HARWORTH GROUP PLC

Remuneration Information • May 26, 2016

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RNS Number : 3302Z

Harworth Group PLC

26 May 2016

HARWORTH GROUP PLC

DIRECTOR / PDMR SHAREHOLDING

Harworth Group plc (the "Company" or the "Group"), announces that on 25 May 2016 it has made certain nil cost option awards over 812,953 ordinary shares of 10 pence each ("Ordinary Shares") to its executive directors, and other persons discharging managerial responsibilities ("PDMRs") under its Long Term Incentive Plan (the "LTIP") the introduction of which was approved by the Company's shareholders at the Company's Annual General Meeting held on 26 April 2016 ("AGM").

The awards have been made to the Group's Executive Directors and other PDMRs as follows:

Executive Director/PDMR	Position	Maximum number of Ordinary Shares awarded under option in respect of 2016 LTIP	Maximum number of Ordinary Shares outstanding under the LTIP at the date of this announcement
Owen Michaelson	Chief Executive Officer, Harworth Group plc	313,957	313,957
Andrew Kirkman	Finance Director, Harworth Group plc	213,903	213,903
Phil Wilson	Managing Director - Capital Growth, Harworth Estates	144,385	144,385
Ian Ball	Executive Director - Income Generation, Harworth Estates	103,275	103,275
Gary Owens	Director - Acquisitions, Harworth Estates	37,433	37,433

The number of Ordinary Shares stated is the maximum number that could be issued to each Executive Director or PDMR upon full satisfaction of the performance conditions attached to the 2016 awards.

The performance conditions are based on the achievement of targets linked to the Group's (i) total return and (ii) relative total shareholder return, as more fully set out in the Directors' Remuneration Report of the Company's 2015 Annual Report and Accounts.

Assuming satisfaction of the conditions in full, the awards will ordinarily vest on or after 25 May 2019 and will remain available to be exercised for a period of seven years. 50% of such vested Ordinary Shares will be subject to a minimum two-year post-vesting holding period.

As at the date of this announcement, a total of 812,953 Shares conditionally awarded to executive directors, PDMRs and employees of the Group remain outstanding and subject to performance conditions.

-ENDS-

Enquiries:

Harworth Group plc	Tel +44 (0) 114 254 1212
Geoff Mason
Company Secretary
Cardew Group	Tel: +44 (0)20 7930 0777
Emma Crawshaw/ Shan Shan Willenbrock

Notes to Editors:

Harworth Group Plc is a leading property and development company which owns and manages a portfolio of some 27,000 acres of land across approximately 200 sites located throughout the Midlands and North of England.

The Company specialises in the regeneration of former coalfield sites and other brownfield land into employment areas, new residential properties and low carbon energy projects.

http://www.harworthgroup.com/ 

This information is provided by RNS

The company news service from the London Stock Exchange

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