20 November 2017

McCarthy & Stone plc (the "Company")

Notification of Transactions by

Persons Discharging Managerial Responsibilities

Pursuant to the notification obligations under article 19.3 of the Market Abuse Regulation, the Company announces the following changes in the interests of directors and persons discharging managerial responsibilities ("PDMRs") in the ordinary shares of 8 pence nominal value in the Company ("Shares"). 

McCarthy & Stone plc Annual and Deferred Bonus Plan

On 20 November 2017, the following deferred bonus Share awards, structured as nil-cost options have been granted in accordance with the rules of the Company's Annual and Deferred Bonus Plan (the "ABP").  These awards relate to the bonus paid to the Chief Executive Officer and Chief Operating Officer in November 2017 in respect of the financial year ended 31 August 2017, one-third of which is deferred into Shares vesting in three years' time. The Chief Financial Officer, who was appointed during the financial year, received all her bonus in cash.

The number of Shares over which each nil-cost option was awarded was calculated by reference to the average closing market price of the Company's Shares measured over the last 30 days of the FY17 financial year.  

The normal date of vesting for these nil-cost options will be 20 November 2020 and the last date for exercise will be 20 November 2027, with dividend equivalents payable in respect of the vesting of nil-cost options in accordance with the rules of the ABP.

For further information, please contact:

Patrick Hole

Group General Counsel and Company Secretary

Telephone : 01202 508040

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