28 Mar 2019 13:09
28 March 2019
Countrywide plc
("Countrywide" or the "Company")
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons
Countrywide plc announces that on 27 March 2019, the Remuneration Committee approved the grant of nil cost options under the Countrywide Long-Term Incentive Plan to the following persons discharging managerial responsibilities:
Name | Number of ordinary shares subject to the option | Exercise Price |
Paul Creffield | 2,747,253 | Nil |
Himanshu Raja | 1,752,137 | Nil |
Peter Curran | 1,565,855 | Nil |
Paul Chapman | 1,587,302 | Nil |
Paul Wareham | 1,129,426 | Nil |
Daniel Thompson | 641,026 | Nil |
Performance Conditions
Performance conditions, relating to Earnings per Share targets, Total Shareholder Return targets and Operating Cash Flow Conversion targets, as measured over a three year period, will determine the extent to which the options will vest. The number of options shown is the maximum available if all conditions relating to awards are satisfied in full. Performance conditions may, in exceptional circumstances, be amended in accordance with the rules of the Long-Term Incentive Plan.
These options will, subject to satisfaction of performance conditions, vest on 27 March 2022 and may be exercised prior to 27 March 2029.
The attached notifications, made in accordance with requirements of the EU Market Abuse Regulation, give further details of the options granted.
ENQUIRIES: | Gareth Williams (Company Secretary) |
COUNTRYWIDE PLC
| (+44) 01245 294005 |
WEBSITE: http:// www.countrywide.co.uk
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1. | Details of the PDMR / person closely associated | |||||
a) | Name | Paul Creffield | ||||
2. | Reason for the notification | |||||
a) | Position / status | Group Managing Director - PDMR | ||||
b) | Initial notification / amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Countrywide plc | ||||
b) | LEI | 213800N1OX24ENZUIK30 | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument Identification code | Share options over ordinary shares of £0.01 each in Countrywide plc
GB00B9NWP991 | ||||
b) | Nature of the transaction | Grant of options under the Countrywide Long-Term Incentive Plan Options are subject to certain performance conditions measured over a three-year performance period. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information |
| ||||
| - Aggregated volume | N/A | ||||
| - Price | £NIL GBP | ||||
e) | Date of the transaction | 2019-03-27 | ||||
f) | Place of the transaction | N/A | ||||
1. | Details of the PDMR / person closely associated | |||||
a) | Name | Himanshu Raja | ||||
2. | Reason for the notification | |||||
a) | Position / status | Executive Director - PDMR | ||||
b) | Initial notification / amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Countrywide plc | ||||
b) | LEI | 213800N1OX24ENZUIK30 | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument Identification code | Share options over ordinary shares of £0.01 each in Countrywide plc
GB00B9NWP991 | ||||
b) | Nature of the transaction | Grant of options under the Countrywide Long-Term Incentive Plan Options are subject to certain performance conditions and a two year holding period post vesting. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information |
| ||||
| - Aggregated volume | N/A | ||||
| - Price | £NIL GBP | ||||
e) | Date of the transaction | 2019-03-27 | ||||
f) | Place of the transaction | N/A | ||||
1. | Details of the PDMR / person closely associated | |||||
a) | Name | Peter Curran | ||||
2. | Reason for the notification | |||||
a) | Position / status | Managing Director, Financial Services (PDMR) | ||||
b) | Initial notification / amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Countrywide plc | ||||
b) | LEI | 213800N1OX24ENZUIK30 | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument Identification code | Share options over ordinary shares of £0.01 each in Countrywide plc
GB00B9NWP991 | ||||
b) | Nature of the transaction | Grant of options under the Countrywide Long-Term Incentive Plan Options are subject to certain performance conditions measured over a three-year performance period. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information |
| ||||
| - Aggregated volume | N/A | ||||
| - Price | £NIL GBP | ||||
e) | Date of the transaction | 2019-03-27 | ||||
f) | Place of the transaction | N/A | ||||
1. | Details of the PDMR / person closely associated | |||||
a) | Name | Paul Chapman | ||||
2. | Reason for the notification | |||||
a) | Position / status | Chief Operating Officer (PDMR) | ||||
b) | Initial notification / amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Countrywide plc | ||||
b) | LEI | 213800N1OX24ENZUIK30 | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument Identification code | Share options over ordinary shares of £0.01 each in Countrywide plc
GB00B9NWP991 | ||||
b) | Nature of the transaction | Grant of options under the Countrywide Long-Term Incentive Plan Options are subject to certain performance conditions measured over a three-year performance period. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information |
| ||||
| - Aggregated volume | N/A | ||||
| - Price | £NIL GBP | ||||
e) | Date of the transaction | 2019-03-27 | ||||
f) | Place of the transaction | N/A | ||||
1. | Details of the PDMR / person closely associated | |||||
a) | Name | Paul Wareham | ||||
2. | Reason for the notification | |||||
a) | Position / status | Managing Director - B2B (PDMR) | ||||
b) | Initial notification / amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Countrywide plc | ||||
b) | LEI | 213800N1OX24ENZUIK30 | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument Identification code | Share options over ordinary shares of £0.01 each in Countrywide plc
GB00B9NWP991 | ||||
b) | Nature of the transaction | Grant of options under the Countrywide Long-Term Incentive Plan Options are subject to certain performance conditions measured over a three-year performance period. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information |
| ||||
| - Aggregated volume | N/A | ||||
| - Price | £NIL GBP | ||||
e) | Date of the transaction | 2019-03-27 | ||||
f) | Place of the transaction | N/A | ||||
1. | Details of the PDMR / person closely associated | |||||
a) | Name | Daniel Thompson | ||||
2. | Reason for the notification | |||||
a) | Position / status | Group People Director (PDMR) | ||||
b) | Initial notification / amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Countrywide plc | ||||
b) | LEI | 213800N1OX24ENZUIK30 | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument Identification code | Share options over ordinary shares of £0.01 each in Countrywide plc
GB00B9NWP991 | ||||
b) | Nature of the transaction | Grant of options under the Countrywide Long-Term Incentive Plan Options are subject to certain performance conditions measured over a three-year performance period. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information |
| ||||
| - Aggregated volume | N/A | ||||
| - Price | £NIL GBP | ||||
e) | Date of the transaction | 2019-03-27 | ||||
f) | Place of the transaction | N/A | ||||