Intu Properties PLC Director/PDMR Shareholding (9621B)

TIDMINTU

RNS Number : 9621B

Intu Properties PLC

12 June 2019

LEI: 213800JSNTERD5CJZO95

intu properties plc ("intu" or "the Company")

Director/PDMR Awards under the Performance Share Plan ("PSP")

Following the appointment of Robert Allen as Chief Financial Officer of intu with effect from Monday 10 June 2019, an award of 908,781 ordinary shares under the PSP (equivalent to 200% of salary) was made to him on 10 June 2019. The award is based on a market value of 88.03 pence per share.

The award comprises restricted shares which will vest, subject to the satisfaction of performance conditions, in three equal tranches over three, four and five years. The performance periods for the awards stretch from 1 January 2019 to 31 December 2021, 31 December 2022 and 31 December 2023 respectively. Holding periods will apply to this award of two years for the portion of the award vesting after three years and one year for the portion vesting after four years.

The performance conditions are as follows:

-- 50% of the PSP award will vest subject to the satisfaction of an absolute Share Return measure;

-- The remaining 50% of the award will vest subject to the satisfaction of a Relative Total Shareholder Return performance measure.

Further information regarding the details of the PSP performance conditions can be found in the announcement made on 9 April 2019 (RNS Number 6585V).

Susan Marsden

Company Secretary

12 June 2019

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014 and provides further detail.

 
1.  Details of PDMR/person closely associated with them ('PCA') 
a)  Name                            Robert Allen 
b)  Position/status                 CFO 
c)  Initial notification/           Initial Notification 
     amendment 
2.  Details of the issuer, emission allowance market participant, 
     auction platform, auctioneer or auction monitor 
a)  Name                            intu properties plc 
b)  LEI                             213800JSNTERD5CJZO95 
3.  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 transaction(s) 
     has been conducted 
a)  Description of                  ORDINARY SHARES OF 50P 
     the financial instrument        ISIN: GB0006834344 
b)  Nature of the transaction       Shares awarded for no consideration under the 
                                     intu properties plc performance share plan. 
c)  Price(s) and                         Price(s)               Volume(s) 
     volume(s)                            GBP pence 88.03        908,781 
d)  Aggregated information 
 
     Aggregated volume                Not applicable 
     Price 
e)  Date of the transaction         10 June 2019 
f)  Place of the transaction        London Stock Exchange Main Market (XLON) 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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June 12, 2019 06:00 ET (10:00 GMT)