- Release Date: 14/08/15 16:37
- Summary: RELINT: DOW: Change of Director's Interest Notice
- Price Sensitive: No
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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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