5th Mar 2014 16:15
5th March 2014
St. Modwen Properties PLC
(the "Company")
Director/PDMR Shareholding
In accordance with DTR 3.1.4R (1), the Company announces that on 5th March 2014 the executive directors were granted awards, structured as nil-cost options, over the Company's ordinary shares of 10p each under the St. Modwen Properties PLC 2007 Performance Share Plan (the "PSP") as set out below:
Director/PDMR | Number of shares comprising award | Total number of shares comprising all outstanding PSP awards |
Bill Oliver | 150,141 | 1,328,499 |
Steve Burke | 99,066 | 702,389 |
Mike Dunn | 90,186 | 677,846 |
Vesting of the awards on 5th March 2017 is subject to the achievement of TSR-related performance targets (comprising both relative performance and absolute growth) measured over a three year period from 1st December 2013 to 30th November 2016. No consideration is payable for the grant or exercise of the awards.
Related Shares:
SMP.L