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
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| a) | Name | Michael Rice
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|
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| Reason for the notification
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| a) | Position/status | Chief Financial Officer/PDMR
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| b) | Initial Notification Amendment | Initial notification
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| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Glenveagh Properties plc
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| 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 of the financial instrument, type of instrument Identification code | Glenveagh Properties plc Ordinary Shares of €0.001 each ISIN: IE00BD6JX574
| ||||
| b) | Nature of the transaction | Grant of nominal priced options under the Glenveagh Properties plc Long Term Incentive Plan
| ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | ||||
| e) | Date of the transaction | 1 April 2021
| ||||
| f) | Place of the transaction | Outside a trading venue
| ||||
| g) | Additional Information | Period during which options can be exercised:
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 Amendment | Initial notification
| ||||
| 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 of the financial instrument, type of instrument Identification code | Glenveagh Properties plc Ordinary Shares of €0.001 each ISIN: IE00BD6JX574
| ||||
| b) | Nature of the transaction | Grant of nominal priced options under the Glenveagh Properties plc Long Term Incentive Plan
| ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | ||||
| e) | Date of the transaction | 1 April 2021
| ||||
| f) | Place of the transaction | Outside a trading venue
| ||||
| g) | Additional Information | Period during which options can be exercised:
31 March 2024 to 1 April 2028
| ||||
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