Director/PDMR Shareholding

RNS Number : 3080B

Home Retail Group Plc

23 October 2009

 



HOME RETAIL GROUP PLC (the "Company")  

PDMR SHAREHOLDINGS  

The Company has today received notification of the following transactions in its 

Ordinary Shares of 10 pence each ("ordinary shares") by persons discharging managerial responsibility.  

Release of shares under the Home Retail Group Performance Share Plan

In October 2006, a one-off award was made as part of the demerger, details of which have been previously disclosed. In accordance with the terms of the Home Retail Group Performance Share Plan, awards made in October 2006 vested on 16 October 2009 and ordinary shares were consequently released as follows:

Name of person discharging managerial responsibility	Plan shares released	Plan shares sold after release	Plan shares retained
Richard Ashton	27,998	11,520*	16,478
Terry Duddy	57,483	23,651*	33,832
Paul Loft	24,043	9,893*	14,150
Sara Weller	34,111	14,035*	20,076

*sale of shares to satisfy the tax and social security liabilities falling due 

on the release of these shares and to cover the incidental costs of disposal.  

The sale of shares took place on the London Stock Exchange on 16

 October 2009, at a price of 299.6 pence per share.  

Release of shares under the Home Retail Group Re-Investment Plan  

In October 2006 senior management re-invested share awards originally made under GUS plans (and which would otherwise have vested on demerger) in the Home Retail Group Re-Investment Plan, details of which have been previously disclosed.  

In accordance with the terms of the Home Retail Group Re-Investment Plan, on 22 October 2009, matching shares together with shares in re-invested awards were released as follows:

Matching Shares  

Name of person discharging managerial responsibility	Matching shares released	Matching shares sold after release	Matching shares retained
Richard Ashton	255,614	105,065*	150,549
Terry Duddy	799,426	328,587*	470,839
Paul Loft	283,783	116,643*	167,140
Sara Weller	190,674	78,373*	112,301

*sale of shares to satisfy the tax and social security liabilities falling due 

on the release of these shares and to cover the incidental costs of disposal.  

Shares in Re-invested Awards  

Name of person discharging managerial responsibility	Invested shares released	Invested shares sold after release	Shares retained
Richard Ashton	231,043	94,966*	136,077
Terry Duddy	722,576	296,999*	425,577
Paul Loft	256,505	105,431*	151,074
Sara Weller	118,822	48,840*	69,982

*sale of shares to satisfy the tax and social security liabilities falling due 

on the release of these shares and to cover the incidental costs of disposal.  

The sale of shares took place on the London Stock Exchange on 22 October 2009, at a price of 302.3257 pence per share.  

Directors' Shareholdings

The Company has also been notified that the following non-executive directors have acquired interests in the Company's ordinary shares, as shown below.

Name of non-executive director	Number of shares purchased
John Coombe	5,250
Penny Hughes	3,750
Oliver Stocken	11,500

As disclosed in the Company's 2009 annual report and financial statements, the remuneration of non-executive directors includes prescribed quantities of the ordinary shares, which are to be issued twice each year. The above number of shares were accordingly purchased on the London Stock Exchange on 22 October 2009 at a price of 302 pence per share. Notification of the above purchases on behalf of the non-executive directors was received by the Company on 22 October 2009.

Notification of each of the above transactions is now made in accordance with Disclosure Rule 3.1.4R.

Gordon Bentley  

Secretary  

23 October 2009  

 

END

 

 

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