9 Apr 2015 16:14
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9th April 2015
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St. Modwen Properties PLC
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(the "Company")
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Director/PDMR Shareholding
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In accordance with DTR 3.1.4R (1), the Company announces that on 9th April 2015 awards under the St. Modwen Properties PLC 2007 Performance Share Plan (the "PSP"), structured as nil-cost options over the Company's ordinary shares of 10p each, were granted to the executive directors noted below:
Director/PDMR | Number of shares comprising award | Total number of shares comprising all outstanding PSP awards |
Bill Oliver | 130,501 | 511,719 |
Steve Burke | 86,107 | 337,641 |
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Vesting of the awards on 9th April 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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