DJ Long-Term Incentive Plan ('LTIP') grant
Hibernia REIT plc (HBRN)
Long-Term Incentive Plan ('LTIP') grant
29-Jul-2021 / 15:29 GMT/BST
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014
(MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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Long-Term Incentive Plan ("LTIP") grant
Hibernia REIT plc (the "Company") announces that on 27 July 2021 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 692,307
Tom Edwards-Moss 523,076
Other PDMRs LTIP Shares at nil consideration
Edwina Governey 201,922
Frank O'Neill 138,461
Gerard Doherty 213,461
Justin Dowling 201,922
Neil Menzies 115,384
Sean O'Dwyer 169,614
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 2022.
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 2021 LTIP grant.
These transactions took place outside 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@murraygroup.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. -----------------------------------------------------------------------------------------------------------------------
ISIN: IE00BGHQ1986 Category Code: DSH TIDM: HBRN LEI Code: 635400MHRA4QVVFTON18 Sequence No.: 118811 EQS News ID: 1222804 End of Announcement EQS News Service =------------------------------------------------------------------------------------ Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1222804&application_name=news
(END) Dow Jones Newswires
July 29, 2021 10:30 ET (14:30 GMT)
