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RNS Number : 8224D

Development Securities PLC

02 February 2015

Notification of transactions of Directors, Persons Discharging Managerial Responsibility or connected persons

Grant of saye options

On 22 December 2014, Grants of Options were made through the Development Securities PLC Approved Save As You Earn Option Plan (the "Plan"). The options were in respect of ordinary shares of 50 pence each in the share capital of Development Securities Plc.

All employees of the Company were eligible to subscribe for share options at GBP1.792 under the Plan which are exercisable at the end of a three year savings contract ending 1 February 2018. The Plan rules follow HMRC guidance and limit each employee to a maximum saving of GBP500 per month over the three year period of the Plan.

Options have been granted to the following Executive Directors who elected to participate in the Plan:

 
 Director/PDMR     Number of Share    Option Price 
                    Options Granted 
----------------  -----------------  ------------- 
 Matthew Weiner    10044              GBP1.792 
----------------  -----------------  ------------- 
 Marcus Shepherd   10044              GBP1.792 
----------------  -----------------  ------------- 
 

For further information please contact:

Chris Barton

Company Secretary

Development Securities PLC

Portland House

Bressenden Place

London

SW1E 5DS

Tel: 020 7828 4777

This information is provided by RNS

The company news service from the London Stock Exchange

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