KINGFISHER PLC
(the 'Company')
Notification of Transactions by Director/Person Discharging Managerial Responsibility ('PDMR')
26 September 2024: Kingfisher plc announces the following transactions made by Thierry Garnier, Chief Executive Officer (a PDMR) on 25 and 26 September 2024.
On 25 September, Thierry exercised 1,447,573 nil-cost options over Ordinary Shares of 15 5/7p in the Company, granted to him in 2019 as Delivering Value Incentive (DVI) awards, under the Kingfisher Alignment Shares and Transformation Incentive Plan (KASTIP). A portion of the vested shares were then sold to satisfy tax and National Insurance liabilities.
As indicated in the Company's 2023/24 Annual Report released in April 2024 and, in accordance with the approved Directors' Remuneration Policy, on 26 September Thierry subsequently sold 50% of the resulting shares and retained the remaining 50%. Following the transaction, Thierry's shareholding as a percentage of salary is currently 333%.
More information is set out within the Directors' Remuneration Report of the Company's 2023/24 Annual Report, which is available from www.kingfisher.com
The PDMR notifications below, made in accordance with the requirements of the UK Market Abuse Regulation, provide further detail of the notifiable transactions.
Enquiries:
Chloe Barry
Group Company Secretary
Tel: +44(0) 7768 806248
Email: secretariat@kingfisher.com
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) b) | Natural person: Legal person | Thierry Garnier | |
| 2 | Reason for the notification | ||
| a) | Position/status: | Chief Executive Officer | |
| b) | Initial notification/amendment | Initial notification | |
| 3 | Details of the Issuer | ||
| a) | Name | Kingfisher plc | |
| b) | Legal Entity Identifier: | 213800KBMEV7I92FY281 | |
| 4 | Details of the transaction(s): Parts a-d of this section are 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 the financial instrument, type of instrument (Identification code) | Kingfisher Ordinary Shares of 15 5/7 pence each (ISIN: GB0033195214) | |
| b) | Nature of the transaction | i) An exercise of nil-cost options under the KASTIP. ii) Sale of shares to cover tax and NI.
| |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| i) Nil | 1,447,573 DVI Awards | ||
| ii) £3.259413 | 682,743 | ||
| d) | Aggregated information - Aggregated volume - Price
- Aggregated volume - Price
|
1,447,573 (exercise) Nil (exercise)
682,743 (sale of shares to cover tax and NI) £3.259413 (sale of shares to cover tax and NI)
| |
| e) | Date of the transaction (YYYY - MM - DD) | 2024-09-25 | |
| f) | Place of the transaction | XLON (London Stock Exchange) | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) b) | Natural person: Legal person | Thierry Garnier | |
| 2 | Reason for the notification | ||
| a) | Position/status: | Chief Executive Officer | |
| b) | Initial notification/amendment | Initial notification | |
| 3 | Details of the Issuer | ||
| a) | Name | Kingfisher plc | |
| b) | Legal Entity Identifier: | 213800KBMEV7I92FY281 | |
| 4 | Details of the transaction(s): Parts a-d of this section are 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 the financial instrument, type of instrument (Identification code) | Kingfisher Ordinary Shares of 15 5/7 pence each (ISIN: GB0033195214) | |
| b) | Nature of the transaction | Sale of shares. | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £3.235527 | 382,415 | ||
| d) | Aggregated information - Aggregated volume - Price |
382,415 £3.235527 | |
| e) | Date of the transaction (YYYY - MM - DD) | 2024-09-26 | |
| f) | Place of the transaction | XLON (London Stock Exchange) | |
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