Director/PDMR Shareholding

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

 

END

 

 

RDSFQLFFKQBZBBX