Vodafone Group Plc Director/PDMR Shareholding (8228A)
01 October 2015 - 2:33AM
UK Regulatory
TIDMVOD
RNS Number : 8228A
Vodafone Group Plc
30 September 2015
VODAFONE GROUP PLC
('the Company')
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING
MANAGERIAL
RESPONSIBILITY OR CONNECTED PERSONS
In accordance with Disclosure and Transparency Rule 3.1.4R(1),
the Company gives notice that on 30 September 2015 it was advised
of the following changes in share interests of directors and
persons discharging managerial responsibilities ("PDMRs") of the
Company:
Number of Ordinary Share
of US$0.20 (20) /(21)
in the capital of Vodafone
Group Plc
------------------------------------
Acquisition Award of Performance
of Ordinary Shares (2)
Shares(1) (3)
-------------------- ------------- ---------------------
Vittorio Colao(*) 6,942 1,387,548
-------------------- ------------- ---------------------
Nick Read(*) 6,577 814,430
-------------------- ------------- ---------------------
Paolo Bertoluzzo 713,705
-------------------- ------------- ---------------------
Aldo Bisio 223,032
-------------------- ------------- ---------------------
Antonio Coimbra 535,277
-------------------- ------------- ---------------------
Jeroen Hoencamp 47,915 449,480
-------------------- ------------- ---------------------
Nick Jeffery 604,340
-------------------- ------------- ---------------------
Matthew Kirk 52,706 132,720
-------------------- ------------- ---------------------
Rosemary Martin 145,376 530,887
-------------------- ------------- ---------------------
Ronald Schellekens 199,740
-------------------- ------------- ---------------------
Robert Shuter 307,673
-------------------- ------------- ---------------------
Serpil Timuray 44,500 656,835
-------------------- ------------- ---------------------
Johan Wibergh 239,577 603,280
-------------------- ------------- ---------------------
(*) Denotes Director of the Company
(1) An interest in Ordinary Shares of US$0.20 (20) /(21) each
was acquired at the price of 207.25 pence per share on 30 September
2015 and, in the case of Serpil Timuray, an interest in Ordinary
Shares of US$0.20 (20) /(21) each in the Company was acquired at
the price of 207.42 pence per share on 29 September 2015. These
shares will be used for the purpose of co-investment.
(2) Conditional awards of shares were granted on 30 September
2015 by the Company. The awards have been granted in accordance
with the Vodafone Global Incentive Plan (incorporating
co-investment). The vesting of these awards is conditional on
continued employment with the Vodafone Group, retention of
co-investment 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.
(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.
In addition , the Company announces that notification was
received on 30 September 2015 that Nick Read exercised options
granted over 257,838 Ordinary Shares of US$0.20 (20) /(21) each in
the Company at a price of 136 pence per Ordinary Share on 1 July
2005. 211,456 shares were sold at a price of 206.892 pence per
Ordinary Share solely to defray the costs of exercise and the
associated tax and NI charges. The remaining 46,382 Ordinary Shares
have been retained.
As a result of the above, Vittorio Colao now has an interest in
10,906,223 Ordinary Shares and Nick Read has an interest in
2,086,257 Ordinary Shares (both excluding share options and
unvested incentive shares).
This information is provided by RNS
The company news service from the London Stock Exchange
END
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