Director/PDMR Shareholding

RNS Number : 0223S

Kingfisher PLC

18 September 2014

 



KINGFISHER PLC (the 'Company')

Notification of Transactions by a Person Discharging Managerial Responsibility ('PDMR')

On 17 September 2014, the Company was notified that Sir Ian Cheshire, Group Chief Executive, (a PDMR) exercised awards over ordinary shares of 15 5/7p in the Company ('Shares') granted under the Company Share Option Plan (the 'CSOP'), the Kingfisher Incentive Share Scheme (the 'KISS') and the Kingfisher Performance Share Plan (the 'PSP').

The CSOP is an HMRC approved plan and awards are granted as an element of the KISS.  The CSOP is underpinned by a matching fixed value element of the KISS, which must be exercised in conjunction with, and funds the exercise cost of the CSOP. On 16 September 2014, Sir Ian exercised an award over 9,589 Shares granted under the KISS and sold all the Shares to fund the exercise price of the CSOP 2011 award of £29,999.92 (10,917 Shares at 274.80 pence per Share). He subsequently exercised the CSOP 2011 award over 10,917 Shares and 1,141 dividend equivalent shares accrued on the KISS 2011 award. Following this exercise, a further 5,058 Shares were sold to meet the liabilities and costs arising on exercise.

Also on 16 September 2014, Sir Ian exercised awards over 258,196 Shares granted under the PSP and 171,167 Shares granted under the KISS. Following these exercises, 202,003 Shares were sold to meet the liabilities and costs arising on the exercise.

A total of 216,650 Shares were sold at a price of 312.88p per Share and 234,360 Shares were retained. Following these transactions Sir Ian holds a total of 2,582,448 Shares.

This notification is made in accordance with the requirements of DTR 3.1.4.

David Morris

Deputy Company Secretary

Tel:  [phone]

 

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