Kingfisher PLC — Director's Dealing 2013

Oct 31, 2013

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RNS Number : 8576R

Kingfisher PLC

31 October 2013

KINGFISHER PLC (the 'Company')

Notification of Transactions by a Person Discharging Managerial Responsibility ('PDMR')

On 30 October 2013, the Company was notified that Steve Willett, CEO, Group Productivity & Development, (a PDMR) exercised awards granted under the Company Share Option Plan (the 'CSOP') and the Kingfisher Incentive Share Scheme ('KISS') in 2010. The CSOP is an HMRC approved plan and awards are granted as an element of the KISS.  The CSOP is underpinned by a matching fixed value element of the KISS, which must be exercised in conjunction with, and funds the exercise cost of the CSOP.

On 29 October 2013, Mr Willett exercised 7,977 KISS 2010 shares which were all sold to fund the exercise price of the CSOP 2010 award of £29,999.68 (12,194 shares at 246.02 pence per share). He subsequently exercised 12,194 shares under the CSOP 2010 award and 1,462 dividend shares accrued on the KISS 2010 award. Following this exercise he sold a further 4,449 shares to meet the liabilities and costs arising on exercise.

All shares were sold at a price of 376.10 pence per ordinary share and following the transactions Mr Willett retained 9,207 shares.

This notification is made in accordance with the requirements of DTR 3.1.4.

David Morris

Deputy Company Secretary

Tel:  020 7644 1230

This information is provided by RNS

The company news service from the London Stock Exchange

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