Homeserve Plc Director/PDMR Shareholding (3897E)

TIDMHSV

RNS Number : 3897E

Homeserve Plc

03 July 2019

HomeServe plc

Vesting of Awards under the

HomeServe 2008 Long Term Incentive Plan (the 'LTIP')

A number of Directors and PDMRs have acquired shares following the vesting of shares under the LTIP.

The awards were granted on 1 July 2016. The Performance and Matching awards were subject to two performance conditions as follows:

-- 75% of the awards was subject to a performance condition based on the compound annual percentage growth of the Company's EPS over the three years to 31 March 2019.

-- 25% of the awards was subject to a performance condition based on the Company's TSR performance against the TSR performance of the FTSE 250 Index over the three years to 31 March 2019.

Awards were structured as nil cost options or as conditional awards and were exercised or vested on 3 July 2019.

The details are as follows:

 
 Name              Status      Type of Award      No of       Number     Number of      % of issued 
                                                 Shares    of Shares    Shares now    share capital 
                                                 Vested         Sold          held 
 Richard Harpin    Director    Performance      209,426          Nil    40,530,714            12.1% 
                  ----------  ---------------  --------  -----------  ------------  --------------- 
 Richard Harpin    Director    Matching         155,521 
                  ----------  ---------------  --------  -----------  ------------  --------------- 
 David Bower       Director    Performance       31,779       31,779       124,454            0.04% 
                  ----------  ---------------  --------  -----------  ------------  --------------- 
 Tom Rusin         Director    Performance      154,216      123,876       681,486             0.2% 
                  ----------  ---------------  --------  -----------  ------------  --------------- 
 Tom Rusin         Director    Matching         112,223 
                  ----------  ---------------  --------  -----------  ------------  --------------- 
 

Shares were sold at an average price of GBP11.83415 on 3 July 2019.

3 July 2019

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July 03, 2019 08:16 ET (12:16 GMT)