24 May 2016 13:49
24 May 2016
HOME RETAIL GROUP PLC
(the "Company")
DIRECTOR/PDMR SHAREHOLDINGS
The Company has today received notification of the following transactions in its ordinary shares of 10 pence each ("Ordinary Shares") by its executive directors, as named below.
Release of awards under the Home Retail Group Performance Share Plan
The Company made awards on 23 May 2013 under the terms of the Company's Performance Share Plan. The awards were subject to performance conditions. At the vesting date of 23 May 2016, Ordinary Shares were released as follows:
Name of executive director | Award released | Ordinary Shares sold after release | Shares retained |
Richard Ashton | 124,899 | (1) 58,856 | 66,043 |
John Walden | 143,114 | (1) 67,439 | 75,675 |
(1) Sale of shares to satisfy the income tax and social security liabilities falling due on the release of these shares and to cover the incidental costs of disposal.
The sale of shares took place on the London Stock Exchange on 23 May 2016 at a price of 163.5 pence per Ordinary Share.
The proportion of the awards in respect of which the performance conditions were not satisfied has lapsed.
Notification of these transactions is now made in accordance with Rule 3.1.4R of the Disclosure Rules and Transparency Rules.
Gordon Bentley
COMPANY SECRETARY
Home Reit (HOME)