Director/PDMR Shareholding

Released : 27.06.2017 15:50

RNS Number : 3354J
Homeserve Plc
27 June 2017
 

HomeServe plc

 

Investment and Grant of Awards under the

HomeServe 2008 Long Term Incentive Plan (the 'LTIP')

 

A number of Directors and PDMRs have been granted Performance Awards under the LTIP. No consideration was payable for the grant of the Awards.  Performance Awards will vest in three years' time subject to continued employment and the achievement of stretching performance criteria relating to EPS and comparative TSR. 

 

Details of the Performance Awards are as follows:

 

Name

Status

No of Shares subject to Performance  Award

Richard Harpin

Director

111,632

Martin Bennett

Director

82,810

David Bower

Director

59,250

Johnathan Ford

Director

80,184

Tom Rusin

Director

93,920

H Stephen Phillips

PDMR

43,815

Guillaume Huser

PDMR

49,220

 

Certain Directors and PDMRs have also been invited to invest some of their FY17 net annual bonus in Shares ("Investment Shares") under the LTIP.  Investment Shares were purchased on 26 June 2017 at a price of £7.6775 per Share.

 

Following the acquisition of Investment Shares, these individuals were granted Matching Awards under the LTIP, to acquire Shares. No consideration was paid for the grant of Matching Awards (other than the acquisition of linked Investment Shares). Subject to the retention of the Investment Shares, continued employment and the achievement of stretching EPS and comparative TSR related performance criteria, the Matching Awards will vest in three years' time. 

 

Details of the Investment Shares and Matching Awards are set out in the table below.

 

Name

Status

No of Investment Shares purchased

No of  Shares subject to Matching  Award

Richard Harpin

Director

28,500

107,547

Martin Bennett

Director

21,142

79,781

Johnathan Ford

Director

20,214

76,279

Tom Rusin

Director

22,213

83,823

H Stephen Phillips

PDMR

11,184

42,204

Guillaume Huser

PDMR

11,389

42,977

 

 

27 June 2017


This information is provided by RNS
The company news service from the London Stock Exchange
 
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