Director/PDMR Shareholding

RNS Number : 4776N

Halfords Group PLC

01 September 2011

HALFORDS GROUP PLC

Award of Options under Halfords Group Performance Share Plan 2005

During August 2011 the following movements have taken place in respect of awards made under the Halfords Group Performance Share Plan 2005.

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 to be granted on 9 August 2011

	August 2011 Grant
David Wild	254,089
Paul McClenaghan	142,690
Andrew Findlay	206,525

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.

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. The total number of shares awarded on the basis of dividends paid in 2011 is;

	Dividend Reinvestment Grant
David Wild	26,032
Paul McClenaghan	11,013
Andy Torrance	4,883

On 8 August 2011, the Remuneration Committee of Halfords Group plc approved the vesting of 99.01% of the awards that had been made under the PSP in 2008.

	Original Award 2008	Lapsed	Vested
David Wild	337,643	3,343	334,300
Paul McClenaghan	86,099	852	85,247
Andy Torrance	62,801	622	62,179

In summary the movements of options under award are therefore;

	Total No. of Options under Award BEFORE 1 August 2011	Awards granted 9 August 2011	Dividend Reinvestment	2008 Award Lapsed	2008 Award Vested⁽¹⁾	Total No. of Options under Award AFTER 31 August 2011
David Wild	801,205	254,089	26,032	(3,343)	(334,300)	743,683
Paul McClenaghan	292,307	142,690	11,013	(852)	(85,247)	359,911
Andrew Findlay	Nil	206,525	-	-	-	206,525
Andy Torrance	171,602⁽²⁾	-	6,081	(622)	(62,179)	114,882