18th Jun 2007 14:48
Vodafone Group Plc18 June 2007 Vodafone Group Plc ("the Company") In accordance with Disclosure and Transparency Rule 3.1.4R(1), I have to informyou of the following changes in share interests of directors and PDMRs of theCompany: Ordinary Shares of 11 3/7 cents in the capital of Vodafone Group Plc A B Purchased shares Global Incentive Plan AwardsArun Sarin* 694,811 592,974Vittorio Colao* 180,063 153,671Andrew Halford* 323,189 275,820Warren Finegold 255,595 218,133Alan Harper 276,451 235,932Terry Kramer 134,059 103,849Simon Lewis 204,794 174,778Steve Pusey 109,757 93,670Frank Rovekamp 136,304 142,984 * Denotes Director of the Company (A) The Company was advised today by Halifax EES Trustees International Limited that on 15 June 2007 the above named directors and persons discharging managerial responsibility acquired an interest in the number of shares of 11 3/7 cents each in the Company in column A above at the price of 162.6 pence per share pursuant to the rules of the Vodafone Global Incentive Plan. These purchases were made from the proceeds of cash bonuses, after tax and social security, for the year ended 31 March 2007. (B) Conditional awards of the number of shares in column B above were granted on 15 June 2007 by the Trustees of the Vodafone Global Employee Share Trust. The awards have been made in accordance with the Vodafone Global Incentive Plan. The shares were awarded at a price of 162.6 pence per share. These shares will normally be transferred to participants on or shortly after the second anniversary of the date of grant of the award, subject to the continued employment of the participants, retention of the shares purchased on 15 June 2007 set out in (A) above until at least 31 March 2009 and the achievement of a performance condition approved by the Remuneration Committee. The condition requires a cumulative adjusted free cash flow target to be met over the two years from 1 April 2007 to 31 March 2009. The free cash flow target will be set by reference to the Group plan over the two year period and the enhancement award will vest if at least 85% of the target is achieved. The free cash flow measure will exclude any one-off/material tax and spectrum/ license costs. As a result of the above, the interests in shares (excluding share options andunvested incentive shares) of the following Directors have increased to thefollowing: Arun Sarin 6,699,675Vittorio Colao 180,063Andrew Halford 674,337 The Company was notified of these changes on 15 June 2007. S R ScottCompany Secretary This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Vodafone