Director/PDMR Shareholding

RNS Number : 1780S

Kingfisher PLC

19 September 2014

 



KINGFISHER PLC (the 'Company')

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

On 19 September 2014, the Company was notified that Kevin O'Byrne, CEO B&Q UK & Ireland, (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 18 September 2014, Mr O'Byrne exercised an award over 9,531 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.

Also on 18 September 2014, Mr O'Byrne exercised awards over 328,411 Shares granted under the PSP.

A total of 350,00 Shares were sold at a price of 314.78p per Share.

Following this transaction Mr O'Byrne holds 141,431 shares in the company and vested awards over 1,417,108 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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