Glenveagh Properties PLC Awards under the Long Term Incentive Plan (5720U)

TIDMGLV

RNS Number : 5720U

Glenveagh Properties PLC

06 April 2021

6 April 2021

GLENVEAGH PROPERTIES PLC

AWARDS UNDER THE GLENVEAGH PROPERTIES PLC LONG TERM INCENTIVE PLAN

On 1 April 2021, awards, as set out below, were granted under the Glenveagh Properties plc Long Term Incentive Plan ("LTIP").

These 2021 LTIP awards are subject to TSR for 50% of the award and earnings per share (EPS) targets for the other 50%. The TSR targets are set out in our 2020 Remuneration Report and we said we would disclose the EPS targets at the time the 2021 LTIP awards were granted. However, given the continued volatility and lack of visibility to longer term performance due to COVID-19, the Remuneration Committee has agreed to defer finalising the EPS target range until no later than six months following the grant of the 2021 awards when it should have better visibility of longer-term financial performance. The EPS target range will be disclosed to the market at the time it is finalised.

For further information, please contact:

Glenveagh Properties plc

Chloe McCarthy

Company Secretary

Tel: [phone]

Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them

[This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
===  =========================================================================== 
 a)   Name                   Michael Rice 
     =====================  ==================================================== 
 
      Reason for the notification 
     =========================================================================== 
 a)   Position/status        Chief Financial Officer/PDMR 
     =====================  ==================================================== 
 b)   Initial Notification   Initial notification 
       Amendment 
     =====================  ==================================================== 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     =========================================================================== 
 a)   Name                   Glenveagh Properties plc 
     =====================  ==================================================== 
 b)   LEI                    635400QUQ2YYGMOAK834 
     =====================  ==================================================== 
 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            Glenveagh Properties plc Ordinary Shares of 
       of the financial       EUR0.001 each 
       instrument,            ISIN: IE00BD6JX574 
       type of 
       instrument 
       Identification 
       code 
     =====================  ==================================================== 
 b)   Nature of              Grant of nominal priced options under the Glenveagh 
       the transaction        Properties plc Long Term Incentive Plan 
     =====================  ==================================================== 
 c)   Price(s) and             Price(s)   Volume(s) 
       volume(s)                EUR0.001   399,493 
                                          ========== 
     =====================  ==================================================== 
 d)   Aggregated 
       information             Not applicable - single transaction 
       - Aggregated 
       volume 
       - Price 
     =====================  ==================================================== 
 e)   Date of the            1 April 2021 
       transaction 
     =====================  ==================================================== 
 f)   Place of the           Outside a trading venue 
       transaction 
     =====================  ==================================================== 
 g)   Additional             Period during which options can be exercised: 
       Information 
                              31 March 2024 to 1 April 2028 
     =====================  ==================================================== 
 

Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them

[This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
===  =========================================================================== 
 a)   Name                   Chloe McCarthy 
     =====================  ==================================================== 
 
      Reason for the notification 
     =========================================================================== 
 a)   Position/status        Company Secretary/PDMR 
     =====================  ==================================================== 
 b)   Initial Notification   Initial notification 
       Amendment 
     =====================  ==================================================== 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     =========================================================================== 
 a)   Name                   Glenveagh Properties plc 
     =====================  ==================================================== 
 b)   LEI                    635400QUQ2YYGMOAK834 
     =====================  ==================================================== 
 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            Glenveagh Properties plc Ordinary Shares of 
       of the financial       EUR0.001 each 
       instrument,            ISIN: IE00BD6JX574 
       type of 
       instrument 
       Identification 
       code 
     =====================  ==================================================== 
 b)   Nature of              Grant of nominal priced options under the Glenveagh 
       the transaction        Properties plc Long Term Incentive Plan 
     =====================  ==================================================== 
 c)   Price(s) and             Price(s)   Volume(s) 
       volume(s)                EUR0.001   104,629 
                                          ========== 
     =====================  ==================================================== 
 d)   Aggregated 
       information             Not applicable - single transaction 
       - Aggregated 
       volume 
       - Price 
     =====================  ==================================================== 
 e)   Date of the            1 April 2021 
       transaction 
     =====================  ==================================================== 
 f)   Place of the           Outside a trading venue 
       transaction 
     =====================  ==================================================== 
 g)   Additional             Period during which options can be exercised: 
       Information 
                              31 March 2024 to 1 April 2028 
     =====================  ==================================================== 
 

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April 06, 2021 13:00 ET (17:00 GMT)