INTU PROPERTIES PLC – Director/PDMR Awards under the Performance Share Plan

2019/06/12 12:00:00
SENS announcement for JSE listed company: ITU

ITU 201906120020A
Director/PDMR Awards under the Performance Share Plan

(Registration number UK3685527)
ISIN Code: GB0006834344
intu properties plc (‘intu’ or ‘the Company’)

Director/PDMR Awards under the Performance Share Plan (‘PSP’)

Following the appointment of Robert Allen as Chief Financial Officer of intu
with effect from Monday 10 June 2019, an award of 908,781 ordinary shares
under the PSP (equivalent to 200% of salary) was made to him on 10 June 2019.
The award is based on a market value of 88.03 pence per share.

The award comprises restricted shares which will vest, subject to the
satisfaction of performance conditions, in three equal tranches over three,
four and five years. The performance periods for the awards stretch from 1
January 2019 to 31 December 2021, 31 December 2022 and 31 December 2023
respectively. Holding periods will apply to this award of two years for the
portion of the award vesting after three years and one year for the portion
vesting after four years.

The performance conditions are as follows:

– 50% of the PSP award will vest subject to the satisfaction of an
absolute Share Return measure;
– The remaining 50% of the award will vest subject to the satisfaction of
a Relative Total Shareholder Return performance measure.

Further information regarding the details of the PSP performance conditions
can be found in the announcement made on 9 April 2019 (RNS Number 6585V).

Susan Marsden
Company Secretary
12 June 2019

JSE Sponsor:
Merrill Lynch South Africa (Pty) Limited

The information set out below is provided in accordance with the requirements
of Article 19(3) of the EU Market Abuse Regulation No 596/2014 and provides
further detail.

1. Details of PDMR/person closely associated with them (‘PCA’)

a) Name Robert Allen

b) Position/status CFO

c) Initial notification/ Initial Notification

2. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor

a) Name intu properties plc


3. 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 transaction(s) has been conducted

a) Description of the ORDINARY SHARES OF 50P
financial instrument
ISIN: GB0006834344

b) Nature of the Shares awarded for no consideration under the
transaction intu properties plc performance share plan.

c) Price(s) and Price(s) Volume(s)
volume(s) GBP pence 908,781

d) Aggregated
Not applicable
Aggregated volume

e) Date of the 10 June 2019

f) Place of the London Stock Exchange Main Market (XLON)

Date: 12/06/2019 12:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE’).
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.


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