Director/PDMR Shareholding

RNS Number : 1959A

Kingfisher PLC

27 March 2012

 



KINGFISHER PLC (the "Company")

Notification of Transaction by Director/Persons Discharging Managerial Responsibility (PDMR)

On 26 March 2012, the Company was notified that Ian Cheshire, Group Chief Executive and Ian Harding, a PDMR, exercised options over ordinary shares in the Company ("Shares") granted under the Kingfisher Executive Share Option Scheme as detailed below:

Name	Date of Grant	Option price per share	Date of Exercise	No. of Shares under option	No. of Shares sold	Sale price Per Share	Net Proceeds (after deductions of taxes and commission)
Ian Cheshire	09/04/02	290.08p	23/03/12	91,350	91,350	312.26p	£9,011.36

Ian Cheshire also exercised a Phantom Option over 91,350 shares granted at the same time as the Executive Share Option Scheme award with the same option price, performance conditions and maturity period. The gross proceeds following the exercise of the Phantom Option was calculated at 310.35p per share (being the mid-market quote on the date of exercise) resulting in a net equivalent cash gain of £8,887.99 which will be paid in cash to Ian Cheshire.

Following these transactions, Ian Cheshire has a beneficial interest in 1,126,423 ordinary shares of the Company.

Name	Date of Grant	Option price per share	Date of Exercise	No. of Shares under option	No. of Shares sold	Sale price Per Share	No. of Shares retained
Ian Harding	09/04/02 08/10/02	290.08p 194.95p	26/03/12 26/03/12	20,217 32,809	19,579 26,961	312.40p 312.40p	638 5,848

Ian Harding sold a sufficient number of the Shares in order to meet the tax liabilities and costs arising on exercise. Following these transactions, Ian Harding has a beneficial interest in 118,742 ordinary shares of the Company.

This notification is made in accordance with the requirements of Disclosure and Transparency Rule 3.1.4.

David Morris

Assistant Company Secretary

Tel:  [phone]

 

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