Director/PDMR Shareholding

RNS Number : 7047C

Vodafone Group Plc

29 June 2016

 

VODAFONE GROUP PLC

('the Company')

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL

RESPONSIBILITY OR CONNECTED PERSONS

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 share of US$0.20 20/21 in the capital of Vodafone Group Plc
	A	B	C	D
	Vesting of long term incentive award (1)	No. of vested shares sold (4)	No. of vested shares sold (5)	No. of shares transferred (6)
Vittorio Colao *	970,586	456,201		514,385
Nick Read *	397,335	186,772		210,563
Paolo Bertoluzzo	432,947	216,248		216,699
Antonio Coimbra	352,228	158,528		193,700
Warren Finegold	368,488	173,213		195,275
Nick Jeffery	311,092	146,237	6,651	158,204
Matthew Kirk	222,569	104,632	76,897	41,040
Rosemary Martin	286,895	134,865	14,669	137,361
Ronald Schellekens	342,201	160,859	47,178	134,164
	Vesting of long term incentive award (2)	No. of vested shares sold (4)	No. of vested shares sold (5)	No. of shares transferred (6)
Paolo Bertoluzzo	192,949	96,158		96,791
Warren Finegold	153,977	72,539		81,438
Nick Jeffery	129,992	61,122		68,870
Rosemary Martin	119,882	56,370		63,512
Ronald Schellekens	142,991	67,231		75,760
	Vesting of long term incentive award (3)	No. of vested shares sold (4)	No. of vested shares sold (5)	No. of shares transferred (6)
Jeroen Hoencamp	247,701	116,450	16,251	115,000
Serpil Timuray	270,406	94,671		175,735

* Denotes Director of the Company

(1)    These share awards which were granted on 26 June 2013 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 2016 and a multiplier based on Total Shareholder Return ("TSR") relative to a peer group for the same period, 23.19% of the shares comprised in the awards have vested.

(2)    These share awards which was granted on 26 June 2014 has vested.  The award was granted in accordance with the rules of the Vodafone Global Incentive Plan. The award was based on continued employment over the vesting period and vested entirely.  The vesting of these awards incorporates dividend equivalent awards accrued during the vesting period.

(3)    These share awards which were granted on 26 June 2013 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 2016 and following assessment of the performance and employment conditions, 33.3% of the shares comprised in this award vested.  The vesting of these awards incorporates dividend equivalent awards accrued during the vesting period.

(4)    The figure in column B is the number of shares of those listed in column A that the Company has been advised by UBS (London) ("UBS") were sold on behalf of the PDMR on 27 June 2016, inter alia, to satisfy the estimated tax and social security withholding obligations arising on the vesting of the awards.  This share sale was made at the price of 211.8749 pence per share.

(5)    The figure in column C is the number of shares of those listed in column A that the Company has been advised by UBS were sold on behalf of the PDMR for personal reasons on 27 June 2016.  This share sale was made at the price of 211.8749 pence per share.

(6)    The figure in column D is the number of shares that the Company has been advised by UBS were on 27 June 2016 transferred to the PDMRs in satisfaction of the vesting of the award disclosed in column A, after deduction of shares sold as disclosed in columns B and C.

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

Vittorio Colao                11,420,608

Nick Read                        2,296,820

The Company was notified of these changes on 28 June 2016.

 

END

 

 

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