Director/PDMR Shareholding

RNS Number : 6093W
Wolseley PLC
10 November 2014
 



WOLSELEY PLC ("Company")

NOTIFICATION OF A TRANSACTION BY A PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMR") IN ORDINARY SHARES OF 10 53/66p EACH IN THE COMPANY ("Shares")

On 7 November 2014 the Company granted the following awards to Executive Directors and/or PDMRs under the following plans:

Wolseley Group Long Term Incentive Plan 2012 ("LTIP")

Awards were made under the LTIP to 3 Executive Directors and 6 PDMRs as set out in the table below:

PDMR/Director

Number of options granted and/or conditional allocation over Shares

S Ashmore


7,140


A England


5,847


P Headon


5,874


O M Jensen


8,868


J Martin


24,527


I Meakins


52,082


C Morrison


6,842


F Roach


26,341


R Shoylekov


7,894


 

The awards were granted as conditional share awards to Messrs Headon, Jensen and Roach and as nil cost options to all other awardees.  No consideration is payable at allocation, on vesting or, for those in the form of nil cost options, on exercise of all or part of the awards.

These awards will only vest upon the achievement of certain corporate performance targets measured over a three year period. The conditional awards will vest on 7 November 2017 and the nil cost options will be exercisable between 7 November 2017 and 7 November 2024.

Wolseley Group Executive Share Option Plan 2012 ("ESOP")

Awards were made under the ESOP to 3 Executive Directors and 6 PDMRs as set out in the table below:

PDMR/Director

Number of options granted over Shares

S Ashmore


11,812


A England


9,673


P Headon


9,488


O M Jensen


14,671


J Martin


35,113


I Meakins


62,992


C Morrison


11,318


F Roach


33,842


R Shoylekov


13,060


 

The awards were granted to all participants at an exercise price fixed at the time of grant of 3362p per Share. These awards will only vest upon the achievement of earnings per share performance conditions tested over a three year period. The options will be exercisable between 7 November 2017 and 7 November 2024.

These disclosures are made pursuant to the Financial Conduct Authority's Disclosure and Transparency Rules 3.1.4R. The transactions took place in the UK and the Shares are listed on the London Stock Exchange.

 

Date of notification: 7 November 2014

Enquiries:

 

Graham Middlemiss, Group Deputy Company Secretary

(0118 929 8700)

 


This information is provided by RNS
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