PDMR Shareholdings

RNS Number : 0011W

Home Retail Group Plc

04 June 2008

 



HOME RETAIL GROUP plc

('the Company')

PDMR SHAREHOLDINGS

The Company has received notification of the following transactions in its Ordinary Shares of 10 pence each (the 'Ordinary Shares') by persons discharging managerial responsibility.

Release of awards under the GUS Performance Share Plan

Awards made in May 2005 by GUS plc were subject to compulsory rollover at the time of the demerger. The extent to which performance conditions were satisfied as at the vesting date, 31 May 2008, was 68.6% and Ordinary Shares were consequently released as follows: 

Name of person discharging managerial responsibility	Plan shares released	Plan shares sold after release*	Plan shares retained
Richard Ashton	27,636	11,371	16,265
Terry Duddy	135,332	55,680	79,652
Paul Loft	31,925	13,136	18,789
Sara Weller	42,409	17,449	24,960

* The sale of shares took place on the London Stock Exchange on 2 June 2008 at a price of 228.0986 pence per share 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 proportion of the awards in respect of which the performance conditions were not satisfied has lapsed.

Notification of these transactions was received by the Company on 3 June 2008, and is now made in accordance with Disclosure Rule 3.1.4R.

Gordon Bentley

Secretary

4 June 2008

 

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