31st Oct 2013 13:11
LONDON (Alliance News) - Kingfisher PLC Thursday said Chief Executive Officer Steve Willett on Tuesday exercised share awards under the company's share option plan and incentive share scheme.
Willett exercised 7,977 incentive shares which were all sold to fund the exercise of an option plan award of GBP30,000, composed of 12,194 shares at 246.02 pence each.
Willett subsequently exercised 12,194 shares under the option plan and 1,462 dividend shares accrued under the incentive scheme. Following this exercise, he sold a further 4,449 shares to meet the liabilities and costs arising on the exercise.
All shares were sold at a price of 376.10 pence each, and following all the transactions Willett retained 9,207 shares.
Shares in the home improvement retailer were down 0.5% at 378.80 pence Thursday morning.
By Arvind Bhunjun; [email protected]; @arvindbhunjun
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