Hibernia REIT PLC Long-Term Incentive Plan ("LTIP") grant (8168U)
July 31 2020 - 9:15AM
UK Regulatory
TIDMHBRN
RNS Number : 8168U
Hibernia REIT PLC
31 July 2020
Long-Term Incentive Plan ("LTIP") grant
Hibernia REIT plc (the "Company") announces that on 29 July 2020
conditional awards of the Company's ordinary shares of EUR0.10 cent
each ("LTIP Shares") under the LTIP were granted to Executive
Directors and other Persons Discharging Managerial Responsibilities
("PDMRs") as outlined below.
Directors LTIP Shares
at nil consideration
Kevin Nowlan 807,899
----------------------
Tom Edwards-Moss 610,412
----------------------
Other PDMRs LTIP Shares
at nil consideration
----------------------
Edwina Governey 235,637
----------------------
Justin Dowling 235,637
----------------------
Sean O'Dwyer 197,935
----------------------
Frank O'Neill 161,579
----------------------
Gerard Doherty 188,509
----------------------
The above LTIP Shares vest after three years, subject to the
following performance conditions: Relative Total Shareholder
Return, Relative Total Property Return and Total Accounting Return
per share. Details of the performance targets will be set out in
full in the Company's Remuneration Committee Report for the year
ending 31 March 2021.
The Remuneration Committee retains the discretion to make
adjustments to the vesting if it considers that the formulaic
outcomes resulting from the application of the performance
conditions are not a fair and accurate reflection of Group or
individual performance. This includes consideration of any windfall
gains resulting from share price volatility due to the timing of
the 2020 LTIP grant.
These transactions took place outside of a trading venue.
This notification is made in accordance with the requirements of
the EU Market Abuse Regulation. The identification code for the
Company's ordinary shares of EUR0.10 cent each is IE00BGHQ1986 and
the LEI code for
the Company is 635400MHRA4QVVFTON18.
ENDS
Contacts:
Hibernia REIT plc +353 1 536 9100
Tom Edwards-Moss, Chief Financial Officer
Sean O'Dwyer, Company Secretary
Murray Consultants
Doug Keatinge: +353 86 037 4163 , dkeatinge@murray group.ie
Andrew Smith: +353 83 076 5717, asmith@murraygroup.ie
About Hibernia REIT plc
Hibernia REIT plc is an Irish Real Estate Investment Trust
("REIT"), listed on Euronext Dublin and the London Stock Exchange.
Hibernia owns and develops property and specialises in Dublin city
centre offices.
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 rns@lseg.com or visit www.rns.com.
END
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