Intu Properties PLC Director/PDMR Shareholding (9621B)
12 June 2019 - 8:00PM
UK Regulatory
TIDMINTU
RNS Number : 9621B
Intu Properties PLC
12 June 2019
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
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 ORDINARY SHARES OF 50P
the financial instrument ISIN: GB0006834344
b) Nature of the transaction Shares awarded for no consideration under the
intu properties plc performance share plan.
c) Price(s) and Price(s) Volume(s)
volume(s) GBP pence 88.03 908,781
d) Aggregated information
Aggregated volume Not applicable
Price
e) Date of the transaction 10 June 2019
f) Place of the transaction London Stock Exchange Main Market (XLON)
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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