Intu Properties plc ("the Company")
DIRECTORS' AND PDMRs' SHAREHOLDINGS
AWARDS UNDER THE ANNUAL BONUS SCHEME AND THE SHARE INCENTIVE PLAN ("SIP")
Under the Company's annual bonus scheme arrangements, conditional awards of the
Company's ordinary shares have been made to certain employees including
Executive Directors and PDMRs. The awards comprise Restricted shares which will
be released two and three years after the date of the award, provided the
individual Director or PDMR has remained in service. The Company also operates
a Share Incentive Plan ("SIP") for all eligible employees, including Executive
Directors and PDMRs, who may receive up to £3,000 worth of Intu Properties plc
ordinary shares as part of their bonus arrangements.
SHARE OPTION GRANTS
On 29 April 2014, share options were granted to certain employees including two
PDMRs at an exercise price of 292 pence per share. The options will be
exercisable between three and ten years following the date of grant.
PERFORMANCE SHARE PLAN ("PSP")
Awards pursuant to the PSP have been made to members of the Executive Committee
as set out in the table below based on a market value of 292 pence per share.
PSP awards will vest, subject to the satisfaction of performance conditions, in
three equal tranches over three, four and five years.
Details of the PSP awards and the award of Restricted shares, SIP shares and
(where applicable) options to Directors and PDMRs in respect of the year ended
31 December 2013 are set out below:
Restricted SIP Share Options PSP
2 years 3 years Approved Unapproved
Directors:
David Fischel 30,655 29,627 1,027 - - 467,019
Matthew Roberts 24,558 25,530 1,027 - - 359,244
PDMRs:
Mike Butterworth 19,309 18,282 1,027 - - 275,682
Martin Ellis 8,561 7,534 1,027 - - 102,738
Hugh Ford 13,895 12,868 1,027 - - 148,218
Susan Marsden 5,115 4,088 1,027 - - 50,367
Gordon McKinnon 6,526 - 1,003 10,273 55,727 -
Trevor Pereira 8,561 7,534 1,027 - - 102,738
Peter Weir 6,666 5,639 1,027 - - 53,334
Julian Wilkinson 6,277 - 965 10,273 44,727 -
EXERCISE OF OPTIONS
On 12 May 2014, Martin Ellis, Construction Director, exercised options over
Intu Properties plc shares consisting of 172,455 options granted in 2009 at an
exercise price of £2.3241 per share. These options were granted under the
Company's unapproved share option scheme. Mr Ellis sold all of the shares
subject to the options at a price of £3.022 per share, and therefore his total
interest in Intu Properties plc shares remains at 12,857 (0.001%) following the
exercise.
Simon Maynard
Assistant Company Secretary
13 May 2014
Tel: +44 (0)20 7887 7108