Director/PDMR Shareholding

RNS Number : 4765I

Kingfisher PLC

25 July 2012

 



KINGFISHER PLC (the 'Company')

Notification of Transaction by Person Discharging Managerial Responsibility

On 24 July 2012, Euan Sutherland, a person discharging managerial responsibility('PDMR') received ordinary shares in Kingfisher plc following the exercise of an award granted under the Company's long-term incentive plan.

The award was granted under the Performance Share Plan ('PSP') granted in 2008 and was linked to achieving challenging Earning per Share ('EPS') and Total Shareholder Returns ('TSR') targets over four years. 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. Sutherland 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 24 July 2012 at a price of 253.9525 pence per ordinary share.

The table below sets out the number of Kingfisher plc shares exercised by Mr. Sutherland and the number of shares subsequently sold. Mr. Sutherland also has vested but unexercised options and awards over 44,777 Kingfisher plc shares.

Name of PDMR	No of shares exercised	No of shares sold
PSP (2008)	1,448,100	1,448,100

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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