Glenveagh Properties PLC Awards under the Long Term Incentive Plan (5720U)
April 06 2021 - 12:00PM
UK Regulatory
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: +353 (1) 556 5600
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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