CAPITAL & COUNTIES PROPERTIES PLC (THE "COMPANY")
DIRECTOR / PDMR AWARDS
In accordance with DTR 3.1.4(1)(a), Capital & Counties Properties PLC announces that the following awards were made to Executive Directors on 1 April 2015:
(A) PERFORMANCE SHARE PLAN
Pursuant to the Company's Performance Share Plan, the following awards of nil cost options were made based on a market value of 402.93 pence per share:
|
Number of nil cost options: |
Exercisable from: |
Ian Hawksworth |
207,728 |
1 April 2018 |
Gary Yardley |
186,136 |
1 April 2018 |
Soumen Das |
152,631 |
1 April 2018 |
(B) MATCHING SHARE PLAN
(i) Pursuant to the Company's Matching Share Plan the following deferred nil cost options were awarded based on a market value of 402.93 pence per share. These awards represent the 50% of each Executive Director's 2014 bonus that was deferred into shares for three years:
|
Number of deferred nil cost options awarded |
Exercisable from: |
Ian Hawksworth |
94,557 |
1 April 2018 |
Gary Yardley |
81,279 |
1 April 2018 |
Soumen Das |
68,374 |
1 April 2018 |
(ii) The following matching nil cost options were awarded in respect of the deferred nil cost options above:
|
Number of matching nil cost options awarded |
Exercisable from: |
Ian Hawksworth |
94,557 |
1 April 2018 |
Gary Yardley |
81,279 |
1 April 2018 |
Soumen Das |
68,374 |
1 April 2018 |
|
|
|
(C) AWARDS UNDER THE MATCHING SHARE PLAN
The following awards of nil cost options were made to Gary Yardley on 1 April 2015. The awards were made under the Capital & Counties Properties PLC Matching Share Plan following the co-investment of shares held by Gary Yardley, and were based on a market value of 402.93 pence per share:
|
Number of shares co-invested |
Number of nil cost options awarded: |
Expected vesting date: |
Gary Yardley |
76,394 |
152,788 |
1 April 2018 |
Gary Yardley has now invested the maximum amount under the 2013 co-investment invitation.
Note: The vesting of the awards under A, B (ii) and C above is dependent on the satisfaction of performance conditions set out in the Company's 2014 Annual Report.
Ruth Pavey
Company Secretary
2 April 2015
020 3214 9184
