Director/PDMR Awards under the Performance Share Plan
INTU PROPERTIES PLC
(Registration number UK3685527)
ISIN Code: GB0006834344
JSE Code: ITU
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).
12 June 2019
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
1. Details of PDMR/person closely associated with them ('PCA')
a) Name Robert Allen
b) Position/status CFO
c) Initial notification/ Initial Notification
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
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
e) Date of the 10 June 2019
f) Place of the London Stock Exchange Main Market (XLON)
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