16th Apr 2007 10:13
Kingfisher PLC16 April 2007 KINGFISHER PLC DIRECTORS' INTERESTS Kingfisher plc ("the Company") today announces that conditional awards ofordinary shares in the Company were made to executive directors on 11 April2007. These awards, made under the Kingfisher Incentive Share Scheme ("theKISS"), were granted at a price of £2.7775 per share and become exercisable,subject to the rules of the KISS, for a period of, generally, 6 monthscommencing on 11 April 2010, provided the director has not resigned voluntarilyor been dismissed for cause. The awards are as follows: Shares Gerry Murphy 80,665Duncan Tatton-Brown 39,867Ian Cheshire 49,795 All of the awards are granted as nil cost options. In addition, the third awards under the Performance Share Plan ("the PSP")approved at the Company's Annual General Meeting held on 24 May 2006, have beengranted (as nil cost options) to the executive directors. In accordance with thePSP rules, the awards were granted on 11 April 2007 at a price of £2.77. The awards are as follows: Shares Gerry Murphy 205,776Duncan Tatton-Brown 99,277Ian Cheshire 99,277 Total grants of shares under the PSP are therefore: Shares at Shares at 255.5p Shares at 225.75p October 2006 277p June 2006 April 2007 Gerry Murphy 245,016 223,091 205,776Duncan Tatton-Brown 110,741 107,632 99,277Ian Cheshire 117,663 107,632 99,277 All of the above are subject to dividend roll-up at the appropriate time. The interest of each of the directors in options over the ordinary shares ofKingfisher plc following the grant of these awards is: Gerry Murphy between 3,070,270 and 3,215,114 including dividend roll-up on PSP awards based on dividends to date, and dependant upon achievement of relative TSR performance Duncan Tatton-Brown between 647,457 and 669,732 including dividend roll-up on PSP awards based on dividends to date, and dependant upon achievement of relative TSR performance Ian Cheshire between 1,400,812 and 1,440,874 including dividend roll-up on PSP awards based on dividends to date, and dependant upon achievement of relative TSR performance The Company was notified by the directors of all awards on 13 April 2007. 16 April 2007 Helen Jones, Group Company Secretaryor Julie Wilson, Assistant Company Secretary This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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