Countrywide PLC Director/PDMR Shareholding (0340E)

TIDMCWD

RNS Number : 0340E

Countrywide PLC

03 May 2017

3 May 2017

Countrywide plc

("Countrywide" or the "Company")

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

Countrywide plc announces that on 2 May 2017, the Remuneration Committee approved the grant of nil cost options under the Countrywide Long-Term Incentive Plan to the following persons discharging managerial responsibilities:

 
 Name            Number of ordinary shares   Exercise Price 
                   subject to the option 
--------------  --------------------------  --------------- 
 Alison Platt             508,100                 nil 
--------------  --------------------------  --------------- 
 Jim Clarke               260,383                 nil 
--------------  --------------------------  --------------- 
 Total                    768,483 
--------------  --------------------------  ---------------

Performance Conditions

Performance conditions, relating to Earnings Per Share targets, Total Shareholder Return targets, market share targets, customer group net promoter score targets and people group engagement score targets, as measured over a three year period, will determine the extent to which some of the options will vest. The number of options shown is the maximum available if performance conditions relating to awards are satisfied in full. Performance conditions may, in exceptional circumstances, be amended in accordance with the rules of the Long-Term Incentive Plan.

These options will, subject to satisfaction of performance conditions, vest on 2 May 2020 and may be exercised prior to 2 May 2027.

The attached notifications, made in accordance with requirements of the EU Market Abuse Regulation, give further details of the options granted.

 
 ENQUIRIES:         Alix Nicholson (Deputy 
                     Company Secretary) 
 COUNTRYWIDE PLC    (+44) 01245 294007

WEBSITE: http:// www.countrywide.co.uk

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1.   Details of the PDMR / person closely associated 
---  ---------------------------------------------------------------------------- 
 a)   Name                                 1. Alison Platt 
                                            2. Jim Clarke 
---  ------------------------------  -------------------------------------------- 
 2.   Reason for the notification 
---  ---------------------------------------------------------------------------- 
 a)   Position                             1. PDMR - Chief Executive Officer 
       / status                             2. PDMR - Chief Financial Officer 
---  ------------------------------  -------------------------------------------- 
 b)   Initial notification            Initial notification 
       / amendment 
---  ------------------------------  -------------------------------------------- 
 3.   Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  ---------------------------------------------------------------------------- 
 a)   Name                            Countrywide plc 
---  ------------------------------  -------------------------------------------- 
 b)   LEI                             213800N1OX24ENZUIK30 
---  ------------------------------  -------------------------------------------- 
 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                     Share options over ordinary shares 
       of the financial                of GBP0.01 each in Countrywide plc 
       instrument, 
       type of instrument 
       Identification                  GB00B9NWP991 
       code 
---  ------------------------------  -------------------------------------------- 
 b)   Nature of                       Grant of options under the Countrywide 
       the transaction                 Long-Term Incentive Plan 
                                       Options are subject to certain performance 
                                       conditions and a two year holding 
                                       period post vesting. 
---  ------------------------------  -------------------------------------------- 
 c)   Price(s)                         Price(s)     Volume(s) 
       and volume(s)                   -----------  ----------------- 
                                        GBPNIL GBP        1. 508,100 
                                                           2. 260,383 
                                       -----------  ----------------- 
---  ------------------------------  -------------------------------------------- 
 d)   Aggregated 
       information 
                                      N/A 
             *    Aggregated volume 
                                      GBPNIL GBP 
             *    Price 
---  ------------------------------  -------------------------------------------- 
 e)   Date of the                          1. 2017-05-02 
       transaction 
                                            2. 2017-05-02 
---  ------------------------------  -------------------------------------------- 
 f)   Place of                        N/A 
       the transaction 
---  ------------------------------  --------------------------------------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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