Director/PDMR Shareholding
September 25 2007 - 12:23PM
UK Regulatory
RNS Number:4718E
Woolworths Group PLC
25 September 2007
Woolworths Group plc
PDMRs Interests: Share Awards
The following awards of ordinary shares of 12.5p each nominal in the Company
have been made on 24 September 2007 under the Company's Performance Share Plan.
These conditional awards were made at a price of 20.0p per share and will vest,
subject to the rules of the Plan and the future performance of the Company, on
24 September 2010, provided also that the PDMR remains in employment with the
Company at that time.
Conditional
Share
Award *
Jonathan Bloom 67,275
Joanne Huddart 86,250
Robin Mills 67,275
Phil Streatfield 78,750
Mike Thomas 56,888
Graham Barnetson 55,275
Rob Salter 60,000
Paul Ludlam 50,625
* Assumes on target EPS and TSR Performance
In accordance with the rules of the Plan, 50% of the conditional award depends
on the increase in the Company's fully diluted, adjusted earnings per share ("
EPS") over the next three years. The increase in EPS is in addition to the
increase in the Retail Prices Index. The following table sets out how this
element of the awards will vary in line with the increase in EPS.
EPS-Based Award
less than 2% 2% pa 3% pa 4% pa 5% pa 6% pa
pa
Jonathan Bloom Nil 22,425 33,638 44,850 67,275 89,700
Joanne Huddart Nil 28,750 43,125 57,500 86,250 115,000
Robin Mills Nil 22,425 33,638 44,850 67,275 89,700
Phil Streatfield Nil 26,250 39,375 52,500 78,750 105,000
Mike Thomas Nil 18,963 28,444 37,925 56,888 75,850
Graham Barnetson Nil 18,425 27,638 36,850 55,275 73,700
Rob Salter Nil 20,000 30,000 40,000 60,000 80,000
Paul Ludlam Nil 16,875 25,313 33,750 50,625 67,500
In addition, the remaining 50% of the conditional award depends on the Company's
Total Shareholder Return ("TSR") performance over the next three years. The
Comparator group for these purposes is the FTSE General Retailers Index. The
following table sets out how this element of the award will vary in line with
the increase in EPS.
TSR-Based Award
below median median - 61st - 70th 71st - 80th upper
60th percentile percentile quintile
percentile
Jonathan Bloom Nil 22,425 33,637 44,850 89,700
Joanne Huddart Nil 28,750 43,125 57,500 115,000
Robin Mills Nil 22,425 33,637 44,850 89,700
Phil Streatfield Nil 26,250 39,375 52,500 105,000
Mike Thomas Nil 18,962 28,444 37,925 75,850
Graham Barneston Nil 18,425 27,637 36,850 73,700
Rob Salter Nil 20,000 30,000 40,000 80,000
Paul Ludlam Nil 16,875 25,312 33,750 67,500
No new shares will be issued to satisfy any of these awards.
The interest of each of the PDMR's in ordinary shares, share options and
conditional share awards of Woolworths Group plc, following the grant of these
awards, is:
Conditional Share
Shares Share options Awards
Joanne Huddart 41,209 297,686 389,639
Robin Mills 13,736 266,624 318,733
Jonathan Bloom 250 259,041 308,949
Philip Streatfield 64,577 282,474 343,355
Michael Thomas 61,986 231,260 273,151
Graham Barnetson NIL 242,878 257,534
Rob Salter NIL NIL 60,000
Paul Ludlam 13,736 118,957 92,323
The company was notified of the awards on 24 September 2007.
25 September 2007
Jonathan Bloom
Company Secretary
- ends -
For further information contact :-
Jonathan Bloom, Company Secretary, Woolworths Group plc: 020 7706 5033
Celia Gordon-Shute, Tulchan Communications: 020 7353 4200
This information is provided by RNS
The company news service from the London Stock Exchange
END
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