Wrap Text
Directors' and PDMRs' Shareholding
INTU PROPERTIES PLC
(Registration number UK3685527)
ISIN Code: GB0006834344
JSE Code: ITU
Intu Properties plc (“the Company”)
DIRECTORS’ AND PDMRs’ SHAREHOLDINGS
1. VESTING OF AWARDS UNDER THE ANNUAL BONUS SCHEME
On 9 March 2015, awards of Restricted shares made to certain Executive Directors and PDMRs
under Intu Properties plc’s annual bonus scheme arrangements in 2013 were released. The release
of these shares triggers an income tax and national insurance liability which individuals usually meet
by selling a proportion of the shares vested. The resulting changes to Executive Directors’ and
PDMRs’ interests in Intu Properties plc shares are set out below:
Executive Directors:
Name Shares Shares Shares Retained & Total Holding & %
Vested Sold at £3.43 % of Issued Share of Issued Share
per share Capital Capital
David Fischel 144,117 144,117 0 0% 965,646 0.073%
Matthew Roberts 110,617 51,990 58,627 0.004% 213,133 0.016%
PDMRs:
Name Shares Shares Shares Retained & Total Holding & %
Vested Sold at £3.43 % of Issued Share of Issued Share
per share Capital Capital
Kate Bowyer 5,746 5,746 0 0% 2,848 0.000%
Mike Butterworth 64,686 30,403 34,283 0.003% 78,801 0.006%
Martin Ellis 20,326 9,554 10,772 0.001% 23,629 0.002%
Hugh Ford 66,344 66,344 0 0% 62,050 0.005%
Susan Marsden 14,600 14,600 0 0% 19,539 0.001%
Gordon McKinnon 6,486 3,049 3,437 0.001% 8,777 0.000%
Trevor Pereira 20,326 9,554 10,772 0.001% 38,019 0.003%
Dushyant Sangar 16,104 16,104 0 0% 4,977 0.000%
Julian Wilkinson 10,032 10,032 0 0% 0 0.000%
2. AWARDS UNDER THE ANNUAL BONUS SCHEME AND THE SHARE INCENTIVE PLAN
(“SIP”)
Under the Company’s annual bonus scheme arrangements, conditional awards of the Company’s
ordinary shares have been made to certain employees including Executive Directors and PDMRs.
The awards comprise Restricted shares which will be released two and three years after the date of
the award, provided the individual Director or PDMR has remained in service. The Company also
operates a Share Incentive Plan (“SIP”) for all eligible employees, including Executive Directors and
PDMRs, who may be awarded up to £3,600 worth of Intu Properties plc ordinary shares, which are
held in trust for at least 3 years, as part of their bonus arrangements.
3. SHARE OPTION GRANTS
On 11 March 2015, share options were granted to certain employees including two PDMRs at an
exercise price of 349 pence per share. The options will be exercisable between three and ten years
following the date of grant.
4. PERFORMANCE SHARE PLAN (“PSP”)
Awards pursuant to the PSP have been made to members of the Executive Committee as set out in
the table below based on a market value of 349 pence per share. PSP awards will vest, subject to
the satisfaction of performance conditions, in three equal tranches over three, four and five years.
Details of the PSP awards and the award of Restricted shares, SIP shares and (where applicable)
options to Directors and PDMRs in respect of the year ended 31 December 2014 are set out below:
Restricted SIP Share Options PSP
2 years 3 years Approved Unapproved
Directors:
David Fischel 30,478 29,446 1031 0 0 390,744
Matthew Roberts 24,154 23,122 1031 0 0 308,087
1031
PDMRs:
Kate Bowyer 5,297 4,266 1031 0 0 42,406
Mike Butterworth 19,209 18,178 1031 0 0 236,425
Martin Ellis 8,381 7,349 1031 0 0 89,398
Hugh Ford 12,788 11,757 1031 0 0 136,412
Susan Marsden 4,861 3,829 1031 0 0 43,209
Gordon McKinnon 5,959 0 916 0 65,000 0
Trevor Pereira 9,110 8,079 1031 0 0 94,555
Dushyant Sangar 9,073 8,042 1031 0 0 68,767
Julian Wilkinson 10,279 0 1002 0 80,000 0
5. EXERCISE OF OPTIONS
On 9 March 2015, David Fischel, Chief Executive and Matthew Roberts, Chief Financial Officer,
exercised capped options over ordinary shares in Intu Properties plc.
David Fischel exercised capped options over 1,469,021 Intu Properties plc shares consisting of
759,438 options granted in 2009 at an exercise price of £2.3241 per share and 709,583 options
granted in 2010 at an exercise price of £2.6775 per share. Matthew Roberts exercised capped
options over 511,339 Intu Properties plc shares granted in 2010 at an exercise price of £2.6775.
All of the options were granted under the Company’s unapproved share option scheme. Mr Fischel
and Mr Roberts sold all of the shares subject to the options at the capped price of £2.8563 per share,
and therefore their total interest in Intu Properties plc shares remains at 965,646 (0.073%) and
213,133 (0.016%) respectively, following the exercise.
Susan Marsden
Company Secretary
11 March 2015
Tel: +44 (0)20 7887 7004
Sponsor:
Merrill Lynch South Africa (Pty) Limited
Date: 11/03/2015 05:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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