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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Countrywide Plc | LSE:CWD | London | Ordinary Share | GB00BK5V9445 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 394.80 | 394.80 | 395.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMCWD
RNS Number : 8611K
Countrywide PLC
26 September 2016
26 September 2016
Countrywide plc
("Countrywide" or the "Company")
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons
Countrywide plc announces that on 26 September 2016, the Remuneration Committee has approved the grant of 388,005 nil cost options over the Company's ordinary shares of GBP0.01 each under the Countrywide Long-Term Incentive Plan.
The following options were awarded to a person discharging managerial responsibilities:
Name Number of ordinary shares subject to the option Exercise Price ---------------- ------------------------------------------------ --------------- Helen Normoyle 83,862 nil ---------------- ------------------------------------------------ --------------- Total 83,862 ---------------- ------------------------------------------------ ---------------
Performance conditions, as measured over a three year period, will determine the extent to which the options will vest. In summary, the performance conditions applicable to Helen Normoyle's options are:
Performance Weighting Performance Performance Target for 2016 Vesting condition period level grant level ------------------ ------------- ------------- ------------ --------------------- ------- Achieving a minimum of 5% compound growth 1 January per annum in 2016 - EPS covering 1/3 of 31 December 2016, 2017 and EPS Option 2018 Entry 2018 25% ------------------ ------------- ------------- ------------ --------------------- ------- Achieving a minimum of 15% compound growth per annum in EPS covering 2016, 2017 and Maximum 2018 100% ------------ -------------------------------------------------------------------- ------- 1 January 2016 - Relative 1/3 of 31 December Median of Comparator TSR Option 2018 Entry Group 25% ------------------ ------------- ------------- ------------ --------------------- ------- Upper quartile of Comparator Maximum Group 100% ------------ -------------------------------------------------------------------- ------- Achieve a minimum of 15 point Customer 1 January increase in Group NPS 2016 - Group NPS covering (Net Promoter 1/6 of 31 December 2016, 2017, Score) Option 2018 Entry 2018 25% ------------------ ------------- ------------- ------------ --------------------- ------- Achieve a minimum of 25 point increase in Group NPS covering 2016, 2017, Maximum 2018 100% ------------ -------------------------------------------------------------------- ------- People Achieve a minimum Group Engagement of 5% increase Score based 1 January in Group engagement on Sirota 2016 - levels covering 'My Countrywide' 1/6 of 31 December 2016, 2017, survey Option 2018 Entry 2018 25% ------------------ ------------- ------------- ------------ --------------------- ------- Achieve a minimum of 10% increase in Group engagement levels covering 2016, 2017, Maximum 2018 100% ------------ -------------------------------------------------------------------- ------- TSR underpin Applies 1 January Option shall not vest unless only to 2016 - the Remuneration Committee, proportion 31 December in its absolute discretion, of Option 2018 is satisfied that the Company's subject TSR performance over the Performance to Relative Period reflects the underlying TSR financial performance of the Company. ------------------ ------------- ------------- --------------------------------------------
*Between the performance levels stated above, vesting will be on a straight line basis.
Each Performance Condition operates separately and they will be tested by reference to performance achieved as at the end of the Performance Period. Any fraction of share arrived at by applying the Performance Condition shall be ignored.
If the Performance Condition(s) is not satisfied in full at the end of the Performance Period any portion that has not vested as a consequence of the Performance Condition not being satisfied in full shall lapse.
In exceptional circumstances, the Remuneration Committee may vary a Performance Condition in accordance with its terms or if anything happens which causes the Committee to consider it appropriate to amend the Performance Conditions, provided that the Remuneration Committee considers that any changed Performance Condition is fair and reasonable and will not be materially less or more challenging to satisfy than the original condition would have been but for such event occurring.
These options will vest on 22 March 2019 and may be exercised prior to 22 March 2026.
The attached notification is made in accordance with the requirements of the EU Market Abuse Regulation.
ENQUIRIES: Jim Clarke COUNTRYWIDE PLC (+44) 07979 477299
WEBSITE: http:// www.countrywide.co.uk
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1. Details of the PDMR / person closely associated ---- ------------------------------------------------------------------------ a) Name Helen Normoyle ---- ------------------------------- --------------------------------------- 2. Reason for the notification ---- ------------------------------------------------------------------------ a) Position Group Customer & Marketing Director / status (PDMR) ---- ------------------------------- --------------------------------------- b) Initial notification Initial notification / amendment ---- ------------------------------- --------------------------------------- 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ---- ------------------------------------------------------------------------ a) Name Countrywide plc ---- ------------------------------- --------------------------------------- b) LEI 213800N1OX24ENZUIK30 ---- ------------------------------- --------------------------------------- 4. 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 transactions have been conducted ---- ------------------------------------------------------------------------ a) Description Share options over ordinary shares of the financial of GBP0.01 each in Countrywide plc instrument, type of instrument Identification GB00B9NWP991 code ---- ------------------------------- --------------------------------------- b) Nature of Grant of options under the Countrywide the transaction Long-Term Incentive Plan ---- ------------------------------- --------------------------------------- c) Price(s) Price(s) Volume(s) and volume(s) ------------ ---------- GBPNIL GBP 83,862 ------------ ---------- ---- ------------------------------- --------------------------------------- d) Aggregated information * Aggregated volume 83,862 GBPNIL GBP * Price ------------------------------------ --------------------------------------- e) Date of the 2016-09-26 transaction
---- ------------------------------- --------------------------------------- f) Place of N/A the transaction ---- ------------------------------- ---------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHUNVVRNOAKUAR
(END) Dow Jones Newswires
September 26, 2016 12:25 ET (16:25 GMT)
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