Director/PDMR Shareholding

RNS Number : 5184L

Vodafone Group Plc

01 August 2011

 



Vodafone Group Plc ("the Company")

In accordance with Disclosure and Transparency Rule 3.1.4R(1), the Company gives notice of the following changes in share interests of directors and  persons discharging managerial responsibilities ("PDMRs") of the Company:

	Number of ordinary shares of US$0.113/7
	in the capital of Vodafone Group Plc
	A	B	C
	Vesting of long term incentive award (1)	No. of shares sold (2)	No. of shares transferred (3)
Vittorio Colao*	2,181,088	1,134,195	1,046,893
Andy Halford*	1,333,363	1,149,533	183,830
Stephen Pusey*	441,550	288,359	153,191
Warren Finegold	847,220	440,585	406,635
Nick Read	327,793	170,482	157,311

(1)     These share awards which were granted on 29 July 2008 have vested following assessment of the performance and employment conditions to which the awards were subject.  The awards were granted in accordance with the rules of the Vodafone Global Incentive Plan.  Based on the adjusted free cash flow for the three year period ended on 31 March 2011 and a multiplier based on Total Shareholder Return ("TSR") relative to a peer group for the same period, 30.6% of the shares comprised in the awards have vested.

(2)     The figures in column B are the number of shares of those listed in column A that the Company has been advised by UBS Corporate Employee Financial Services International (CEFS) were sold on behalf of the PDMRs on 29 July 2011, inter alia, to satisfy the tax liabilities arising on the vesting of the awards. In addition, Andy Halford and Stephen Pusey sold a further 456,118 and 58,687 shares respectively, for personal reasons, which are included in their totals.  These share sales were made at 171.65 pence per share.

(3)     The figures in column C are the number of shares that the Company has been advised by UBS CEFS were on 29 July 2011 transferred to the PDMRs in satisfaction of the vesting of the awards  disclosed in column A, after deduction of shares sold as disclosed in column B .

* Denotes Director of the Company

As a result of the above, the interests in shares (excluding share options and unvested incentive shares) of the following Directors are as follows:

Vittorio Colao                                         3,354,896

Andrew Halford                                     2,525,580

Stephen Pusey                                         698,264

The Company was notified of these changes on 29 July and 1 August 2011.

 

END

 

 

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