10th Jun 2008 10:10
NOTIFICATION OF TRANSACTIONS OF DIRECTORS AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMR")
In accordance with Disclosure Rule 3.1.4R(1), Signet Group plc gives notice that on 15 April 2008 the following Directors and PDMRs have been granted options under the Signet Group plc US Share Option Plan 2003, the Signet Group plc International Share Option Plan 2003 and the Signet Group plc 2005 LTIP as follows:
US Share Option Plan
|
Name |
Status |
Option Price per ordinary 0.9 US cents share |
No. of shares under option |
Date Exercisable |
|
T Burman |
Director |
$1.24 |
5,233,064 |
Normally between 3 and 10 years of grant date |
|
M Light |
Director |
$1.24 |
1,032,257 |
Normally between 3 and 10 years of grant date |
|
W Montalto |
PDMR |
$1.24 |
455,645 |
Normally between 3 and 10 years of grant date |
|
R Trabucco |
PDMR |
$1.24 |
306,451 |
Normally between 3 and 10 years of grant date |
International Share Option Plan 2003
|
Name |
Status |
Option Price per ordinary 0.9 US cents share |
No. of shares under option |
Date Exercisable |
|
W Boyd |
Director |
65p |
808,153 |
Normally between 3 and 10 years of grant date |
|
R Anderson |
Director |
65p |
430,523 |
Normally between 3 and 10 years of grant date |
|
T Jackson |
PDMR |
65p |
179,445 |
Normally between 3 and 10 years of grant date |
|
M Jenkins |
PDMR |
65p |
199,384 |
Normally between 3 and 10 years of grant date |
2005 LTIP
|
Name |
Status |
Date Exercisable |
|
T Burman |
Director |
Normally between 3 and 10 years of grant date |
|
M Light |
Director |
Normally between 3 and 10 years of grant date |
|
W Boyd |
Director |
Normally between 3 and 10 years of grant date |
|
R Anderson |
Director |
Normally between 3 and 10 years of grant date |
|
W Montalto |
PDMR |
Normally between 3 and 10 years of grant date |
|
R Trabucco |
PDMR |
Normally between 3 and 10 years of grant date |
|
T Jackson |
PDMR |
Normally between 3 and 10 years of grant date |
|
M Jenkins |
PDMR |
Normally between 3 and 10 years of grant date |
Vesting of the LTIP award is subject to the satisfaction over a period of three financial years of specified performance conditions.
In the event of the award vesting, one half of it will be satisfied by the grant to the director of an option, exercisable in normal circumstances for the remainder of the period of 10 years which commenced on the original grant of the award, to acquire ordinary shares in Signet Group plc for nil cost.
The number of shares to be comprised in the option will be calculated by dividing the value of one half of the award by 65p for UK based directors/PDMRs and $1.24 for US based directors/PDMRs. The value of the award that vests will depend upon the extent to which the performance conditions have been fulfilled and will also be capped by reference to a fixed percentage of the director's basic salary at that time. The number of shares to be comprised in the option will therefore not be established until the award vests and cannot therefore be notified at this stage.
10 June 2008
Related Shares:
SIG.L