23rd Mar 2005 09:57
Wolseley PLC23 March 2005 Notification under the Listing Rules - Directors - Rule 16.13 (c) Following his recent appointment as Chief Executive Officer for Europe, thefollowing awards have been made today to Robert H. Marchbank: 1. The Wolseley Share Option Plan 2003 ("the 2003 Plan") 50,000 options over ordinary shares of 25 pence each in the capital of theCompany have been granted at a price of 1100 pence per share. These options have been granted under the 2003 Plan and require the satisfactionof corporate performance criteria before the options become capable of exercise.The options have been granted without the benefit of any retesting and will,therefore, lapse if the performance criteria have not been met upon maturity ofthe awards in March 2008. The total number of shares over which options are held by Mr Marchbank followingthis notification (which have been granted at various option prices and onvarious dates) is 189,195. 2. The Wolseley plc 2002 Long Term Incentive Scheme ("LTIS") A conditional allocation of 10,000 shares has been made under the LTIS. Theseshares will only vest upon the achievement of certain corporate performancetargets measured over a three year period and no consideration is payable eitherat allocation or on vesting of all or part of the awards. The total number of shares held under the LTIS by Mr Marchbank following thisnotification is 23,595. Enquiries: Wolseley plc 0118 929 8700 Guy Stainer - Head of Investor Relations Mark J White - Group Company Secretary ends This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Ferguson