Director/PDMR Shareholding

RNS Number : 1547L

Vodafone Group Plc

01 July 2014

 



Vodafone Group Plc ("the Company")

In accordance with Disclosure and Transparency Rule 3.1.4R(1), the Company gives notice of the following changes in share interests of directors, persons discharging managerial responsibilities ("PDMRs") of the Company and their connected persons:

	Number of ordinary shares of US$0.2020/21
	in the capital of Vodafone Group Plc
	A	B	C
	Vesting of long term incentive awards(1)	No. of vested shares sold (3)	No. of shares transferred (4)
Vittorio Colao*	2,403,638	1,129,736	1,273,902
Nick Read*	717,305	337,159	380,146
Stephen Pusey*	804,632	804,632	0
Paolo Bertoluzzo	883,446	583,446	300,000
Warren Finegold	923,385	666,060	257,325
Matthew Kirk	561,156	466,156	95,000
Rosemary Martin	666,955	313,496	353,459
Ronald Schellekens	634,131	434,131	200,000
	Vesting of long term incentive awards(2)	No. of vested shares sold (3)	No. of shares transferred (4)
Paolo Bertoluzzo	437,460	437,460	0
Nick Jeffery	336,135	158,010	178,125
Serpil Timuray	366,825	131,199	235,626

(1)      These share awards which were granted on 28 June 2011 have vested following assessment of the performance and employment conditions to which the awards were subject.  The awards were granted in accordance with the rules of the Vodafone Global Incentive Plan.  Based on the adjusted free cash flow for the three year period ended on 31 March 2014 and a multiplier based on Total Shareholder Return ("TSR") relative to a peer group for the same period, 37.2% of the shares comprised in the awards have vested.

(2)      These share awards which were granted on 28 June 2011 have vested.  The awards were granted in accordance with the rules of the Vodafone Global Incentive Plan.  50% of the awards were based on continued employment over the vesting period and vested entirely.  The remaining 50% of the awards were based on the adjusted free cash flow for the three year period ended on 31 March 2014 and following assessment of the performance and employment conditions, 37.2% of the shares comprised in this award vested.

(3)      The figures in column B are the number of shares of those listed in column A that the Company has been advised by UBS Corporate Employee Financial Services International ("UBS CEFS") were sold on behalf of the PDMRs on 30 June 2014, inter alia, to satisfy the tax liabilities arising on the vesting of the awards.   In addition Stephen Pusey, Paolo Bertoluzzo, Warren Finegold, Matthew Kirk and Ronald Schellekens sold a further 426,430, 387,365, 232,043, 202,386 and 136,063 shares, respectively, for personal reasons, which are included in these totals.  These share sales were made at 196.1925 pence per share.

(4)      The figures in column C are the number of shares that the Company has been advised by UBS CEFS were on 30 June 2014 transferred to the PDMRs in satisfaction of the vesting of the awards  disclosed in column A, after deduction of shares sold as disclosed in column B.

* Denotes Director of the Company

As a result of the above, the interests in shares (excluding share options and unvested incentive shares) of the following Directors are as follows:

Vittorio Colao                        10,351,213

Nick Read                                1,760,492

Stephen Pusey                        1,579,550

In addition, the Company has been advised by UBS CEFS that on 30 June 2014, Francesca Fiore, a connected person of Paolo Bertoluzzo, acquired 85,325 shares, following the vesting of share awards. 38,589 shares were sold on 30 June 2014 at 196.1925 pence per share to satisfy the tax liabilities arising on the vesting of the awards.

The Company was notified of these changes on 30 June 2014.

 

END

 

 

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