Wolseley PLC Director/PDMR Shareholding (9231I)
June 22 2017 - 8:39AM
UK Regulatory
TIDMWOS
RNS Number : 9231I
Wolseley PLC
22 June 2017
WOLSELEY PLC ("Company")
NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITIES ("PDMRs") IN ORDINARY SHARES OF 10 (53) /(66) p
EACH IN THE COMPANY ("Shares")
On 21 June 2017 the Company granted buy out awards to Mike
Powell, Executive Director and PDMR. These were awarded to Mr
Powell under an arrangement to which Listing Rule 9.4.2R applies in
respect of awards forfeited on leaving his previous employment.
Restricted Share Buy Out Awards
PDMR/Executive Number of Shares Vesting Date
Director under award
M Powell 14,026 28 March 2018
5,695 27 March 2019
2,439 1 April 2020
The awards were granted as conditional awards. No consideration
is payable at allocation or on vesting of all or part of the
awards.
Subject to continued employment, the conditional awards will
normally vest on the dates above.
Performance Based Buy Out Award
PDMR/Executive Number of Shares Vesting Date
Director under award
M Powell 18,859 1 November 2019
These awards will only vest if certain corporate performance
conditions are satisfied. These performance conditions are measured
over a three year period (from 1 August 2016 to 31 July 2019) and
are the same as those applied to awards granted to Executive
Directors and PDMRs on 1 November 2016 under the Wolseley Group
Long Term Incentive Plan 2015. Full details of the relevant
performance conditions can be found in the Remuneration Report of
the Company's Annual Report and Accounts 2016. Subject to continued
employment and the performance conditions being satisfied, the
conditional award will normally vest on 1 November 2019.
The attached notifications, which have been made in accordance
with the requirements of the EU Market Abuse Regulations, provide
further detail.
Restricted Share Buy Out Awards
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -------------------------------------------------------------------
a) Name Michael Powell
--- ------------------------------ -----------------------------------
2 Reason for the notification
--- -------------------------------------------------------------------
a) Position/status Group Chief Financial Officer
--- ------------------------------ -----------------------------------
b) Initial/Amendment Initial notification
notification
--- ------------------------------ -----------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
--- -------------------------------------------------------------------
a) Name Wolseley plc
--- ------------------------------ -----------------------------------
b) LEI 2138005UHP5J9Y2RM657
--- ------------------------------ -----------------------------------
4 Details of the transaction(s): section to be
repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date;
and (iv) each place where transactions have
been conducted
--- -------------------------------------------------------------------
a) Description of Ordinary Shares of 10 53/66p
the financial each
instrument, type
of instrument
Identification ISIN: JE00BFNWV485
code
--- ------------------------------ -----------------------------------
b) Nature of the The grant of a Restricted Share
transaction Buy Out Award which will normally
vest on 28 March 2018
--- ------------------------------ -----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
GBP0.00 14,026
---------- ----------
GBP - British Pound
--- ------------------------------ -----------------------------------
d) Aggregated information
* Aggregated volume Not applicable
GBP0.00
* Price
--- ------------------------------ -----------------------------------
e) Date of the transaction 2017-06-21; UTC time
--- ------------------------------ -----------------------------------
f) Place of the transaction Outside a trading venue.
--- ------------------------------ -----------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -------------------------------------------------------------------
a) Name Michael Powell
--- ------------------------------ -----------------------------------
2 Reason for the notification
--- -------------------------------------------------------------------
a) Position/status Group Chief Financial Officer
--- ------------------------------ -----------------------------------
b) Initial/Amendment Initial notification
notification
--- ------------------------------ -----------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
--- -------------------------------------------------------------------
a) Name Wolseley plc
--- ------------------------------ -----------------------------------
b) LEI 2138005UHP5J9Y2RM657
--- ------------------------------ -----------------------------------
4 Details of the transaction(s): section to be
repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date;
and (iv) each place where transactions have
been conducted
--- -------------------------------------------------------------------
a) Description of Ordinary Shares of 10 53/66p
the financial each
instrument, type
of instrument
Identification ISIN: JE00BFNWV485
code
--- ------------------------------ -----------------------------------
b) Nature of the The grant of a Restricted Share
transaction Buy Out Award which will normally
vest on 27 March 2019
--- ------------------------------ -----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
GBP0.00 5,695
---------- ----------
GBP - British Pound
--- ------------------------------ -----------------------------------
d) Aggregated information
* Aggregated volume Not applicable
GBP0.00
* Price
--- ------------------------------ -----------------------------------
e) Date of the transaction 2017-06-21; UTC time
--- ------------------------------ -----------------------------------
f) Place of the transaction Outside a trading venue.
--- ------------------------------ -----------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -------------------------------------------------------------------
a) Name Michael Powell
--- ------------------------------ -----------------------------------
2 Reason for the notification
--- -------------------------------------------------------------------
a) Position/status Group Chief Financial Officer
--- ------------------------------ -----------------------------------
b) Initial/Amendment Initial notification
notification
--- ------------------------------ -----------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
--- -------------------------------------------------------------------
a) Name Wolseley plc
--- ------------------------------ -----------------------------------
b) LEI 2138005UHP5J9Y2RM657
--- ------------------------------ -----------------------------------
4 Details of the transaction(s): section to be
repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date;
and (iv) each place where transactions have
been conducted
--- -------------------------------------------------------------------
a) Description of Ordinary Shares of 10 53/66p
the financial each
instrument, type
of instrument
Identification ISIN: JE00BFNWV485
code
--- ------------------------------ -----------------------------------
b) Nature of the The grant of a Restricted Share
transaction Buy Out Award which will normally
vest on 1 April 2020
--- ------------------------------ -----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
GBP0.00 2,439
---------- ----------
GBP - British Pound
--- ------------------------------ -----------------------------------
d) Aggregated information
* Aggregated volume Not applicable
GBP0.00
* Price
--- ------------------------------ -----------------------------------
e) Date of the transaction 2017-06-21; UTC time
--- ------------------------------ -----------------------------------
f) Place of the transaction Outside a trading venue.
--- ------------------------------ -----------------------------------
Performance Based Buy Out Award
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------------------
a) Name Michael Powell
--- ------------------------------ ----------------------------------
2 Reason for the notification
--- ------------------------------------------------------------------
a) Position/status Group Chief Financial Officer
--- ------------------------------ ----------------------------------
b) Initial/Amendment Initial notification
notification
--- ------------------------------ ----------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
--- ------------------------------------------------------------------
a) Name Wolseley plc
--- ------------------------------ ----------------------------------
b) LEI 2138005UHP5J9Y2RM657
--- ------------------------------ ----------------------------------
4 Details of the transaction(s): section to be
repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date;
and (iv) each place where transactions have
been conducted
--- ------------------------------------------------------------------
a) Description of Ordinary Shares of 10 53/66p
the financial each
instrument, type
of instrument
Identification ISIN: JE00BFNWV485
code
--- ------------------------------ ----------------------------------
b) Nature of the The grant of a Performance
transaction Based Buy Out Award which will,
subject to satisfaction of
performance conditions, normally
vest on 1 November 2019
--- ------------------------------ ----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
GBP0.00 18,859
---------- ----------
GBP - British Pound
--- ------------------------------ ----------------------------------
d) Aggregated information
* Aggregated volume Not applicable
GBP0.00
* Price
--- ------------------------------ ----------------------------------
e) Date of the transaction 2017-06-21; UTC time
--- ------------------------------ ----------------------------------
f) Place of the transaction Outside a trading venue.
--- ------------------------------ ----------------------------------
Enquiries:
Graham Middlemiss, Group Company Secretary
(00 41 41 723 2230)
22 June 2017
This information is provided by RNS
The company news service from the London Stock Exchange
END
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