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INTU PROPERTIES PLC - Director/PDMR Awards under the Performance Share Plan

Release Date: 12/06/2019 12:00
Code(s): ITU     PDF:  
Wrap Text
Director/PDMR Awards under the Performance Share Plan

INTU PROPERTIES PLC
(Registration number UK3685527)
ISIN Code:     GB0006834344
JSE Code:      ITU
LEI: 213800JSNTERD5CJZO95
intu properties plc ("intu" or "the Company")

Director/PDMR Awards under the Performance Share Plan ("PSP")

Following the appointment of Robert Allen as Chief Financial Officer of intu
with effect from Monday 10 June 2019, an award of 908,781 ordinary shares
under the PSP (equivalent to 200% of salary) was made to him on 10 June 2019.
The award is based on a market value of 88.03 pence per share.

The award comprises restricted shares which will vest, subject to the
satisfaction of performance conditions, in three equal tranches over three,
four and five years. The performance periods for the awards stretch from 1
January 2019 to 31 December 2021, 31 December 2022 and 31 December 2023
respectively. Holding periods will apply to this award of two years for the
portion of the award vesting after three years and one year for the portion
vesting after four years.

The performance conditions are as follows:

   -   50% of the PSP award will vest subject to the satisfaction of an
       absolute Share Return measure;
   -   The remaining 50% of the award will vest subject to the satisfaction of
       a Relative Total Shareholder Return performance measure.

Further information regarding the details of the PSP performance conditions
can be found in the announcement made on 9 April 2019 (RNS Number 6585V).


Susan Marsden
Company Secretary
12 June 2019

JSE Sponsor:
Merrill Lynch South Africa (Pty) Limited


The information set out below is provided in accordance with the requirements
of Article 19(3) of the EU Market Abuse Regulation No 596/2014 and provides
further detail.


1.   Details of PDMR/person closely associated with them ('PCA')

a)   Name                      Robert Allen

b)   Position/status           CFO

c)   Initial notification/     Initial Notification
     amendment

2.   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor

a)   Name                      intu properties plc

b)   LEI                       213800JSNTERD5CJZO95

3.   Details of the transaction(s): section to be repeated for (i) each type
     of instrument; (ii) each type of transaction; (iii) each date; and (iv)
     each place where transaction(s) has been conducted

a)   Description of   the      ORDINARY SHARES OF 50P
     financial instrument
                               ISIN: GB0006834344

b)   Nature of the             Shares awarded for no consideration under the
     transaction               intu properties plc performance share plan.

c)   Price(s) and              Price(s)         Volume(s)
     volume(s)                 GBP   pence      908,781
                               88.03

d)   Aggregated
     information
                              Not applicable
     Aggregated volume
     Price

e)   Date of the              10 June 2019
     transaction

f)   Place of the             London Stock Exchange Main Market (XLON)
     transaction

Date: 12/06/2019 12:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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