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29 Sep 2017 11:35
29 September 2017
Countrywide plc
("Countrywide" or the "Company")
Notification of Transactions of Directors/Persons Discharging Managerial Responsibilityand Connected Persons
Countrywide plc announces that on 29 September 2017, the Remuneration Committee approved the grant of nil cost options under the Countrywide Long-Term Incentive Plan to the following person discharging managerial responsibilities:
Name | Number of Ordinary Shares subject to performance conditions | Number of Ordinary Shares not subject to performance conditions | Total number of Ordinary Shares subject to the Option | Exercise Price |
Grant Dempster | 20,936 | 10,468 | 31,404 | nil |
Performance conditions, relating to Earnings Per Share targets, Total Shareholder Return targets, market share targets, customer group net promoter score targets and people group engagement score targets, as measured over a three year period, will determine the extent to which some of the options will vest. To the extent an option is not subject to performance conditions, it will vest on the normal vesting date, subject to the provisions of the rules. 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 2 May 2020 and may be exercised prior to 2 May 2027.
The attached notifications, made in accordance with requirements of the EU Market Abuse Regulation, give further details of the options granted.
ENQUIRIES: | Alix Nicholson (Deputy Company Secretary) |
COUNTRYWIDE PLC
| (+44) 01245 294007 |
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 | Grant Dempster | ||||
2. | Reason for the notification | |||||
a) | Position / status | PDMR, Chief Risk & Compliance Officer | ||||
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 | 2017-09-29 (Date of Grant)
| ||||
f) | Place of the transaction | N/A | ||||
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