Director/PDMR Shareholding
Home Retail Group Plc
17 October 2006
HOME RETAIL GROUP plc
(THE 'COMPANY')
DIRECTORS' AND PDMRs' SHAREHOLDINGS
The Company announces the following changes in interests in its Ordinary Shares
of 10 pence each (the 'Ordinary Shares') of directors and persons discharging
managerial responsibility, of which notification was received on 16 October 2006
Notification of these changes is made pursuant to DR 3.1.4R(1)(a).
1. Rollover grants to directors and persons discharging managerial
responsibility
In connection with the Demerger, equivalent options and awards have been granted
over Ordinary Shares in consideration of the surrender of options and awards
granted under the GUS Employee Share Plans, as set out below.
a) Grant of rollover options - GUS Co-Investment Plan
Awards granted under the GUS Co-Investment Plan in 2006 have been automatically
exchanged for equivalent awards over Ordinary Shares. The exchange took effect
on 16 October 2006. As a consequence, the following awards are now held.
i) Awards held by directors under the Co-Investment Plan
Name of Number of Invested Number of Ordinary Shares under Vesting
director Ordinary Shares rolled-over Matching Share Option date
(nil-cost)
Terry 9,513 70,610 12 June
Duddy 2009
b) Grant of rollover awards - GUS Performance Share Plan
Awards granted under the GUS Performance Share Plan in 2005 and 2006 have been
automatically exchanged for equivalent awards over Ordinary Shares. The exchange
took effect on 16 October 2006, as a result of which the following awards are
now held.
i) Awards held by directors
Name of Number of Ordinary Shares under rolled-over Vesting
director Award date
Terry Duddy 197,277 31 May 2008
193,201 2 June 2009
Total 390,478
Richard Ashton 40,287 31 May 2008
90,159 2 June 2009
Total 130,446
ii) Awards held by persons discharging managerial responsibility
Name of person discharging Number of Ordinary Shares under Vesting
managerial responsibility rolled-over Award date
Paul Loft 46,539 31 May
2008
103,040 2 June
2009
Total 149,579
Sara Weller 61,822 31 May
2008
122,359 2 June
2009
Total 184,181
c) Grant of rollover options - GUS Non-Approved Executive Share Option Scheme
Options granted under the GUS Non-Approved Executive Share Option Scheme in 2005
and 2006 have been automatically exchanged for equivalent options over Ordinary
Shares. Participants were also given the opportunity to exchange other options
under this scheme for equivalent options over Ordinary Shares. The exchange took
effect on 16 October 2006, as a result of which the following options are now
held.
i) Options held by directors
Name of Period during or date on Number of Ordinary Shares under Exercise
which exercisable rolled-over Option price
director
Terry 31 May 2008 197,277 3.599
Duddy
2 June 2009 193,201 3.882
Total 390,478
Richard 31 May 2008 80,576 3.599
Ashton
2 June 2009 90,159 3.882
Total 170,735
ii) Options held by a person discharging managerial responsibility
Name of person Period during or Number of Ordinary Exercise
discharging managerial date on which Shares under rolled-over price
responsibility exercisable Option
Paul Loft 31 May 2008 93,081 3.599
2 June 2009 103,040 3.882
Total 196,121
Sara Weller 31 May 2008 123,645 3.599
2 June 2009 122,359 3.882
Total 246,004
2. Awards under new plans to directors and persons discharging managerial
responsibility
These awards were made for nil consideration.
a) Awards under The Home Retail Group Reinvestment Plan, - 16 October 2006
i) Awards held by directors
Name of Number of Invested Ordinary Shares in Ordinary Shares in
director Ordinary Shares Reinvested Matching
Award Award (1)
Terry 76,849 722,576 1,598,851
Duddy
Richard 24,571 231,043 511,228
Ashton
Note (1): The first 50% of this award will vest subject to a performance
condition; the remaining 50% of the award will be time-based.
ii) Awards held by persons discharging managerial responsibility
Name of person discharging Number of Invested Ordinary Shares Ordinary Shares in
managerial Ordinary Shares in Reinvested Matching Award(1)
responsibility Award
Paul Loft 27,278 256,505 492,428
Sara Weller 12,636 118,822 381,347
Note:
1) The first 50% of this award will vest subject a performance condition; the
remaining 50% of the award will be time-based.
b) Awards under The Home Retail Group Performance Share Plan - 16 October 2006
The awards vest in October 2009.
i) Awards made to directors
Name of director Number of Ordinary Shares under Award
Terry Duddy 57,483
Richard Ashton 27,998
ii) Awards made to persons discharging managerial responsibility
Name of person discharging managerial Number of Ordinary Shares under
responsibility Award
Paul Loft 24,043
Sara Weller 34,111
3. Changes to holdings of person discharging managerial responsibility
Name of PDMR Number of Ordinary Shares Purchased 11 October 2006 (1)
Sara Weller 59,216
Note (1): Company notified on 12 October 2006
Gordon Bentley
Secretary
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