Countrywide PLC Director/PDMR Shareholding (2580S)

TIDMCWD

RNS Number : 2580S

Countrywide PLC

29 September 2017

29 September 2017

Countrywide plc

("Countrywide" or the "Company")

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility

and Connected Persons

Countrywide plc announces that on 29 September 2017, the Remuneration Committee approved the grant of nil cost options under the Countrywide Long-Term Incentive Plan to the following person discharging managerial responsibilities:

 
 Name              Number of Ordinary Shares   Number of Ordinary Shares   Total number of Ordinary     Exercise Price 
                   subject to performance      not subject to              Shares subject to the 
                   conditions                  performance conditions      Option 
----------------  --------------------------  --------------------------  ---------------------------  --------------- 
 Grant Dempster    20,936                      10,468                      31,404                       nil 
----------------  --------------------------  --------------------------  ---------------------------  --------------- 
 

Performance conditions, relating to Earnings Per Share targets, Total Shareholder Return targets, market share targets, customer group net promoter score targets and people group engagement score targets, as measured over a three year period, will determine the extent to which some of the options will vest. To the extent an option is not subject to performance conditions, it will vest on the normal vesting date, subject to the provisions of the rules. The number of options shown is the maximum available if all conditions relating to awards are satisfied in full. Performance conditions may, in exceptional circumstances, be amended in accordance with the rules of the Long-Term Incentive Plan.

These options will, subject to satisfaction of performance conditions, vest on 2 May 2020 and may be exercised prior to 2 May 2027.

The attached notifications, made in accordance with requirements of the EU Market Abuse Regulation, give further details of the options granted.

 
 ENQUIRIES:         Alix Nicholson (Deputy 
                     Company Secretary) 
 COUNTRYWIDE PLC    ([phone] 
 

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                            Grant Dempster 
---  ------------------------------  -------------------------------------------- 
 2.   Reason for the notification 
---  ---------------------------------------------------------------------------- 
 a)   Position                        PDMR, Chief Risk & Compliance Officer 
       / status 
---  ------------------------------  -------------------------------------------- 
 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. 
                                       Options are subject to certain performance 
                                       conditions measured over a three-year 
                                       performance period. 
---  ------------------------------  -------------------------------------------- 
 c)   Price(s)                         Price(s)      Volume(s) 
       and volume(s)                   ------------  ---------- 
                                        GBPNIL GBP    31,404 
                                       ------------  ---------- 
---  ------------------------------  -------------------------------------------- 
 d)   Aggregated 
       information 
                                      N/A 
             *    Aggregated volume 
                                      GBPNIL GBP 
             *    Price 
---  ------------------------------  -------------------------------------------- 
 e)   Date of the                                2017-09-29 (Date of Grant) 
       transaction 
---  ------------------------------  -------------------------------------------- 
 f)   Place of                        N/A 
       the transaction 
---  ------------------------------  -------------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 29, 2017 06:35 ET (10:35 GMT)