Vodafone Group Plc Director/PDMR Shareholding (5682R)
June 29 2015 - 11:15AM
UK Regulatory
TIDMVOD
RNS Number : 5682R
Vodafone Group Plc
29 June 2015
Vodafone Group Plc ("the Company")
In accordance with Disclosure and Transparency Rule 3.1.4R(1),
the Company gives notice of the following changes in share
interests of directors, persons discharging managerial
responsibilities ("PDMRs") of the Company and their connected
persons:
Number of ordinary share of US$0.20
(20) /(21)
in the capital of Vodafone Group
Plc
------------------------------------
Award of performance shares (3)
----------------------- ------------------------------------
Vittorio Colao(1)* 1,651,608
----------------------- ------------------------------------
Nick Read(1)* 775,537
----------------------- ------------------------------------
Johan Wibergh(1) 470,022
----------------------- ------------------------------------
Johan Wibergh(2) 104,449
----------------------- ------------------------------------
Paolo Bertoluzzo(1) 556,650
----------------------- ------------------------------------
Warren Finegold(1) 501,067
----------------------- ------------------------------------
Philipp Humm(1) 658,032
----------------------- ------------------------------------
Nick Jeffery(1) 488,823
----------------------- ------------------------------------
Matthew Kirk(1) 366,617
----------------------- ------------------------------------
Rosemary Martin(1) 413,620
----------------------- ------------------------------------
Ronald Schellekens(1) 465,322
----------------------- ------------------------------------
Serpil Timuray(1) 416,467
----------------------- ------------------------------------
(*) Denotes Director of the Company
(1) Conditional awards of shares were granted on 26 June 2015 by
the Company. The awards have been granted in accordance with the
Vodafone Global Incentive Plan. The vesting of these awards is
conditional on continued employment with the Vodafone Group and on
the satisfaction of a performance condition approved by the
Remuneration Committee. The performance condition is based on free
cash flow performance with a multiplier that is based on
comparative total shareholder return ("TSR") performance. The free
cash flow performance is based on a three year cumulative adjusted
free cash flow figure. The target adjusted free cash flow level is
set by reference to the Company's three year plan and market
expectations; 100% of the award will vest for target performance,
rising to 125% vesting for maximum performance. The multiplier is
based on the TSR of the Company over the three year performance
period 1 April 2015 to 31 March 2018 relative to a peer group of
seven companies within the Telecoms sector. There will be no
increase in vesting until TSR performance exceeds median, at which
point the multiplier will increase up to two on a linear basis for
upper quintile performance. The maximum vesting is 250%: for
maximum free cash flow performance (125%) and maximum TSR
performance (multiplier of 2). For further details of the Plan,
please see page 90 of the Company's 2015 Annual Report, available
at www.vodafone.com/investor.
(2) An additional conditional award of shares was granted on 26
June 2015 by the Company. The award was granted in accordance with
the rules of the Vodafone Global Incentive Plan, will vest in two
years from grant and is conditional on continued employment with
the Vodafone Group.
(3) The Directors and other PDMRs are subject to the Company's
share ownership guidelines, which provide that they will acquire
and maintain minimum levels of shareholding. The levels are four
times salary for the Chief Executive, three times salary for other
Board Directors and two times salary for the other PDMRs, who are
members of the Executive Committee.
The Company was notified of these changes on 26 June 2015.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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