Last checked at 7 Mar 2018 11:45
Hammerson plc (the 'Company')
Notification of Transactions of Directors
7 March 2018
On 6 March 2018, awards over 25 pence ordinary shares in the Company were granted to Executive Directors under the Company's Long Term Incentive Plan (LTIP).
The awards have been granted as nil cost options to all Executive Directors with the exception of Jean-Philippe Mouton to whom a conditional award of shares has been granted. The awards are scheduled to vest four years after the date of the award, subject to continued employment with the Hammerson group and confirmation that predetermined performance conditions have been satisfied. The awards are subject to a holding period which ends on the fifth anniversary of the date of grant (Holding Period). Following the end of the Holding Period, those LTIP awards that have been granted as nil cost options will, to the extent they vest, be exercisable until the conclusion of the seventh anniversary of the grant date; the shares which are subject to the LTIP award that has been granted as a conditional award of shares will, to the extent it vests, be delivered at the end of the Holding Period. All awards will accrue dividend shares during the period from grant until the expiry of the Holding Period.
The maximum number of shares (excluding dividend shares) over which the awards could potentially vest for each Executive Director is as follows:
| Number of shares |
D J Atkins | 285,587 |
P W Cole | 207,861 |
N T Drakesmith | 207,861 |
J-P Mouton | 173,687 |
Additionally on 6 March 2018, the Executive Directors were granted the first tranche of deferred share awards over 25 pence ordinary shares in the Company under the Deferred Bonus Share Scheme, the deferred bonus element of the Annual Incentive Plan (AIP), as follows:
| Number of shares |
D J Atkins | 52,900 |
P W Cole | 36,121 |
N T Drakesmith | 38,557 |
J-P Mouton | 32,166 |
The awards have been made in the form of nil cost options and will vest on the second anniversary of the grant date on 6 March 2020, subject to continued employment with the Hammerson group. Upon vesting, the options will remain exercisable until 6 March 2025.
A second tranche of deferred share awards may be made in May 2018 once the vesting of the Total Property Return measure of the AIP has been calculated.
The price used to calculate the number of shares awarded was 450.30 pence per share, this being the Company's average closing share price over the five business days from 27 February 2018 to 5 March 2018 inclusive.
This announcement is made in accordance with the requirements of the EU Market Abuse Regulation. The notification of dealing forms can be found below.
Sarah Booth
General Counsel and Company Secretary
The announcement above has also been released on the SENS system of the Johannesburg Stock Exchange.
Notification of dealing form | ||||||||||||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||||||||
a) | Name | David Atkins | ||||||||||||
2 | Reason for the notification | |||||||||||||
a) | Position/status | Chief Executive Officer | ||||||||||||
b) | Initial notification /Amendment | Initial notification | ||||||||||||
3 | Details of the issuer | |||||||||||||
a) | Name | Hammerson plc | ||||||||||||
b) | LEI | 213800G1C9KKVVDN1A60 | ||||||||||||
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 | Ordinary shares of 25 pence each
ISIN: GB0004065016 | ||||||||||||
b) | Nature of the transaction | Awards over ordinary shares of 25 pence each in the form of nil cost options under the Hammerson plc 2017 Long Term Incentive Plan | ||||||||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price |
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e) | Date of the transaction | 6 March 2018 | ||||||||||||
f) | Place of the transaction | Outside a trading venue | ||||||||||||
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 | Ordinary shares of 25 pence each
ISIN: GB0004065016 | ||||||||||||
b) | Nature of the transaction | Awards over ordinary shares of 25 pence each in the form of nil cost options under the Hammerson plc Deferred Bonus Share Scheme | ||||||||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price |
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e) | Date of the transaction | 6 March 2018 | ||||||||||||
f) | Place of the transaction | Outside a trading venue | ||||||||||||
Notification of dealing form | ||||||||||||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||||||||
a) | Name | Peter Cole | ||||||||||||
2 | Reason for the notification | |||||||||||||
a) | Position/status | Chief Investment Officer | ||||||||||||
b) | Initial notification /Amendment | Initial notification | ||||||||||||
3 | Details of the issuer | |||||||||||||
a) | Name | Hammerson plc | ||||||||||||
b) | LEI | 213800G1C9KKVVDN1A60 | ||||||||||||
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 | Ordinary shares of 25 pence each
ISIN: GB0004065016 | ||||||||||||
b) | Nature of the transaction | Awards over ordinary shares of 25 pence each in the form of nil cost options under the Hammerson plc 2017 Long Term Incentive Plan | ||||||||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price |
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e) | Date of the transaction | 6 March 2018 | ||||||||||||
f) | Place of the transaction | Outside a trading venue | ||||||||||||
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 | Ordinary shares of 25 pence each
ISIN: GB0004065016 | ||||||||||||
b) | Nature of the transaction | Awards over ordinary shares of 25 pence each in the form of nil cost options under the Hammerson plc Deferred Bonus Share Scheme | ||||||||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price |
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e) | Date of the transaction | 6 March 2018 | ||||||||||||
f) | Place of the transaction | Outside a trading venue | ||||||||||||
Notification of dealing form | ||||||||||||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||||||||
a) | Name | Timon Drakesmith | ||||||||||||
2 | Reason for the notification | |||||||||||||
a) | Position/status | Chief Financial Officer | ||||||||||||
b) | Initial notification /Amendment | Initial notification | ||||||||||||
3 | Details of the issuer | |||||||||||||
a) | Name | Hammerson plc | ||||||||||||
b) | LEI | 213800G1C9KKVVDN1A60 | ||||||||||||
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 | Ordinary shares of 25 pence each
ISIN: GB0004065016 | ||||||||||||
b) | Nature of the transaction | Awards over ordinary shares of 25 pence each in the form of nil cost options under the Hammerson plc 2017 Long Term Incentive Plan | ||||||||||||
c) | Price(s) and volume(s) |
| ||||||||||||
d) | Aggregated information - Aggregated volume - Price |
| ||||||||||||
e) | Date of the transaction | 6 March 2018 | ||||||||||||
f) | Place of the transaction | Outside a trading venue | ||||||||||||
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 | Ordinary shares of 25 pence each
ISIN: GB0004065016 | ||||||||||||
b) | Nature of the transaction | Awards over ordinary shares of 25 pence each in the form of nil cost options under the Hammerson plc Deferred Bonus Share Scheme | ||||||||||||
c) | Price(s) and volume(s) |
| ||||||||||||
d) | Aggregated information - Aggregated volume - Price |
| ||||||||||||
e) | Date of the transaction | 6 March 2018 | ||||||||||||
f) | Place of the transaction | Outside a trading venue | ||||||||||||
Notification of dealing form | ||||||||||||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||||||||
a) | Name | Jean-Philippe Mouton | ||||||||||||
2 | Reason for the notification | |||||||||||||
a) | Position/status | Executive Director | ||||||||||||
b) | Initial notification /Amendment | Initial notification | ||||||||||||
3 | Details of the issuer | |||||||||||||
a) | Name | Hammerson plc | ||||||||||||
b) | LEI | 213800G1C9KKVVDN1A60 | ||||||||||||
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 | Ordinary shares of 25 pence each
ISIN: GB0004065016 | ||||||||||||
b) | Nature of the transaction | Conditional award of ordinary shares of 25 pence each under the Hammerson plc 2017 Long Term Incentive Plan | ||||||||||||
c) | Price(s) and volume(s) |
| ||||||||||||
d) | Aggregated information - Aggregated volume - Price |
| ||||||||||||
e) | Date of the transaction | 6 March 2018 | ||||||||||||
f) | Place of the transaction | Outside a trading venue | ||||||||||||
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 | Ordinary shares of 25 pence each
ISIN: GB0004065016 | ||||||||||||
b) | Nature of the transaction | Awards over ordinary shares of 25 pence each in the form of nil cost options under the Hammerson plc Deferred Bonus Share Scheme | ||||||||||||
c) | Price(s) and volume(s) |
| ||||||||||||
d) | Aggregated information - Aggregated volume - Price |
| ||||||||||||
e) | Date of the transaction | 6 March 2018 | ||||||||||||
f) | Place of the transaction | Outside a trading venue | ||||||||||||