Last checked at 6 Jul 2015 15:08
6 July 2015
Vodafone Group Plc ("the Company")
In accordance with Disclosure and Transparency Rule 3.1.4R(1), the Company gives notice of the following changes in share interests of directors, persons discharging managerial responsibilities ("PDMRs") of the Company and their connected persons:
Number of ordinary shares of US$0.2020/21 | |||
in the capital of Vodafone Group Plc | |||
A | B | C | |
Vesting of long term incentive awards(1) | No. of vested shares sold (2) | No. of shares transferred (3) | |
Nick Jeffery | 151,774 | 71,501 | 80,273 |
Serpil Timuray | 154,824 | 54,320 | 100,504 |
(1) These share awards which were granted on 3 July 2012 have vested. The awards were granted in accordance with the rules of the Vodafone Global Incentive Plan. 50% of the awards were based on continued employment over the vesting period and vested entirely. The remaining 50% of the awards were based on the adjusted free cash flow for the three year period ended on 31 March 2015 and following assessment of the performance and employment conditions, all of the shares comprised in this award lapsed.
(2) The figures in column B are the number of shares of those listed in column A that the Company has been advised by UBS Corporate Employee Financial Services International ("UBS CEFS") were sold on behalf of the PDMRs on 3 July 2015, inter alia, to satisfy the tax liabilities arising on the vesting of the awards. These share sales were made at 231.41 pence per share.
(3) The figures in column C are the number of shares that the Company has been advised by UBS CEFS were on 3 July 2015 transferred to the PDMRs in satisfaction of the vesting of the awards disclosed in column A, after deduction of shares sold as disclosed in column B.
As stated on page 85 of the Vodafone Group Plc Annual Report 2015 the GLTI awards made to PDMRs on 3 July 2012 lapsed on 3 July 2015.
The Company was notified of these changes on 6 July 2015.