11 Dec 2015 16:32
Zoopla Property Group plc (the "Company")
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons
11 December 2015
The Company announces that on 9 December 2015, having been approved by the Remuneration Committee, the following Nil Cost Options under the Zoopla Property Group plc Long Term Incentive Plan (the "Plan") have been granted to the following three persons discharging managerial responsibilities ("PDMR"):
PDMR | Position | Nil Cost Options awarded |
Stephen Morana | Chief Financial Officer (Group) | 171,306 |
Jon Notley | Commercial Director (Zoopla) | 85,653 |
Steve Weller | Chief Executive Officer (uSwitch) | 85,653 |
The number of Nil Cost Options awarded has been calculated by reference to the closing market price on 8 December 2015 of 233.5 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 9 December 2018 and the last date for exercise shall be 9 December 2025, with dividend equivalents payable in respect of these Nil Cost Options in accordance with the rules of the LTIP.
The Company also announces that on 9 December 2015, the following deferred Nil Cost Options under the Zoopla Property Group plc Annual Bonus Plan have been granted to the following three persons discharging managerial responsibilities:
PDMR | Position | Nil Cost Options awarded |
Alex Chesterman | Chief Executive Officer (Group) | 116,836 |
Stephen Morana | Chief Financial Officer (Group) | 62,312 |
Jon Notley | Commercial Director (Zoopla) | 22,885 |
The number of Nil Cost Options awarded has been calculated by reference to the closing market price on 8 December 2015 of 233.5 pence.
The normal date of vesting for these Nil Cost Options shall be 9 December 2018 and the last date for exercise shall be 9 December 2025, with dividend equivalents payable in respect of these Nil Cost Options in accordance with the rules of the Annual Bonus Plan.
Enquiries:
Ned Staple
General Counsel and Company Secretary
Zoopla Property Group Plc
Harlequin Building
65 Southwark Street
London
SE1 0HR