Director Shareholding
October 17 2003 - 3:46AM
UK Regulatory
RNS Number:0136R
Wolseley PLC
17 October 2003
Wolseley plc - Directors' Long Term Incentive Scheme Awards
Notification under the Listing Rules - Directors - Rule 16.3 (c)
Long Term Incentive Scheme Awards under the Wolseley plc 2001 Long Term
Incentive Scheme and the Wolseley plc 2002 Long Term Incentive Scheme
('Schemes')
On 16 October 2003 conditional awards were made under the Schemes to 51 senior
executives and 6 executive directors. The award made to Mr Banks under the 2001
Scheme and the awards made under the 2002 Scheme to the executive directors were
based upon 50% of each participant's base salary. These awards only vest upon
the achievement of certain corporate performance targets, which will usually be
assessed over a three-year period. No consideration is payable either at
allocation or on vesting of all or part of the awards.
The following table shows the conditional awards made to the six executive
directors who participated in the Schemes.
-------------------- ---------------------------
Name Conditional awards made on
16 October 2003 in #
-------------------- ----------------------------
C A Banks 390,965
J Regis-Descours 159,747
F N Hord 145,439
C S Hornsby 189,227
G Legtmann 175,000
S P Webster 192,500
This information is provided by RNS
The company news service from the London Stock Exchange
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