RNS Number : 9753T
Home Retail Group Plc
16 June 2009
HOME RETAIL GROUP PLC
(the 'Company')
PDMR SHAREHOLDINGS
The Company has received notification of the following transactions in its Ordinary Shares of 10 pence each ('Ordinary Shares') by persons discharging managerial responsibility.
Release of awards under the GUS Performance Share Plan
Awards made in May 2006 by GUS plc were subject to compulsory rollover at the time of the demerger. The extent to which performance conditions were satisfied as at the vesting date, 12 June 2009, was 80.0%. 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
|
72,127
|
29,678*
|
42,449
|
|
|
|
|
|
|
Terry Duddy
|
154,560
|
63,593*
|
90,967
|
|
|
|
|
|
|
Paul Loft
|
82,432
|
33,918*
|
48,514
|
|
|
|
|
|
|
Sara Weller
|
97,887
|
97,887
|
-
|
*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 12 June 2009, at a price of 272.0091 pence per share.
The proportion of the awards in respect of which the performance conditions were not satisfied has lapsed.
Release of award under the GUS Co-Investment Plan
The award made in June 2006 by GUS plc was subject to compulsory rollover at the time of the demerger. In accordance with the terms of the GUS Co-Investment Plan, on 12 June 2009, matching shares were released as follows:
|
Name of person discharging managerial responsibility
|
Matching shares
released
|
Matching shares
sold after release*
|
Matching shares retained
|
|
|
|
|
|
|
Terry Duddy
|
70,610
|
29,054
|
41,556
|
*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 12 June 2009, at a price of 272.0091 pence per share.
Notification of these transactions was received by the Company on 15 June 2009, and is now made in accordance with Disclosure Rule 3.1.4R.
Gordon Bentley
Secretary
16 June 2009
This information is provided by RNS
The company news service from the London Stock Exchange
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