Director/PDMR Shareholding

RNS Number : 6808Y
Halfords Group PLC
29 December 2010
 



HALFORDS GROUP PLC

Award of Options under Halfords Group Performance Share Plan 2005

 

On 3 August 2010, the Remuneration Committee of Halfords Group plc awarded shares under the Company's Performance Share Plan 2005 ("PSP") to the following persons displaying managerial responsibility.

 

 

August 2010

Grant

David Wild

156,797

Paul McClenaghan

88,054

Andy Torrance

51,493

 

For awards made under the Halfords Group Performance Share Plan 2005 from 2009 onwards the Committee, in making such option awards, and using its discretion, specified that subject to the rules of the PSP the Company would procure the transfer to the Awardholder such additional number of award shares as could have been acquired by the reinvestment of dividends paid on the original award shares. Such additional award shares to vest in the same proportion as the original award shares.

 

On 6 August 2010 the Company paid a final dividend of 14p per share.

 

The maximum number of shares to be awarded in this way is to be determined on the basis that each such dividend was reinvested on the date of payment of that dividend at a price per share equal to the market value of a share on that day. Such price being calculated as £4.811. The total number of shares awarded on the basis of this final dividend was;

 

 

Dividend Reinvestment Grant

David Wild

13,106

Paul McClenaghan

5,830

Nick Wharton

3,268

Andy Torrance

3,088

 


The total numbers of options under award are therefore;

 

 

Total No. of Options under Award BEFORE

3 August 2010

Total No. of Options under Award AFTER

6 August 2010

David Wild

631,302

801,205

Paul McClenaghan

198,423

292,307

Andy Torrance

117,422

226,584

Nick Wharton (1)

198,423

204,959

 

1. Nick Wharton subsequently resigned on 16 September 2010 and all 204,959 options were lapsed.

 

 

 

ALEX HENDERSON

GROUP COMPANY SECRETARY

01527 - 513025

 

 

 

 


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