Director/PDMR Shareholding

RNS Number : 0067D

Kingfisher PLC

23 April 2013

 



KINGFISHER PLC ("the Company")

Notification of Transactions by Directors/Persons Discharging Managerial Responsibility (PDMR)

Grant of Awards under the Kingfisher Incentive Share Scheme

In accordance with Disclosure and Transparency Rule 3.1.4.R, the Company was notified on 22 April 2013 that conditional awards of ordinary shares in the Company were granted to executive directors and PDMRs on 11 April 2013 in respect of the financial year ended 2 February 2013. These awards, made under the Kingfisher Incentive Share Scheme (the "KISS"), were granted as nil cost options.

Included as an element of the KISS awards, UK tax paying individuals are eligible to receive a grant under the Company Share Option Plan (the "CSOP"), up to a maximum holding of £30,000.  CSOP Options are approved by HMRC and were granted at an Option Price of £2.9087 per share. The CSOP is underpinned by a matching fixed value element of the KISS however the total value of the individual's award remains unchanged.

The number of shares awarded was determined by using the average adjusted closing price of a Kingfisher plc share on 8, 9 and 10 April 2013 of £2.9087 per share.

	KISS award	CSOP award
Executive directors
Ian Cheshire	57,603	-
Kevin O'Byrne	39,605	-
Philippe Tible	41,780	-
Karen Witts	864	10,313
PDMRs
Guy Colleau	22,323	-
Steve Willett	32,462	-

The above KISS awards are subject to:

·    dividend roll-up at the appropriate time;

·    continued employment (with provisions for good leavers) over the period to 11 April 2016.

David Morris

Assistant Company Secretary

23 April 2013

 

END

 

 

RDSIJMMTMBATBPJ