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CAPITAL & COUNTIES PROPERTIES PLC - Director / PDMR Awards

Release Date: 02/04/2015 12:10
Code(s): CCO     PDF:  
Wrap Text
Director / PDMR Awards

Capital & Counties Properties PLC
(Incorporated and registered in the United Kingdom and Wales with registration Number
07145041 and registered in South Africa as an external company with Registration Number
2010/003387/10)
JSE code: CCO
ISIN: GB00B62G9D36
CAPITAL & COUNTIES PROPERTIES PLC (the “Company”)


DIRECTOR / PDMR AWARDS

In accordance with DTR 3.1.4(1)(a), Capital & Counties Properties PLC announces that the
following awards were made to Executive Directors on 1 April 2015:

(A)    PERFORMANCE SHARE PLAN

       Pursuant to the Company’s Performance Share Plan, the following awards of nil cost
       options were made based on a market value of 402.93 pence per share:

                                        Number of nil cost          Exercisable from:
                                           options:
        Ian Hawksworth                      207,728                   1 April 2018
        Gary Yardley                        186,136                   1 April 2018
        Soumen Das                          152,631                   1 April 2018

(B)    MATCHING SHARE PLAN

(i)    Pursuant to the Company’s Matching Share Plan the following deferred nil cost
       options were awarded based on a market value of 402.93 pence per share. These
       awards represent the 50% of each Executive Director’s 2014 bonus that was deferred
       into shares for three years:

                                     Number of deferred nil         Exercisable from:
                                     cost options awarded
        Ian Hawksworth                       94,557                   1 April 2018
        Gary Yardley                         81,279                   1 April 2018
        Soumen Das                           68,374                   1 April 2018

(ii)   The following matching nil cost options were awarded in respect of the deferred nil
       cost options above:

                                     Number of matching nil         Exercisable from:
                                      cost options awarded
        Ian Hawksworth                       94,557                   1 April 2018
        Gary Yardley                         81,279                   1 April 2018
        Soumen Das                           68,374                    1 April 2018


(C)    AWARDS UNDER THE MATCHING SHARE PLAN

       The following awards of nil cost options were made to Gary Yardley on 1 April 2015.
       The awards were made under the Capital & Counties Properties PLC Matching Share
       Plan following the co-investment of shares held by Gary Yardley, and were based on
       a market value of 402.93 pence per share:

                       Number of shares      Number of nil cost   Expected vesting date:
                                co-invested    options awarded:
        Gary Yardley                 76,394             152,788         1 April 2018

        Gary Yardley has now invested the maximum amount under the 2013 co-investment
        invitation.




Note: The vesting of the awards under A, B (ii) and C above is dependent on the satisfaction
of performance conditions set out in the Company’s 2014 Annual Report.



Ruth Pavey
Company Secretary
2 April 2015
020 3214 9184

2 April 2015

Sponsor
Merrill Lynch South Africa (Pty) Limited

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