Director/PDMR Shareholding - Correction
Updated : 12:29
HomeServe plc
Investment and Grant of Awards under the
HomeServe 2018 Long Term Incentive Plan (the 'LTIP')
CORRECTION
A number of Directors 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 | 74,438 |
David Bower | Director | 47,468 |
Tom Rusin | Director | 65,926 |
Certain Directors have also been invited to invest some of their FY19 net annual bonus in Shares ("Investment Shares") under the LTIP. Investment Shares were purchased on 25 June 2019 at a price of £11.9416 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 | 18,935 | 71,453 |
David Bower | Director | 10,809 | 40,789 |
Tom Rusin | Director | 16,438 | 62,030 |
27 June 2019
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