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Director/PDMR Shareholding

9 Apr 2015 16:14

RNS Number : 7838J
St. Modwen Properties PLC
09 April 2015
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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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This information is provided by RNS
The company news service from the London Stock Exchange
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END
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Date   Source Headline
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