Director/PDMR Shareholding

RNS Number : 2074G

Kingfisher PLC

09 May 2011

 



KINGFISHER PLC

Notification of Transactions by Directors/Persons Discharging Managerial Responsibility (PDMR)

Kingfisher Incentive Share Scheme Awards

In accordance with Disclosure and Transparency Rule [3.1.4.R], Kingfisher plc ("the Company") today announces that it has granted conditional awards of ordinary shares in the Company to executive directors and PDMRs on 6 May 2011 in respect of the financial year ended 29 January 2011. These awards, made under the Kingfisher Incentive Share Scheme (the "KISS"), were granted as nil cost options.

Included as an element of the KISS awards, UK tax paying individuals receive a grant under the Company Share Option Plan (the "CSOP") an HMRC approved plan. The CSOP is underpinned by a matching fixed value element of the KISS, however the total value of the individual's award remains unchanged.

The number of shares awarded was determined by using the average closing mid-market price on 3, 4 and 5 May of £2.748 per share. 

The awards are as follows:	CSOP award	KISS award
Executive directors
Ian Cheshire	10,917	154,975
Kevin O'Byrne	10,917	111,062
PDMRs
Euan Sutherland	10,917	90,587
Philippe Tible	-	105,271
Peter Hogsted	-	95,232
Nick Folland	10,917	26,277
Ian Harding	10,917	23,826

The above awards are subject to:

·    dividend roll-up at the appropriate time;

·    continued employment (with provisions for good leavers) over the period to 6 May 2014.     

Kathryn Hudson

Head of Secretariat

9 May 2011

 

END

 

 

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