market price of a Share on 17 February 2016 of £2.40 per Share.
Name | Status | No. of Shares |
Ian Sutcliffe | Group Chief Executive Officer | 416,667 (0.093%) |
Rebecca Worthington | Group Chief Finance Officer | 250,000 (0.056%) |
Graham Cherry | PDMR | 250,000 (0.056%) |
Richard Cherry | PDMR | 250,000 (0.056%) |
David Simpson | PDMR | 121,407 (0.027%) |
Gary Whitaker | PDMR | 87,500 (0.019%) |
The vesting of each LTIP Award is subject to the satisfaction of performance conditions set by the Remuneration Committee of the Company.
The LTIP Awards will normally vest on the later of the third anniversary of grant and the assessment of the performance conditions, subject to continued employment.
For further information on the LTIP, please refer to the Prospectus on the Company's web site.
Enquiries
Gary Whitaker
Company Secretary
Related Shares:
CSP.L