6th Jul 2015 15:41
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 27 June 2012 and were subject to a performance condition relating to comparative total shareholder return. The awards were subject to a three year performance period. This period has now ended, the performance condition has been assessed and awards have vested in full.
Awards were structured as nil cost options. Mr Bennett exercised his option on 3 July 2015 and Messrs Harpin and Phillips exercised their options on 6 July 2015.
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 | 344,822 | Nil | 41,482,710 | 12.5% |
Richard Harpin | Director | Matching | 163,563 | Nil | ||
Martin Bennett | Director | Performance | 293,448 | 138,267 | 379,180 | 0.1% |
H Stephen Phillips | PDMR | Performance | 37,702 | Nil | 49,787 | 0.02% |
Shares were sold at an average price of £4.23 on 3 July 2015.
6 July 2015
Related Shares:
HSV.L