21st Oct 2011 12:29
HOME RETAIL GROUP PLC (the "Company")
PDMR SHAREHOLDINGS
The Company has today received notification of the following transactions in its
Ordinary Shares of 10 pence each ("ordinary shares") by persons discharging managerial responsibility (PDMR).
Release of shares under the Home Retail Group Re-Investment Plan
In October 2006 senior management re-invested share awards originally made under GUS plans (and which would otherwise have vested on demerger) in the Home Retail Group Re-Investment Plan, details of which have been previously disclosed. In accordance with the terms of the Home Retail Group Re-Investment Plan, on 19 October 2011, matching shares were released as follows:
Name of person discharging managerial responsibility | Matching shares released | Matching shares sold after release
| Matching shares retained |
Richard Ashton | 81,285 | 42,355 * | 38,930 |
Terry Duddy | 254,216 | 132,459* | 121,757 |
Paul Loft | 90,242 | 47,021 * | 43,221 |
*sale of shares to satisfy the tax and social security liabilities falling due
on the release of these shares and to cover the incidental costs of disposal.
The sale of shares took place on the London Stock Exchange on 19 October 2011, at a price of 98.7646 pence per share.
Directors' Shareholdings
The Company has also been notified that the following non-executive directors have acquired interests in the Company's ordinary shares, as shown below.
Name of non-executive director | Number of shares purchased |
John Coombe* | 6,900 |
Mike Darcey | 10,767 |
Ian Durant | 2,460 |
Oliver Stocken | 12,781 |
*the 6,900 ordinary shares bought for John Coombe will be registered in his spouse's name, Gail Coombe.
As disclosed in the Company's 2011 annual report and financial statements, the remuneration of non-executive directors includes fees which are to be used to purchase shares twice each year. The above number of shares were accordingly purchased on the London Stock Exchange on 20 October 2011 at a price of 96.9701 pence per share. Notification of the above purchases on behalf of the non-executive directors was received by the Company on 20 October 2011.
Notification of each of the above transactions is now made in accordance with Disclosure Rule 3.1.4R.
Gordon Bentley
Secretary
21 October 2011
Related Shares:
Home Reit