Director/PDMR Shareholding

RNS Number : 4776N
Halfords Group PLC
01 September 2011
 



HALFORDS GROUP PLC

Award of Options under Halfords Group Performance Share Plan 2005

 

During August 2011 the following movements have taken place in respect of awards made under the Halfords Group Performance Share Plan 2005.

 

The Remuneration Committee of Halfords Group plc awarded shares under the Company's Performance Share Plan 2005 ("PSP") to the following persons displaying managerial responsibility to be granted on 9 August 2011

 

 

August 2011 Grant

David Wild

254,089

Paul McClenaghan

142,690

Andrew Findlay

206,525

 

For awards made under the Halfords Group Performance Share Plan 2005 from 2009 onwards the Committee, in making such option awards, and using its discretion, specified that subject to the rules of the PSP the Company would procure the transfer to the Awardholder such additional number of award shares as could have been acquired by the reinvestment of dividends paid on the original award shares. Such additional award shares to vest in the same proportion as the original award shares.

  

The maximum number of shares to be awarded in this way is to be determined on the basis that each such dividend was reinvested on the date of payment of that dividend at a price per share equal to the market value of a share on that day. The total number of shares awarded on the basis of dividends paid in 2011 is;

 

 

Dividend Reinvestment Grant

David Wild

26,032

Paul McClenaghan

11,013

Andy Torrance

4,883

 

On 8 August 2011, the Remuneration Committee of Halfords Group plc approved the vesting of 99.01% of the awards that had been made under the PSP in 2008.

 

 

Original Award 2008

Lapsed

Vested

David Wild

337,643

3,343

334,300

Paul McClenaghan

86,099

852

85,247

Andy Torrance

62,801

622

62,179

In summary the movements of options under award are therefore;

 

 

Total No. of Options under Award BEFORE 1 August 2011

 

Awards granted 9 August 2011

Dividend Reinvestment

2008 Award Lapsed

2008 Award Vested(1)

Total No. of Options under Award AFTER 31  August 2011

David Wild

801,205

254,089

26,032

(3,343)

(334,300)

743,683

Paul McClenaghan

292,307

142,690

11,013

(852)

(85,247)

359,911

Andrew Findlay

Nil

206,525

-

-

-

206,525

Andy Torrance

171,602(2)

-

6,081

(622)

(62,179)

114,882

 

1. The treatment of these vested awards is the subject of a another announcement.

2. The figure previously reported in behalf of Andy Torrance of 226,584 was incorrect.

 

 

 

ALEX HENDERSON

GROUP COMPANY SECRETARY

01527 - 513025

 

 

 


This information is provided by RNS
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