1 Jul 2020 16:09
HomeServe plc
Vesting of Awards under the
HomeServe 2008 Long Term Incentive Plan (the 'LTIP')
A number of Directors have acquired shares following the vesting of shares under the LTIP.
The awards were granted on 27 June 2017. The Performance and Matching awards were subject to two performance conditions as follows:
· 75% of the awards were subject to a performance condition based on the compound annual percentage growth of the Company's EPS over the three years to 31 March 2020.
· 25% of the awards were subject to a performance condition based on the Company's TSR performance against the TSR performance of the FTSE 250 Index over the three years to 31 March 2020.
Awards were structured as nil cost options or as conditional awards and were exercised or vested on 30 June 2020.
The details are as follows:
Name | Status | Type of Award | No of Shares Vested | Number of Shares Sold | Number of Shares now held | % of issued share capital |
Richard Harpin | Director | Performance | 111,632 | Nil | 40,772,352 | 12.14% |
Richard Harpin | Director | Matching | 107,547 | |||
David Bower | Director | Performance | 59,250 | 27,946 | 156,008 | 0.05% |
Tom Rusin | Director | Performance | 93,920 | 55,883 | 825,786 | 0.25% |
Tom Rusin | Director | Matching | 83,823 |
Shares were sold at an average price of £12.97 on 30 June 2020.
1 July 2020