Vodafone Group Plc
18 June 2007
Vodafone Group Plc ('the Company')
In accordance with Disclosure and Transparency Rule 3.1.4R(1), I have to inform
you of the following changes in share interests of directors and PDMRs of the
Company:
Ordinary Shares of 11 3/7 cents
in the capital of Vodafone Group Plc
A B
Purchased shares Global Incentive Plan Awards
Arun Sarin* 694,811 592,974
Vittorio Colao* 180,063 153,671
Andrew Halford* 323,189 275,820
Warren Finegold 255,595 218,133
Alan Harper 276,451 235,932
Terry Kramer 134,059 103,849
Simon Lewis 204,794 174,778
Steve Pusey 109,757 93,670
Frank Rovekamp 136,304 142,984
* Denotes Director of the Company
(A) The Company was advised today by Halifax EES Trustees International Limited
that on 15 June 2007 the above named directors and persons discharging
managerial responsibility acquired an interest in the number of shares of
11 3/7 cents each in the Company in column A above at the price of 162.6
pence per share pursuant to the rules of the Vodafone Global Incentive
Plan. These purchases were made from the proceeds of cash bonuses, after
tax and social security, for the year ended 31 March 2007.
(B) Conditional awards of the number of shares in column B above were granted
on 15 June 2007 by the Trustees of the Vodafone Global Employee Share
Trust. The awards have been made in accordance with the Vodafone Global
Incentive Plan. The shares were awarded at a price of 162.6 pence per
share. These shares will normally be transferred to participants on or
shortly after the second anniversary of the date of grant of the award,
subject to the continued employment of the participants, retention of the
shares purchased on 15 June 2007 set out in (A) above until at least 31
March 2009 and the achievement of a performance condition approved by the
Remuneration Committee. The condition requires a cumulative adjusted free
cash flow target to be met over the two years from 1 April 2007 to 31
March 2009. The free cash flow target will be set by reference to the Group
plan over the two year period and the enhancement award will vest if at
least 85% of the target is achieved. The free cash flow measure will
exclude any one-off/material tax and spectrum/ license costs.
As a result of the above, the interests in shares (excluding share options and
unvested incentive shares) of the following Directors have increased to the
following:
Arun Sarin 6,699,675
Vittorio Colao 180,063
Andrew Halford 674,337
The Company was notified of these changes on 15 June 2007.
S R Scott
Company Secretary
This information is provided by RNS
The company news service from the London Stock Exchange
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Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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