Director/PDMR Shareholding

RNS Number : 3318X

Vodafone Group Plc

13 February 2012

 



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 persons discharging managerial responsibilities ("PDMRs") of the Company:

	Number of ordinary shares of US$0.113/7 in the capital of Vodafone Group Plc
	A	B	C
	Vesting of long term incentive award (1)	No. of shares sold (2)	No. of shares transferred (3)
Ronald Schellekens	562,040	367,290	194,750
Morten Lundal	106,163	55,234	50,929

(1)        These share awards which were granted on 12 February 2009 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 2011 and a multiplier based on Total Shareholder Return ("TSR") relative to a peer group for the same period, 30.6% of the shares comprised in the awards have vested.

(2)        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 (CEFS) were sold on behalf of the PDMRs on 13 February 2012, inter alia, to satisfy the tax liabilities arising on the vesting of the awards. In addition, Ronald Schellekens sold a further 75,000 shares, for personal reasons, which are included in his total.  These share sales were made at 173.9038pence per share.

(3)        The figures in column C are the number of shares that the Company has been advised by UBS CEFS were on 13 February 2012, transferred to Ronald Schellekens and Morten Lundal in satisfaction of the vesting of the award disclosed in column A.

 

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