Director/PDMR Shareholding

RNS Number : 6543J

Wolseley PLC

01 April 2010

 



NOTIFICATION OF TRANSACTIONS OF DIRECTORS / PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND CONNECTED PERSONS

Following his appointment as Chief Financial Officer on 1 April 2010, the following awards have been made today to Mr John Martin:

1.      The Wolseley Share Option Plan 2003 ("the 2003 Plan")

         A total of 37,688 options over ordinary shares of 10 pence each in the capital of the Company have been granted at a price of 1592 pence per share.

         These options have been granted under the 2003 Plan and require the satisfaction of corporate performance criteria before the options become capable of exercise. The options have been granted without the benefit of any retesting and will, therefore, lapse if the performance criteria have not been met upon maturity of the awards in April 2013.

2.      The Wolseley plc 2002 Long Term Incentive Scheme ("LTIS")

         A conditional allocation of 27,135 shares has been made under the LTIS. These shares will only vest upon the achievement of certain corporate performance targets measured over a three year period and no consideration is payable either at allocation or on vesting of all or part of the awards.

For further information please contact:

Richard Shoylekov

Group Company Secretary and General Counsel

0118 929 8700

 

END

 

 

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