| Thu 3 Jun 2010, 16:13 | | CSO - Capital Shopping Centres Group Plc - Directors` and PDMRs` Shareholdings |
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CSO
CSO
CSO - Capital Shopping Centres Group Plc - Directors` and PDMRs` Shareholdings
CAPITAL SHOPPING CENTRES GROUP PLC
(Registration number UK3685527)
ISIN Code: GB0006834344
JSE Code: CSO
Issuer Code: CSCSCG
DIRECTORS` AND PDMRs` SHAREHOLDINGS
In accordance with its obligations under DTR3.1.4(1)(a)R, Capital Shopping
Centres Group PLC (the "Company") announces the following:
A) SHARE OPTION GRANTS
On 26 May 2010, share options were granted to the Executive Directors and PDMRs
named below at an exercise price of 313p per share under the Company`s approved
and unapproved share option schemes. The options are subject to the following
performance condition: The Company`s "smoothed" earnings must grow over the
three year period following the year of grant at a rate in excess of 5% per
annum compound. "Smoothed" earnings growth means the percentage increase in
underlying earnings per share, adjusted by (a) excluding exceptional and
valuation items and (b) limiting trading or non-recurring items to 10% of profit
before tax. The base figure for comparison purposes will be the "smoothed"
earnings achieved, after adjustment for the demerger, in 2009 of 15.1p. The
options granted to Executive Directors and PDMRs were as follows:
Directors: Approved Options Unapproved Options
David Fischel - 607,000
Kay Chaldecott - 460,000
PDMRs:
Martin Ellis - 220,000
Susan Folger - 158,000
Hugh Ford - 306,000
Charles Forrester - 51,000
Caroline Kirby - 220,000
Matthew Roberts 9,584 437,416
Trevor Pereira - 201,000
B) ADJUSTMENT OF OUTSTANDING SHARE OPTIONS
Following the Company`s recent demerger, outstanding share options under the
Company`s approved and unapproved share option schemes have been adjusted to
take into account the reduction of capital which was registered on 7 May 2010.
The outstanding awards of options now held by Executive Directors and PDMRs are
as follows:
Grant Date Adjusted No. Adjusted No. Adjusted
of Approved of Unapproved Exercise
Options Options Price
Directors:
David Fischel 28/05/2009 11,041 649,648 271.69p
Kay Chaldecott 19/02/2004 - 33,034 528.24p
28/05/2009 11,041 451,441 271.69p
PDMRs:
Martin Ellis 19/02/2004 - 19,821 528.24p
28/05/2009 11,041 147,524 271.69p
Susan Folger 19/02/2004 - 26,428 528.24p
28/05/2009 11,041 88,062 271.69p
Hugh Ford 19/02/2004 5,678 33,963 528.24p
28/05/2009 - 264,276 271.69p
Charles Forrester 28/05/2009 11,041 55,027 271.69p
Caroline Kirby 19/02/2004 - 19,821 528.24p
28/05/2009 11,041 147,524 271.69p
Turner Newton 06/03/2002 - 105,710 429.10p
28/05/2009 - 158,565 271.69p
Trevor Pereira 28/05/2009 11,041 94,668 271.69p
Loraine Woodhouse 28/05/2009 11,041 68,241 271.69p
Susan Folger
Group Company Secretary
3 June 2010
020 7887 7073
Sponsor:
Merrill lynch South Africa (Pty) Limited
Date: 03/06/2010 16:13:01 Produced by the JSE SENS Department.
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