23rd Oct 2009 14:00
HOME RETAIL GROUP PLC (the "Company")
PDMR SHAREHOLDINGS
The Company has today received notification of the following transactions in its
Ordinary Shares of 10 pence each ("ordinary shares") by persons discharging managerial responsibility.
Release of shares under the Home Retail Group Performance Share Plan
In October 2006, a one-off award was made as part of the demerger, details of which have been previously disclosed. In accordance with the terms of the Home Retail Group Performance Share Plan, awards made in October 2006 vested on 16 October 2009 and ordinary shares were consequently released as follows:
|
Name of person discharging managerial responsibility
|
Plan shares released
|
Plan shares sold after release
|
Plan shares retained
|
|
|
|
|
|
|
Richard Ashton
|
27,998
|
11,520*
|
16,478
|
|
|
|
|
|
|
Terry Duddy
|
57,483
|
23,651*
|
33,832
|
|
|
|
|
|
|
Paul Loft
|
24,043
|
9,893*
|
14,150
|
|
|
|
|
|
|
Sara Weller
|
34,111
|
14,035*
|
20,076
|
|
|
|
|
|
*sale of shares to satisfy the tax and social security liabilities falling due
on the release of these shares and to cover the incidental costs of disposal.
The sale of shares took place on the London Stock Exchange on 16
October 2009, at a price of 299.6 pence per share.
Release of shares under the Home Retail Group Re-Investment Plan
In October 2006 senior management re-invested share awards originally made under GUS plans (and which would otherwise have vested on demerger) in the Home Retail Group Re-Investment Plan, details of which have been previously disclosed.
In accordance with the terms of the Home Retail Group Re-Investment Plan, on 22 October 2009, matching shares together with shares in re-invested awards were released as follows:
Matching Shares
|
Name of person discharging managerial responsibility |
Matching shares released |
Matching shares sold after release |
Matching shares retained |
|
Richard Ashton |
255,614 |
105,065* |
150,549 |
|
Terry Duddy |
799,426 |
328,587* |
470,839 |
|
Paul Loft |
283,783 |
116,643* |
167,140 |
|
Sara Weller |
190,674 |
78,373* |
112,301 |
*sale of shares to satisfy the tax and social security liabilities falling due
on the release of these shares and to cover the incidental costs of disposal.
Shares in Re-invested Awards
|
Name of person discharging managerial responsibility |
Invested shares released |
Invested shares sold after release |
Shares retained |
|
Richard Ashton |
231,043 |
94,966* |
136,077 |
|
Terry Duddy |
722,576 |
296,999* |
425,577 |
|
Paul Loft |
256,505 |
105,431* |
151,074 |
|
Sara Weller |
118,822 |
48,840* |
69,982 |
*sale of shares to satisfy the tax and social security liabilities falling due
on the release of these shares and to cover the incidental costs of disposal.
The sale of shares took place on the London Stock Exchange on 22 October 2009, at a price of 302.3257 pence per share.
Directors' Shareholdings
The Company has also been notified that the following non-executive directors have acquired interests in the Company's ordinary shares, as shown below.
|
Name of non-executive director
|
Number of shares purchased
|
|
|
|
|
John Coombe
|
5,250
|
|
|
|
|
Penny Hughes
|
3,750
|
|
|
|
|
Oliver Stocken
|
11,500
|
As disclosed in the Company's 2009 annual report and financial statements, the remuneration of non-executive directors includes prescribed quantities of the ordinary shares, which are to be issued twice each year. The above number of shares were accordingly purchased on the London Stock Exchange on 22 October 2009 at a price of 302 pence per share. Notification of the above purchases on behalf of the non-executive directors was received by the Company on 22 October 2009.
Notification of each of the above transactions is now made in accordance with Disclosure Rule 3.1.4R.
Gordon Bentley
Secretary
23 October 2009
Related Shares:
Home Reit