REG - Hays PLC - Director/PDMR Shareholding <Origin Href="QuoteRef">HAYS.L</Origin>

HaysAnnouncement

17/11/2014 11:10

RNS Number : 1892X
Hays PLC
17 November 2014
NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY 
Hays plc (the "Company")
In accordance with Disclosure and Transparency Rule 3.1, the Company hereby notifies the market of the following. 
Hays plc Performance Share Plan ("PSP")
In London on 14 November 2014 the Remuneration Committee granted the following nil cost awards to the PDMRs listed in the table below under the Company's PSP.
The PSP is a performance share plan which provides participants with the conditional right, subject to performance conditions being met, to receive ordinary shares of one pence each in the Company. The awards granted in 2014 will be measured against the performance conditions after three financial years commencing 1 July 2014. 
PDMR
NO. OF SHARES AWARDED UNDER PSP
Alistair Cox*
976,666
Paul Venables*
704,175
Nick Cox
336,950
Sholto Douglas-Home
212,607
Doug Evans
251,725
John Faraguna
226,167
Nigel Heap
449,102
Robert Potter
240,770
Steve Weston
231,139
* Denotes a Director of the Company.
The shares will be released to the PDMRs subject to their continued employment and the satisfaction of the following performance conditions:-
 one third based on the Group's Cumulative Earnings Per Share; 
 one third based on relative Total Shareholder Return against an agreed comparator group; and
 one third based on Cumulative Cash Conversion.
One quarter of each component will vest at threshold performance, rising on a straight line basis to full vesting for maximum performance. For the TSR component one quarter of the shares will vest for median performance, with full vesting for upper quartile performance. Vesting of the TSR component is also subject to satisfactory financial performance, as determined by the Remuneration Committee.
The targets for the EPS and Cash Conversion performance conditions will be disclosed in the Company's 2015 Annual Report on Remuneration.
Chris Winters 
Deputy Company Secretary 
Hays plc 
17 November 2014

This information is provided by RNS
The company news service from the London Stock Exchange
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