Director/PDMR Shareholding

RNS Number : 6623I

Home Retail Group Plc

16 March 2010

 



HOME RETAIL GROUP PLC (the "Company") 

16 March 2010

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. 

Release of shares under the Home Retail Group Performance Share Plan

In accordance with the terms of the Home Retail Group Performance Share Plan and following completion of the three-year performance period, awards made in May 2007 vested on 15 March 2010.  The extent to which performance conditions were satisfied as at the vesting date was 52%.  Ordinary shares were consequently released on 15 March 2010 as follows:

Name of person discharging managerial responsibility	Plan shares released	Plan shares sold after release	Plan shares retained
Richard Ashton	45,477	18,712*	26,765
Terry Duddy	88,736	36,510*	52,226
Paul Loft	46,586	19,168*	27,418
Sara Weller	55,460	22,819*	32,641

*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 15 March 2010, at a price of 275.34 pence per share.  

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

Gordon Bentley 

Secretary 

16 March 2010 

 

END

 

 

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