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CHARTER HALL GROUP — Director's Dealing 2010
Dec 9, 2010
64645_rns_2010-12-09_5745cfc1-70ca-4ff9-9321-bc8accbd4048.pdf
Director's Dealing
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10 December 2010
Luxmy Wigneswaran Advisor, Issuers (Sydney) ASX Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2000
Level 11, 333 George Street Sydney NSW 2000 GPO Box 2704 Sydney NSW 2001 Tel +61 2 8908 4000 Fax +61 2 8908 4040 www.charterhall.com.au Charter Hall Limited ABN 57 113 531 150 Charter Hall Funds Management Limited ABN 31 082 991 786
Dear Ms Wigneswaran
Forfeiture of securities in the Executive Loan Security Plan
The attached Appendix 3Y’s have been lodged as a result of the forfeiture of certain securities held by the Executive Directors in the Executive Loan Security Plan (ELSP). The forfeiture relates to non vesting as a result of performance conditions not being met.
Of the securities still held by the Executive Directors within the ELSP (as shown in the Appendix 3Y’s):
-
Approximately 80% of the securities will be forfeited on 30 September 2011 as the performance condition will not be met.
-
Approximately 10% of the securities have vested, and remain in the ELSP, however the exercise price is $11.04 with a loan maturity date of July 2011. The securities are likely to lapse if not exercised by executives where the exercise strike price exceeds the market security price.
-
Approximately a further 10% of the securities have vested, and remain in the ELSP, however the exercise price is $5.08 with a loan maturity date of July 2012. The securities are likely to lapse if not exercised by executives where the exercise strike price exceeds the market security price.
The ELSP was suspended in 2008. Charter Hall Group’s current Long Term Incentive Plan (LTI) is the Performance Rights and Options Plan (PROP). Further details in regards to the PROP and the ELSP can be found in the Remuneration Report contained in Charter Hall Group’s 2010 Annual Report.
Please do not hesitate to contact the undersigned if you require further information.
Yours faithfully
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Nathan Francis Company Secretary
Appendix 3Y Change of Director’s Interest Notice
Rule 3.19A.2
Appendix 3Y
Change of Director’s Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.
Introduced 30/9/2001.
Name of entity Charter Hall Group formed by stapling the shares of Charter Hall Limited and the units of Charter Hall Property Trust Charter Hall Limited ABN 57 113 531 150 Charter Hall Property Trust ABN 72 051 224 311
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
| Name of Director | David Southon |
|---|---|
| Date of last notice | 16 November 2010 |
Part 1 - Change of director’s relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.
| Direct or indirect interest | Direct and Indirect |
|---|---|
| Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. |
1.Charter Hall Executive Loan Security Plan (ELSP). 2.Charter Hall Performance Rights and Options Plan (PROP) |
| Date of change | 9 December 2010 |
- See chapter 19 for defined terms.
Appendix 3Y Page 1
11/3/2002
Appendix 3Y Change of Director’s Interest Notice
| No. of securities held prior to change (on a pre consolidated basis) |
Direct – 2,048,360 securities Indirect – via a relevant interest of 2,689,645 securities in the Charter Hall Executive Loan Security Plan. The securities vest to plan members after performance and service criteria are met Indirect – via a relevant interest in 1,175,121 Options and 490,385 Performance Rights in the PROP. The securities vest to plan members after performance and service criteria are met. |
|
|---|---|---|
| Class | Securities | |
| Number acquired | Nil | |
| Number disposed (on a consolidated basis) | 546,075 securities forfeited from the Charter Hall Executive Loan Security Plan as a result of performance conditions not met. |
|
| Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation |
Nil | |
| No. of securities held after change (on a consolidated basis) |
Direct – 2,048,360 securities Indirect – via a relevant interest of 2,143,570 securities in the Charter Hall Executive Loan Security Plan. The securities vest after performance and service criteria are met Indirect – via a relevant interest in 1,175,121 Options and 490,385 Performance Rights in the PROP. The securities vest after performance and service criteria are met. |
- See chapter 19 for defined terms.
Appendix 3Y Page 2
11/3/2002
Appendix 3Y Change of Director’s Interest Notice
| Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back |
Forfeiture of Securities from the Charter Hall Executive Loan Security Plan |
|---|---|
Part 2 – Change of director’s interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.
Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change
- See chapter 19 for defined terms.
Appendix 3Y Page 3
11/3/2002
Appendix 3Y Change of Director’s Interest Notice
Rule 3.19A.2
Appendix 3Y
Change of Director’s Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.
Introduced 30/9/2001.
Name of entity Charter Hall Group formed by stapling the shares of Charter Hall Limited and the units of Charter Hall Property Trust Charter Hall Limited ABN 57 113 531 150 Charter Hall Property Trust ABN 72 051 224 311
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
| Name of Director | Cedric Fuchs |
|---|---|
| Date of last notice | 16 November 2010 |
Part 1 - Change of director’s relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.
| Direct or indirect interest | Indirect |
|---|---|
| Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. |
1. Charter Hall Executive Loan Security Plan (ELSP). 2. Cedayu Pty Limited – the trustee of the Fuchs Family Trust (of which Cedric Fuchs is also a beneficiary). Cedric Fuchs is a director and shareholder of Cedayu Pty Limited. 3.Charter Hall Performance Rights and Options Plan (PROP) |
| **Date of change ** | 9December 2010 |
- See chapter 19 for defined terms.
Appendix 3Y Page 1
11/3/2002
Appendix 3Y Change of Director’s Interest Notice
| No. of securities held prior to change (on a pre consolidation basis) |
Indirect – 1,358,649 stapled securities held by Cedayu Pty Limited, the trustee of the Fuchs Family Trust (which Cedric Fuchs is also a beneficiary). Cedric Fuchs is a director and shareholder of Cedayu Pty Limited. Indirect – via a relevant interest in 405,351 stapled securities in the Charter Hall Executive Loan Security Plan. The securities vest after performance and service criteria have been met. Indirect – via a relevant interest in 310,253 Options and 117,909 Performance Rights in the PROP. The securities vest after performance and service criteria are met. |
|
|---|---|---|
| Class | Securities | |
| Number acquired | Nil | |
| Number disposed (on a consolidated basis) |
93,195 securities forfeited from the Charter Hall Executive Loan Security Plan as a result of performance conditions not met. |
|
| Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation |
Nil | |
| No. of securities held after change (on a consolidated basis) |
Indirect – 1,358,649 stapled securities held by Cedayu Pty Limited, the trustee of the Fuchs Family Trust (which Cedric Fuchs is also a beneficiary). Cedric Fuchs is a director and shareholder of Cedayu Pty Limited. Indirect – via a relevant interest in 312,156 stapled securities in the Charter Hall Executive Loan Security Plan. The securities vest after performance and service criteria have been met. Indirect – via a relevant interest in 310,253 Options and 117,909 Performance Rights in the PROP. The securities vest to plan members after performance and service criteria are met. |
|
| Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back |
Forfeiture of Securities from the Charter Hall Executive Loan Security Plan. |
- See chapter 19 for defined terms.
Appendix 3Y Page 2
11/3/2002
Appendix 3Y Change of Director’s Interest Notice
Part 2 – Change of director’s interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.
Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change
- See chapter 19 for defined terms.
Appendix 3Y Page 3
11/3/2002
Appendix 3Y Change of Director’s Interest Notice
Rule 3.19A.2
Appendix 3Y
Change of Director’s Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.
Introduced 30/9/2001.
Name of entity Charter Hall Group formed by stapling the shares of Charter Hall Limited and the units of Charter Hall Property Trust Charter Hall Limited ABN 57 113 531 150 Charter Hall Property Trust ABN 72 051 224 311
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
Name of Director David Harrison Date of last notice 16 November 2010
Part 1 - Change of director’s relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.
| Direct or indirect interest | Direct and Indirect |
|---|---|
| Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. |
1.Portmist Pty Limited 2.Charter Hall Executive Loan Security Plan (ELSP) 3.Charter Hall Performance Rights and Options Plan (PROP) |
| Date of change | 9 December 2010 |
- See chapter 19 for defined terms.
Appendix 3Y Page 1
11/3/2002
Appendix 3Y Change of Director’s Interest Notice
| No. of securities held prior to change (on a pre consolidated basis) |
Direct – 1,431,023 securities Indirect – via an interest in Portmist Pty Ltd which holds 578,498 securities. David Harrison is a shareholder and Director of Portmist Pty Ltd. Indirect – via a relevant interest in 2,700,471 securities in the Charter Hall Executive Loan Security Plan. The securities vest to plan members after performance and service criteria are met. Indirect – via a relevant interest in 1,175,121 Options and 490,385 Performance Rights in the PROP. The securities vest to plan members after performance and service criteria are met. |
|
|---|---|---|
| Class | Securities | |
| Number acquired | Nil | |
| Number disposed (on a consolidated basis) | 549,683 securities forfeited from the Charter Hall Executive Loan Security Plan as a result of performance conditions not met. |
|
| Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation |
Nil | |
| No. of securities held after change (on a consolidated basis) |
Direct – 1,431,023 securities Indirect – via an interest in Portmist Pty Ltd which holds 578,498 securities. David Harrison is a shareholder and Director of Portmist Pty Ltd. Indirect – via a relevant interest in 2,150,788 securities in the Charter Hall Executive Loan Security Plan. The securities vest after performance and service criteria are met. Indirect – via a relevant interest in 1,175,121 Options and 490,385 Performance Rights in the PROP. The securities vest after performance and service criteria are met. |
- See chapter 19 for defined terms.
Appendix 3Y Page 2
11/3/2002
Appendix 3Y Change of Director’s Interest Notice
| Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back |
Forfeiture of Securities from the Charter Hall Executive Loan Security Plan. |
|---|---|
Part 2 – Change of director’s interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.
Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change
- See chapter 19 for defined terms.
Appendix 3Y Page 3
11/3/2002