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WOS Wolseley

4,527.00
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Wolseley LSE:WOS London Ordinary Share JE00BFNWV485 ORD 10 53/66P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 4,527.00 4,530.00 4,532.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Wolseley PLC Director/PDMR Shareholding (9231I)

22/06/2017 2:39pm

UK Regulatory


Wolseley (LSE:WOS)
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From Apr 2019 to Apr 2024

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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

DSHPGUMWQUPMGWP

(END) Dow Jones Newswires

June 22, 2017 09:39 ET (13:39 GMT)

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