Homeserve Plc Director/PDMR Shareholding (6328V)

TIDMHSV

RNS Number : 6328V

Homeserve Plc

24 July 2018

HomeServe plc

Investment and Grant of Awards under the

HomeServe 2018 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          87,133 
                      ----------  ------------- 
 David Bower           Director          46,247 
                      ----------  ------------- 
 Johnathan Ford        Director          62,587 
                      ----------  ------------- 
 Tom Rusin             Director          74,699 
                      ----------  ------------- 
 H Stephen Phillips    PDMR              34,439 
                      ----------  ------------- 
 Guillaume Huser       PDMR              38,955 
                      ----------  ------------- 
 

Certain Directors and PDMRs have also been invited to invest some of their FY18 net annual bonus in Shares ("Investment Shares") under the LTIP. Investment Shares were purchased on 23 July 2018 at a price of GBP9.8897 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   No of Shares 
                                 Shares purchased     subject to 
                                                        Matching 
                                                           Award 
 Richard Harpin     Director               22,443         84,691 
                   ----------  ------------------  ------------- 
 David Bower        Director               11,956         45,117 
                   ----------  ------------------  ------------- 
 Tom Rusin          Director               17,806         67,192 
                   ----------  ------------------  ------------- 
 Guillaume Huser    PDMR                    9,304         35,109 
                   ----------  ------------------  ------------- 
 

24 July 2018

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July 24, 2018 11:12 ET (15:12 GMT)