Director/PDMR Shareholding

RNS Number : 8102G

Kingfisher PLC

03 July 2012

 



KINGFISHER PLC (the 'Company')

Notification of Transactions by Director/Person Discharging Managerial Responsibility

On 2 July 2012, Ian Cheshire, Chief Executive Officer received ordinary shares in Kingfisher plc following the exercise of awards granted under the Company's long-term incentive plans.

The awards were granted under the Performance Share Plan ('PSP') and the Kingfisher Incentive Share Scheme ('KISS').  The award granted under the PSP was granted in 2009 and was linked to achieving challenging Earning per Share ('EPS') and Total Shareholder Returns ('TSR') targets over three years. The award granted under the KISS relates to the deferred share element of the 2008/09 annual bonus, which was awarded for achieving annual performance targets in that year.  Since Kingfisher's Delivering Value programme was launched in 2008 Kingfisher's adjusted pre-tax profit has risen from £357m to £807m, earnings per share have risen from 10.6p per share to 25.1p and year end net debt of £1.6bn has been virtually eliminated.

Following the receipt of shares, Mr. Cheshire subsequently sold the shares detailed in the table below to meet his tax liabilities arising on exercise and diversify personal finances. These transactions occurred on 2 July 2012 at a price of 288.4207 pence per ordinary share.

The table below sets out the number of Kingfisher plc shares exercised by Mr. Cheshire and the number of shares subsequently sold. Mr. Cheshire also has vested but unexercised options and awards over 1,609,994 Kingfisher plc shares.

Name of PDMR	No of shares exercised	No of shares sold
KISS (2009) PSP (2009)	269,482 725,000	269,482 725,000

Following the transaction, Mr. Cheshire has a beneficial interest in 1,126,243 ordinary shares of the Company.

This notification is made in accordance with the requirements of Disclosure and Transparency Rule 3.1.4.

David Morris

Assistant Company Secretary

Tel: [phone]

 

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