23rd Mar 2007 17:05
Kesa Electricals plc23 March 2007 KESA ELECTRICALS PLC Directors/PDMR interests in connection with the Group's Deferred Annual Bonus and Performance Share Plan Following the announcement of the Groups preliminary results for the 12 monthperiod ended 31st January 2007, Kesa Electricals plc announces the followingrights were granted to Directors and PDMRs: +--------------------------------------------------------------------------+| Deferred Annual Bonus || ----------------------- |+------------------------------------+-------------------------------------+| |Award over number of shares |+------------------------------------+-------------------------------------+|Jean-Noel Labroue | 26,933 |+------------------------------------+-------------------------------------+|Simon Herrick | 15,719 |+------------------------------------+-------------------------------------+|PDMRs | 69,006 |+------------------------------------+-------------------------------------+ The Deferred Annual Bonus is a conditional award of Company shares and the awardwill only vest if the participant is still employed on 22 March 2010. There isno entitlement to an award of matching shares. +--------------------------------------------------------------------------+| Performance Share Plan Award || ------------------------------ |+------------------------------------+-------------------------------------+| |Award over number of shares |+------------------------------------+-------------------------------------+|Jean-Noel Labroue | 53,866 |+------------------------------------+-------------------------------------+|Simon Herrick | 31,439 |+------------------------------------+-------------------------------------+|PDMRs | 158,617 |+------------------------------------+-------------------------------------+ The Performance Share Plan Award is a conditional award which will only vest in2010, provided that the performance conditions have been satisfied. The number of shares that vest will depend on Kesa's total shareholder return("TSR") performance compared to the TSR performance of the General RetailersIndex in the FTSE 350 measured over 3 years. If Kesa's TSR performance is at themiddle point, then 25 per cent will vest. Kesa's TSR performance must be in thetop 25 per cent for 100 per cent to vest. There is a sliding scale between thisand the mid-point. Following these grants the Directors hold conditional awards over a total of276,017 shares and PDMR's hold conditional awards over a total of 615,449shares. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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