19th Jan 2006 12:20
Wolseley PLC19 January 2006 Following his recent appointment as Chief Executive Officer for North America,the following awards have been made today to Frank W. Roach: 1. The Wolseley Share Option Plan 2003 ("the 2003 Plan") ----------------------------------------------------- 50,000 options over ordinary shares of 25 pence each in the capital of theCompany have been granted at a price of 1281 pence per share. These options have been granted under the 2003 Plan and require the satisfactionof corporate performance criteria before the options become capable of exercise.The options have been granted without the benefit of any retesting and will,therefore, lapse if the performance criteria have not been met upon maturity ofthe awards in January 2009. The total number of shares over which options are held by Mr Roach followingthis notification (which have been granted at various option prices and onvarious dates) is 154,052. 2. The Wolseley plc 2002 Long Term Incentive Scheme ("LTIS") --------------------------------------------------------- A conditional allocation of 10,000 shares has been made under the LTIS. Theseshares will only vest upon the achievement of certain corporate performancetargets measured over a three year period and no consideration is payable eitherat allocation or on vesting of all or part of the awards. The total number of shares held under the LTIS by Mr Roach following thisnotification is 26,314. Enquiries: Wolseley plc0118 929 8700 Guy Stainer - Head of Investor RelationsMark J White - Group Company Secretary ends This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Ferguson