4 Aug 2014 08:12
Zoopla Property Group plc (the "Company")
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons
The Company announces that on 1 August 2014, the Remuneration Committee has approved the grant of Nil Cost Options under the Zoopla Property Group plc Long Term Incentive Plan (the "Plan") to the following four persons discharging managerial responsibilities:
Executive Director | Position | Nil Cost Options awarded |
Alex Chesterman | Chief Executive Officer | 306,818 |
Stephen Morana | Chief Financial Officer | 170,454 |
Jon Notley | Commercial Director | 68,181 |
Simon Kain | Chief Technology Officer | 68,181 |
The number of Nil Cost Options awarded has been calculated by reference to the Company's Offer Price of 220 pence.
These Nil Cost Options will be subject to the rules of the LTIP and will vest depending on performance against Total Shareholder Return ("TSR") and Earnings per Share ("EPS") targets as measured over a three year performance period.
The normal date of vesting for these Nil Cost Options shall be 1 October 2017 and the last date for exercise shall be 1 August 2024, with dividend equivalents payable in respect of these Nil Cost Options in accordance with the rules of the LTIP.
Enquiries:
Zoopla Property Group Plc
Ned Staple
+44 (0) 207 620 4747
General Counsel and Company Secretary