2nd Jul 2012 14:31
2 July 2012
DIXONS RETAIL PLC
DIRECTOR/PDMR SHAREHOLDING
On 29 June 2011, Dixons Retail plc (the "Company") granted awards of and options over Shares in the Company to the Directors identified in the tables below pursuant to the Company's Performance Share Plan (PSP) and Executive Share Option Plan (ESOP).
PSP
Name of director/PDMR | Maximum number of Shares subject to the award | Price paid for the award |
Sebastian James | 6,857,142 | Nil |
Humphrey Singer | 4,114,285 | Nil |
Katie Bickerstaffe | 4,571,428 | Nil |
Between 25% and 100% of the awards will vest for achievement of a share price of between 25 and 35 pence over a three year performance period subject to the Company's underlying diluted earnings per share (EPS) growth over the performance period being on average RPI+5% per annum. The performance condition will be measured over a three year performance period and the awards will be released between year 3 and 4 depending upon the level of vesting.
ESOP
Name of director/PDMR | Maximum number of Shares subject to the option | Option Price (p) |
Sebastian James | 2,571,428 | 17.51 |
Humphrey Singer | 1,542,857 | 17.51 |
Katie Bickerstaffe | 1,714,285 | 17.51 |
Between 25% and 100% of these options will vest provided that the Company's EPS performance for the 2014/15 financial year is between 2.5 and 3.5 pence. The options will not be exercisable until the fifth anniversary of the date of grant.
This announcement is made in accordance with the requirements of DTR 3.1.4 R(1) (a) and DTR 3.1.4 R(1) (b).
- Ends -
For further information:
Helen Grantham Company Secretary & General Counsel 01727 203533
David Lloyd-Seed IR and Corporate Affairs Director 01727 205065
Related Shares:
DXNS.L