Capital & Regional plc Issue of LTIP awards (7680C)
20 April 2017 - 1:00AM
UK Regulatory
TIDMCAL
RNS Number : 7680C
Capital & Regional plc
19 April 2017
19 April 2017
Capital & Regional plc ("the Company)
Issue of LTIP awards
Capital & Regional plc announces that Zedra Trust Company
(Guernsey) Limited, the trustee of the Capital & Regional plc
Employee Ownership Trust 2002 (the "Trustee") has today granted the
following share awards of ordinary shares of GBP0.01 per share
under The Capital & Regional plc 2008 Long Term Incentive Plan
(the "Plan") to the following Directors/Persons Discharging
Managerial Responsibility of the Company:
Ken Ford 660,905
Charles Staveley 627,300
The exercise price for the awards granted is a maximum of
GBP0.01 per share. Performance conditions measured over a three
year period will determine the extent to which the awards will
vest. Further detail on the performance conditions is provided on
page 60 of the Company's Annual Report and Accounts for the year
ended 30 December 2016. A holding period applies such that, in
normal circumstances, awards must be held for two years following
the end of the performance period. Malus and clawback provisions
apply. Awards were also made to approximately 50 members of
staff.
An award of 1,260,504 ordinary shares will also be made to
Lawrence Hutchings as soon as practicable upon him joining the
Company as Chief Executive on 13 June 2017.
- ENDS -
For further information:
Capital & Regional: Tel: 020 7932 8000
Hugh Scott-Barrett, Chief Executive
Charles Staveley, Group Finance Director
This information is provided by RNS
The company news service from the London Stock Exchange
END
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