Homeserve Plc Director/PDMR Shareholding (3354J)

TIDMHSV

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 GBP7.6775 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   No of Shares 
                                    Investment        subject 
                                        Shares    to Matching 
                                     purchased          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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June 27, 2017 10:50 ET (14:50 GMT)