Director/PDMR Shareholding

RNS Number : 8621U

Home Retail Group Plc

22 October 2010

 



HOME RETAIL GROUP PLC (the "Company") 

PDMR SHAREHOLDINGS 

The Company has today received notification of the following transactions in its

Ordinary Shares of 10 pence each ("ordinary shares") by persons discharging managerial responsibility (PDMR). 

Release of shares under the Home Retail Group Re-Investment Plan 

In October 2006 senior management re-invested share awards originally made under GUS plans (and which would otherwise have vested on demerger) in the Home Retail Group Re-Investment Plan, details of which have been previously disclosed.  In accordance with the terms of the Home Retail Group Re-Investment Plan, on 20 October 2010, matching shares were released as follows:

Name of person discharging managerial responsibility	Matching shares released	Matching shares sold after release	Matching shares retained
Richard Ashton	81,283	41,538*	39,745
Terry Duddy	254,216	129,911*	124,305
Paul Loft	90,241	46,116*	44,125
Sara Weller	60,633	30,986*	29,647

*sale of shares to satisfy the tax and social security liabilities falling due

on the release of these shares and to cover the incidental costs of disposal. 

The sale of shares took place on the London Stock Exchange on 20 October 2010, at a price of 212.9062 pence per share. 

Directors' Shareholdings

The Company has also been notified that the following non-executive directors have acquired interests in the Company's ordinary shares, as shown below.

Name of non-executive director	Number of shares purchased
John Coombe*	3,099
Mike Darcey	3,546
Penny Hughes	2,851
Oliver Stocken	5,741

*the 3,099 ordinary shares bought for John Coombe will be registered in his spouse's name, Gail Coombe.

As disclosed in the Company's 2010 annual report and financial statements, the remuneration of non-executive directors includes fees which are to be used to purchase shares twice each year. The above number of shares were accordingly purchased on the London Stock Exchange on 21 October 2010 at a price of 215.8773 pence per share. Notification of the above purchases on behalf of the non-executive directors was received by the Company on 21 October 2010.

Notification of each of the above transactions is now made in accordance with Disclosure Rule 3.1.4R.

Gordon Bentley 

Secretary 

22 October 2010 

 

END

 

 

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