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2 Oct 2015 16:00
2nd October 2015
St. Modwen Properties PLC
(the "Company")
Director/PDMR Shareholding
In accordance with DTR 3.1.4R (1), the Company announces that on 2nd October 2015 an award under the St. Modwen Properties PLC 2007 Performance Share Plan (the "PSP"), structured as a nil-cost option over the Company's ordinary shares of 10p each, was granted to an executive director as noted below:
Director/PDMR | Number of shares comprising award | Total number of shares comprising all outstanding PSP awards |
Rob Hudson | 119,018 | 119,018 |
Vesting of the awards on 2nd October 2018 is subject to the achievement of TSR-related performance targets (comprising both relative performance and absolute growth) measured over a three year period from 1st December 2014 to 30th November 2017. No consideration is payable for the grant or exercise of the awards.
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