14th Feb 2007 14:17
Vodafone Group Plc14 February 2007 NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIALRESPONSIBILITY OR CONNECTED PERSONS Vodafone Group Plc ("the Company") In accordance with Disclosure and Transparency Rule 3.1.4R(1), I have to informyou that on 13 February 2007, Terry Dean Kramer, a person discharging managerialresponsibility, was granted an option over 350,024 ordinary shares of US$0.113/7 each in the Company in accordance with the Vodafone Global Incentive Plan andwith the Company's policy on long-term incentives that has been approved byshareholders. The option will be exercisable at a price of 151.25p which is theLondon Stock Exchange closing price per share on 12 February 2007. The option will be exercisable subject to continued employment with the VodafoneGroup and the satisfaction of a performance condition approved by theRemuneration Committee. The performance conditions is that compound growth inadjusted earnings per share over the three-year performance period must exceedat least 5% per annum. If the compound growth is 5% per annum, 25% of theoption will vest rising to full vesting if compound growth is 10% per annum. Inthe event that full vesting is not achieved after three years, the option willlapse. The option is normally exercisable at any time between 3 and 10 yearsfrom the date of grant. S R ScottGroup General Counsel and Company Secretary This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Vodafone