Director/PDMR Shareholding

RNS Number : 2605D

Home Retail Group Plc

14 May 2012

 



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. 

Release of shares under the Home Retail Group Deferred Bonus Plan 2009/10

The Company's Deferred Bonus Plan operated for the financial year 2009/10 only with awards based on performance in that year.  In accordance with the terms of the plan, on 10 May 2012, the following ordinary shares were released:

Name of person discharging managerial responsibility	Award released	Ordinary shares sold after release	Shares retained
Richard Ashton	78,125	40,708*	37,417
Terry Duddy	152,530	79,476*	73,054
Paul Loft	79,985	79,985	-

*Sale of ordinary 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 10 May 2012, at a price of 76.2444 pence per share.  

Directors' shareholdings

The Company has also been notified that the following non-executive directors have acquired the following interests in its ordinary shares:

Name of non-executive director	Number of ordinary shares purchased
John Coombe*	9,120
Mike Darcey	8,754
Ian Durant	9,885
Cath Keers	9,885
Oliver Stocken	16,894

*the 9,120 ordinary shares bought for John Coombe will be registered in his spouse's name, Gail Coombe.

The remuneration of non-executive directors includes fees which are to be used to purchase ordinary shares twice each year. The above number of ordinary shares were accordingly purchased on the London Stock Exchange on 9 May 2012, at a price of 73.3631 pence per share. Notification of the above purchases on behalf of the non-executive directors was received by the Company on 11 May 2012.

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

Gordon Bentley   

Secretary 

14 May 2012 

 

END

 

 

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