24th Jul 2013 17:18
24 July 2013
DIXONS RETAIL PLC
DIRECTOR/PDMR SHAREHOLDING
On 24 July 2013, Dixons Retail plc (the "Company") granted awards of Shares in the Company to the Directors identified in the table below pursuant to the Company's Performance Share Plan (PSP).
PSP
Name of director/PDMR | Maximum number of Shares subject to the award | Price paid for the award |
Sebastian James | 1,470,948 | Nil |
Humphrey Singer | 882,569 | Nil |
Katie Bickerstaffe | 980,632 | Nil |
The number of Shares which will be released after the three year vesting period, will depend upon the extent to which the performance conditions applicable to these awards are satisfied:
TSR: 50% of the award will vest provided that the Total Shareholder Return (TSR) achieved by the Company over the performance period of three financial years commencing 1 May 2013 relative to the FTSE 250 (excluding investment trusts) is between median (25% vesting) to upper quartile (100% vesting).
EPS: 50% of the award will vest provided that the Company's Earnings Per Share (EPS) performance for the 2015/16 financial year is between 3 pence (25% vesting) and 4 pence (100% vesting).
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, PR and Corporate Affairs Director 01727 205065
Hannah Collyer Head of Media Relations 01727 203041
Related Shares:
DXNS.L