28th Jun 2018 10:55
HomeServe plc
Vesting of Awards under the
HomeServe 2008 Long Term Incentive Plan (the 'LTIP')
A number of Directors and PDMRs have acquired shares following the vesting of shares under the LTIP.
The awards were granted on 25 June 2015. The Performance and Matching awards were subject to two performance conditions as follows:
· 75% of the awards was subject to a performance condition based on the compound annual percentage growth of the Company's EPS over the three years to 31 March 2018
· 25% of the awards was subject to a performance condition based on the Company's TSR performance against the TSR performance of the FTSE 250 Index over the three years to 31 March 2018.
The performance conditions have been assessed and awards have vested in full.
Awards were structured as nil cost options or as conditional awards and were exercised or vested on 27 June 2018.
The details are as follows:
Name | Status | Type of Award | No of Shares Vested | Number of Shares Sold | Number of Shares now held | % of issued share capital |
Richard Harpin | Director | Performance | 251,774 | Nil | 40,124,105 | 12.09% |
Richard Harpin | Director | Matching | 188,135 | |||
Martin Bennett | Director | Performance | 186,770 | 152,625 | 300,363 | 0.09% |
Martin Bennett | Director | Matching | 136,825 | |||
David Bower | Director | Performance | 37,766 | 17,813 | 101,405 | 0.03% |
Johnathan Ford | Director | Performance | 171,664 | 192,767 | 198,383 | 0.06% |
Johnathan Ford | Director | Matching | 111,171 | |||
Tom Rusin | Director | Performance | 154,740 | 109,886 | 504,375 | 0.15% |
Tom Rusin | Director | Matching | 81,557 | |||
Guillaume Huser | PDMR | Performance | 29,335 | 29,335 | 19,602 | 0.006% |
H Stephen Phillips | PDMR | Performance | 59,374 | 26,693 | 136,488 | 0.04% |
Shares were sold at an average price of £8.9997 on 27 June 2018 apart from in respect of Johnathan Ford who sold 133,400 shares at an average price of £8.9997 and 59,367 shares at a price of £8.9457.
28 June 2018
Related Shares:
HSV.L