Capital & Counties Properties PLC (the "Company")
Notification of Executive Director share dealings
On 26 February 2015, Executive Directors of the Company exercised share options awarded in 2010 and 2011 under the Company's Performance Share Plan ("PSP") and Matching Share Plan ("MSP"). Details of each transaction are set out in the tables below.
Following these transactions, the Executive Directors hold a total of 1,465,594 ordinary shares of 25p each in the company, which represents 0.2% of the issued share capital, and hold LTIP awards over 5,746,198 ordinary shares of 25p each in the company, which remain subject to performance conditions and/or holding periods.
Exercises of Nil cost options:
Executive Director |
Scheme |
No. of nil cost options exercised |
Ian Hawksworth |
PSP and MSP |
1,218,402 |
Soumen Das |
PSP and MSP |
612,525 |
Gary Yardley |
PSP and MSP |
1,111,906 |
Following the exercises the shares were sold at a price of £3.96 per share.
Exercises of market value options:
Executive Director |
Scheme |
No. of Options Exercised |
Exercise price per share |
Number of 25p Ordinary shares settled based on 25.02.15 closing price of £3.928 |
Soumen Das |
PSP (Unapproved options) |
1, 155, 290 |
£1.0387 |
849,791 |
Soumen Das |
PSP (HMRC Approved options) |
9,019 |
£1.5773 |
n/a |
The Company chose to settle the Unapproved options by delivering shares with a market value equal to the settlement value of the options (being the difference between the option price and the market value of the option shares). On exercise of the Approved options, 4,509 shares were transferred to Mr Das' wife, Mrs Dipa Das. Following the exercises the shares were sold at a price of £3.96 per share.
The Company was notified of the transactions on 26 February 2015.
Ruth Pavey
Company Secretary
27 February 2015
