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Ann: RELINT: DOW: Change of Director's Interest Notice

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    • Release Date: 14/08/15 16:37
    • Summary: RELINT: DOW: Change of Director's Interest Notice
    • Price Sensitive: No
    • Download Document  6.28KB
    					DOW
    14/08/2015 16:37
    RELINT
    NOT PRICE SENSITIVE
    REL: 1637 HRS Downer EDI Limited
    
    RELINT: DOW: Change of Director's Interest Notice
    
    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 30/09/01  Amended 01/01/11
    
    Name of entity Downer EDI Limited
    ABN  97 003 872 848
    
    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 Grant Anthony Fenn
    Date of last notice 10 July 2015
    
    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 (53,906 shares) & Indirect (572,586
    ordinary shares and 1,200,505 performance rights, each representing a right
    to one ordinary share).
    Nature of indirect interest
    (including registered holder)
    Note: Provide details of the circumstances giving rise to the relevant
    interest.
     Held by CPU Share Plans Pty Ltd (Trustee of the Downer EDI Limited Deferred
    Employee Share Plan)
    
    Date of change 13 August 2015.
    No. of securities held prior to change 355,665 ordinary shares.
    
    In addition, 216,921 ordinary shares granted under the 2012 LTI Plan have met
    the relevant performance hurdles. A continued employment condition to 31
    December 2015 applies to these shares.
    
    No. of securities held prior to change (continued) 1,200,505 performance
    rights, each representing a right to one ordinary share, comprising of:
    1. 2013 LTI Plan
    445,682 performance rights. The grant is comprised of two tranches of 222,841
    performance rights each. One tranche has a relative TSR performance hurdle
    for the three years to 31 December 2015. The other tranche has a compound
    annual EPS growth rate performance hurdle for the three years to 31 December
    2015. A continued employment condition to 31 December 2016 applies to both
    tranches.
    2. 2014 LTI Plan
    243,576 performance rights. The grant is comprised of two tranches of 121,788
    performance rights each. One tranche has a relative TSR performance hurdle
    for the 2.5 years to 30 June 2016. The other tranche has a compound annual
    EPS growth rate performance hurdle for the 2.5 years to 30 June 2016. A
    continued employment condition to 30 June 2017 applies to both tranches.
    3. 2015 LTI Plan
    511,247 performance rights. The grant is comprised of three tranches:
    a. 170,416 performance rights with a relative TSR performance hurdle for the
    three years to 30 June 2017;
    b. 170,416 performance rights with a compound annual EPS growth rate
    performance hurdle for the three years to 30 June 2017; and
    c. 170,415 performance rights with a scorecard performance hurdle for the
    three years to 30 June 2017
    
    A continued employment condition to 31 December 2016 applies to each tranche.
    
    Class Ordinary
    Number acquired
    
     53,906 ordinary shares.
    Number disposed Not applicable
    Value/Consideration
    Note: If consideration is non-cash, provide details and estimated valuation
     $3.7816 per share
    No. of securities held after change 409,571 ordinary shares.
    
    In addition, 216,921 ordinary shares granted under the 2012 LTI Plan have met
    the relevant performance hurdles. A continued employment condition to 31
    December 2015 applies to these shares.
    
    1,200,505 performance rights, each representing a right to one ordinary
    share, comprising of:
    4. 2013 LTI Plan
    445,682 performance rights. The grant is comprised of two tranches of 222,841
    performance rights each. One tranche has a relative TSR performance hurdle
    for the three years to 31 December 2015. The other tranche has a compound
    annual EPS growth rate performance hurdle for the three years to 31 December
    2015. A continued employment condition to 31 December 2016 applies to both
    tranches.
    5. 2014 LTI Plan
    243,576 performance rights. The grant is comprised of two tranches of 121,788
    performance rights each. One tranche has a relative TSR performance hurdle
    for the 2.5 years to 30 June 2016. The other tranche has a compound annual
    EPS growth rate performance hurdle for the 2.5 years to 30 June 2016. A
    continued employment condition to 30 June 2017 applies to both tranches.
    6. 2015 LTI Plan
    511,247 performance rights. The grant is comprised of three tranches:
    a. 170,416 performance rights with a relative TSR performance hurdle for the
    three years to 30 June 2017;
    b. 170,416 performance rights with a compound annual EPS growth rate
    performance hurdle for the three years to 30 June 2017; and
    c. 170,415 performance rights with a scorecard performance hurdle for the
    three years to 30 June 2017
    
    A continued employment condition to 31 December 2016 applies to each tranche.
    
    Nature of change
    Example: on-market trade, off-market trade, exercise of options, issue of
    securities under dividend reinvestment plan, participation in buy-back 53,906
    shares have been allocated to Mr Fenn from the employee share plan trust in
    satisfaction of the First Deferred Component of his short-term incentive
    award for the 2014 financial year.
    
    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
    
    Part 3 - +Closed period
    
    Were the interests in the securities or contracts detailed above traded
    during a +closed period where prior written clearance was required? No
    If so, was prior written clearance provided to allow the trade to proceed
    during this period?
    If prior written clearance was provided, on what date was this provided?
    End CA:00268465 For:DOW    Type:RELINT     Time:2015-08-14 16:37:53
    				
 
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