Hammerson plc CEO Exercises Options, Sells Shares to Cover Tax Liability

Strategic Insights -

Rita-Rose Gagne, the Chief Executive and Executive Director of Hammerson plc, exercised nil-cost options over 205,737 ordinary shares on June 19, 2025, as part of the company's Deferred Bonus Share Scheme. This move was made under the scheme that vested on March 20, 2025. The shares were subsequently sold to cover the tax and national insurance liability arising from the exercise of the award, resulting in a net retainment of 108,700 shares by Gagne.

Key Takeaways:

  • Rita-Rose Gagne, Hammerson plc's CEO, exercised 205,737 nil-cost options over ordinary shares on June 19, 2025.
  • These shares were part of the company's Deferred Bonus Share Scheme, which vested on March 20, 2025.
  • A portion of the exercised shares were sold to cover Gagne's tax and national insurance liability, amounting to 97,037 shares.
  • The sale of shares occurred at a price of £2.921344 per share.
  • The remaining 108,700 shares were retained by Gagne after the exercise and sale of shares.
  • This announcement is made in compliance with the UK Market Abuse Regulation.
  • The Hammerson plc Deferred Bonus Share Scheme is a share incentive plan that allows PDMRs to receive share awards.

Statistics:

  • 205,737 ordinary shares were exercised by Rita-Rose Gagne on June 19, 2025.
  • £2,921,344 (PS2,921,344) was the total value of shares sold to cover Gagne's tax and national insurance liability.
  • 97,037 shares were sold to cover the tax liability.
  • 108,700 shares were retained by Gagne after the exercise and sale of shares.
  • Hammerson plc's Deferred Bonus Share Scheme is a nil-cost option scheme that requires PDMRs to pay tax and national insurance on the exercise of share awards.

Sources:

  • Hammerson plc Company Announcement (June 23, 2025)
  • UK Market Abuse Regulation