25th May 2006 16:03
Kesa Electricals plc25 May 2006 KESA ELECTRICALS PLC Directors/PDMR interests in connection with the Group's Deferred Annual Bonus and Performance Share Plan Following the approval by shareholders at the Annual General Meeting held on24th May 2006 to amend the rules of the Deferred Annual Bonus and PerformanceShare Plan, Kesa Electricals plc announces the following rights were granted toDirectors and PDMRs: Deferred Annual Bonus ----------------------- Award over number of sharesJean-Noel Labroue 4,846Simon Herrick 2,826PDMRs 42,674 The Deferred Annual Bonus is a conditional award of Company shares and the awardwill only vest if the participant is still employed on 22 March 2009. There isno entitlement to an award of matching shares. Performance Share Plan Award ------------------------------ Award over number of sharesJean-Noel Labroue 60,578Simon Herrick 35,117PDMRs 229,370 The Performance Share Plan Award is a conditional award which will only vest in2009, provided that the performance conditions have been satisfied. The number of shares that vest will depend on Kesa's total shareholder return("TSR") performance compared to the TSR performance of the General RetailersIndex in the FTSE 350 measured over 3 years. If Kesa's TSR performance is at themiddle point, then 25 per cent will vest. Kesa's TSR performance must be in thetop 25 per cent for 100 per cent to vest. There is a sliding scale between thisand the mid-point. Following these grants the Directors hold conditional awards over a total of293,908 shares and PDMR's hold conditional awards over a total of 773,608shares. Enquiries Kesa Electricals plc Simon Enoch +44 (0) 20 7269 1400 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
DRTY.L