2nd Jul 2012 10:29
KESA ELECTRICALS PLC
2nd July 2012
Directors/PDMR interests in connection with the
Group's Deferred Annual Bonus and Performance Share Plan and Long term Incentive Plan
Kesa Electricals plc announces that in accordance with the rules of the Long Term Incentive Plan, the following awards to Directors/PDMRs under the 2009 Performance Share Plan have lapsed, as the performance conditions were not satisfied.
2009 Performance Share Plan
| Number of shares lapsed |
PDMRs | 351,340
|
T Falque-Pierrotin | 233,168
|
The 2009 Deferred Annual Bonus is a conditional award of Company shares and the following awards to Directors/PDMRs have vested as participants were still employed by the Company on 24 June 2012.
2009 Deferred Annual Bonus
Exercise Price per share
| Award over number of shares | Award Value | |
PDMRs | £0.50 | 168,106 | £84,053
|
T Falque-Pierrotin | £0.50 | 38,861 | £19,430.50
|
Following this Award of shares, Thierry Falque-Pierrotin now holds 911,542 ordinary shares representing 0.17% of the issued share capital.
Long Term Incentive Plan
The following Awards under the Group's Long Term Incentive Plan have been made subject to the achievement of performance conditions measured over the three consecutive financial years starting with the year in which the date of grant falls.
Number of shares | Vesting date
| |
PDMR | 3,092,500 | 27 June 2015
|
Thierry Falque-Pierrotin | 1,758,900 | 27 June 2015
|
Dominic Platt | 483,100 | 27 June 2015
|
Following this Award, Thierry Falque-Pierrotin holds conditional awards over 2,537,806 shares, and Dominic Platt holds conditional awards over 680,988 shares. PDMRs hold conditional awards over 4,885,866 shares.
Enquiries
Analysts
Kesa Electricals plc
Simon Ward UK +44 (0) 20 7269 1400
Media
Kesa Electricals plc
Simon Ward UK +44 (0) 20 7269 1400
Vinciane Beurlet France +33 1 43 18 52 00
Finsbury
Rollo Head UK +44 (0) 20 7251 3801
Jenny Davey
Related Shares:
DRTY.L