On 2 April 2012, awards over 25 pence ordinary shares in Hammerson plc (the "Company") were granted to Executive Directors under the Company's Long Term Incentive Plan (the "LTIP").
The awards have been granted as nil cost options and are planned to vest four years after the date of the award, subject to continued employment with the Company and confirmation that predetermined performance conditions have been satisfied.
The maximum number of shares over which the awards could potentially vest for each Executive Director is as follows:
Number of shares
D J Atkins
P W Cole
N T Drakesmith
The price used to calculate the number of shares awarded was 415.30 pence per share, this being the Company's average closing share price over a 5-day period from 26 March 2012 to 30 March 2012 inclusive.
This announcement is made in accordance with DTR 3.1.4R.
General Counsel and Company Secretary
This information is provided by RNS
The company news service from the London Stock Exchange
Datafeed and UK data supplied by NETbuilder and Interactive Data.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk!
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.