TIDMKGF

RNS Number : 4715Q

Kingfisher PLC

28 June 2022

KINGFISHER PLC

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility ('PDMRs')

Kingfisher plc (the 'Company') announces that, on 24 June 2022, awards were granted to PDMRs to acquire ordinary shares of 15 5/7 pence each in the Company (the 'Shares') under the Kingfisher Performance Share Plan (the 'KPSP') and the PSP French Free Share Sub Plan (the 'PSP French Sub Plan').

The price per share used to calculate the number of Shares over which the awards have been granted is 241.03 pence (being the average of the closing price of the Shares on the main market of the London Stock Exchange between 21 June 2022 and 23 June 2022), in accordance with the rules of the KPSP.

These awards were made in accordance with the Directors' Remuneration Policy and Kingfisher Performance Share Plan Rules approved by shareholders at the Company's Annual General Meeting on 22 June 2022. Following these grants, Thierry and Bernard hold the following interests in the Company's issued share capital:

 
 Name               Position           Total number of      Total number 
                                        Shares over which    of Shares 
                                        nil-cost options 
                                        held(1) 
                    Chief Executive 
 Thierry Garnier     Officer           4,793,814            100,000 
                   -----------------  -------------------  ------------- 
                    Chief Financial 
 Bernard Bot         Officer           2,751,353            80,000 
                   -----------------  -------------------  ------------- 
 

(1) Dividend equivalents are payable in respect of the shares that vest.

The notifications for each PDMR below, which were made in accordance with the requirements of the UK Market Abuse Regulations, provide further detail of the awards granted to each PDMR.

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)     Natural person:                     Thierry Garnier 
  b)     Legal person 
       ----------------------------------  ----------------------------------------- 
 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                  Kingfisher Ordinary Shares of 15 5/7 
         financial instrument,               pence each 
         type of instrument 
         (Identification code)               (ISIN: GB0033195214) 
       ----------------------------------  ----------------------------------------- 
 b)     Nature of the transaction           Award of nil-cost options to acquire 
                                             shares under the KPSP subject to the 
                                             conditions set out in Note 1. 
       ----------------------------------  ----------------------------------------- 
 c)     Price(s) and volume(s)              Price(s)                     Volume(s) 
       ----------------------------------  -----------  ---------------------------- 
   Nil                                                             958,944 
  ----------------------------------------------------  ---------------------------- 
 d)     Aggregated information 
         - Aggregated volume                        *    958,944 
         - Price 
 
                                                    *    Nil 
       ----------------------------------  ----------------------------------------- 
 e)     Date of the transaction             2022-06-24 
         (YYYY - MM - DD) 
       ----------------------------------  ----------------------------------------- 
 f)     Place of the transaction            Outside a trading venue 
       ----------------------------------  ----------------------------------------- 
 
 
 1      Details of the person discharging managerial responsibilities/person 
         closely associated 
 a)     Natural person:                     Bernard Bot 
  b)     Legal person 
       ----------------------------------  ----------------------------------------- 
 2      Reason for the notification 
       ----------------------------------------------------------------------------- 
 a)     Position/status:                    Chief Financial 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                  Kingfisher Ordinary Shares of 15 5/7 
         financial instrument,               pence each 
         type of instrument 
         (Identification code)               (ISIN: GB0033195214) 
       ----------------------------------  ----------------------------------------- 
 b)     Nature of the transaction           Award of nil-cost options to acquire 
                                             shares under the KPSP subject to the 
                                             conditions set out in Note 1. 
       ----------------------------------  ----------------------------------------- 
 c)     Price(s) and volume(s)              Price(s)                     Volume(s) 
       ----------------------------------  -----------  ---------------------------- 
   Nil                                                             640,309 
  ----------------------------------------------------  ---------------------------- 
 d)     Aggregated information 
         - Aggregated volume                        *    640,309 
         - Price 
 
                                                    *    Nil 
       ----------------------------------  ----------------------------------------- 
 e)     Date of the transaction             2022-06-24 
         (YYYY - MM - DD) 
       ----------------------------------  ----------------------------------------- 
 f)     Place of the transaction            Outside a trading venue 
       ----------------------------------  ----------------------------------------- 
 
 
 1      Details of the person discharging managerial responsibilities/person 
         closely associated 
 a)     Natural person:                     Adela Smeu 
  b)     Legal person 
       ----------------------------------  ----------------------------------------- 
 2      Reason for the notification 
       ----------------------------------------------------------------------------- 
 a)     Position/status:                    CEO Romania 
       ----------------------------------  ----------------------------------------- 
 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                  Kingfisher Ordinary Shares of 15 5/7 
         financial instrument,               pence each 
         type of instrument 
         (Identification code)               (ISIN: GB0033195214) 
       ----------------------------------  ----------------------------------------- 
 b)     Nature of the transaction           Award of nil-cost options to acquire 
                                             shares under the KPSP subject to the 
                                             conditions set out in Note 1. 
       ----------------------------------  ----------------------------------------- 
 c)     Price(s) and volume(s)              Price(s)                     Volume(s) 
       ----------------------------------  -----------  ---------------------------- 
   Nil                                                             165,360 
  ----------------------------------------------------  ---------------------------- 
 d)     Aggregated information 
         - Aggregated volume                        *    165,360 
         - Price 
 
                                                    *    Nil 
       ----------------------------------  ----------------------------------------- 
 e)     Date of the transaction             2022-06-24 
         (YYYY - MM - DD) 
       ----------------------------------  ----------------------------------------- 
 f)     Place of the transaction            Outside a trading venue 
       ----------------------------------  ----------------------------------------- 
 
 
 1      Details of the person discharging managerial responsibilities/person 
         closely associated 
 a)     Natural person:                     Elizabeth Messud 
  b)     Legal person 
       ----------------------------------  ----------------------------------------- 
 2      Reason for the notification 
       ----------------------------------------------------------------------------- 
 a)     Position/status:                    General Counsel 
       ----------------------------------  ----------------------------------------- 
 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                  Kingfisher Ordinary Shares of 15 5/7 
         financial instrument,               pence each 
         type of instrument 
         (Identification code)               (ISIN: GB0033195214) 
       ----------------------------------  ----------------------------------------- 
 b)     Nature of the transaction           Award of nil-cost options to acquire 
                                             shares under the KPSP subject to the 
                                             conditions set out in Note 1. 
       ----------------------------------  ----------------------------------------- 
 c)     Price(s) and volume(s)              Price(s)                     Volume(s) 
       ----------------------------------  -----------  ---------------------------- 
   Nil                                                   248,305 
  ----------------------------------------------------  ---------------------------- 
 d)     Aggregated information 
         - Aggregated volume                        *    248,305 
         - Price 
 
                                                    *    Nil 
       ----------------------------------  ----------------------------------------- 
 e)     Date of the transaction             2022-06-24 
         (YYYY - MM - DD) 
       ----------------------------------  ----------------------------------------- 
 f)     Place of the transaction            Outside a trading venue 
       ----------------------------------  ----------------------------------------- 
 
 
 1      Details of the person discharging managerial responsibilities/person 
         closely associated 
 a)     Natural person:                     Graham Bell 
  b)     Legal person 
       ----------------------------------  ----------------------------------------- 
 2      Reason for the notification 
       ----------------------------------------------------------------------------- 
 a)     Position/status:                    CEO B&Q UK and Ireland 
       ----------------------------------  ----------------------------------------- 
 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                  Kingfisher Ordinary Shares of 15 5/7 
         financial instrument,               pence each 
         type of instrument 
         (Identification code)               (ISIN: GB0033195214) 
       ----------------------------------  ----------------------------------------- 
 b)     Nature of the transaction           Award of nil-cost options to acquire 
                                             shares under the KPSP subject to the 
                                             conditions set out in Note 1. 
       ----------------------------------  ----------------------------------------- 
 c)     Price(s) and volume(s)              Price(s)                     Volume(s) 
       ----------------------------------  -----------  ---------------------------- 
   Nil                                                             365,924 
  ----------------------------------------------------  ---------------------------- 
 d)     Aggregated information 
         - Aggregated volume                        *    365,924 
         - Price 
 
                                                    *    Nil 
       ----------------------------------  ----------------------------------------- 
 e)     Date of the transaction             2022-06-24 
         (YYYY - MM - DD) 
       ----------------------------------  ----------------------------------------- 
 f)     Place of the transaction            Outside a trading venue 
       ----------------------------------  ----------------------------------------- 
 
 
 1      Details of the person discharging managerial responsibilities/person 
         closely associated 
 a)     Natural person:                     Henri Solère 
  b)     Legal person 
       ----------------------------------  ----------------------------------------- 
 2      Reason for the notification 
       ----------------------------------------------------------------------------- 
 a)     Position/status:                    Chief Offer and Sourcing 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                  Kingfisher Ordinary Shares of 15 5/7 
         financial instrument,               pence each 
         type of instrument 
         (Identification code)               (ISIN: GB0033195214) 
       ----------------------------------  ----------------------------------------- 
 b)     Nature of the transaction           Award of nil-cost options to acquire 
                                             shares under the KPSP subject to the 
                                             conditions set out in Note 1. 
       ----------------------------------  ----------------------------------------- 
 c)     Price(s) and volume(s)              Price(s)                     Volume(s) 
       ----------------------------------  -----------  ---------------------------- 
   Nil                                                             303,630 
  ----------------------------------------------------  ---------------------------- 
 d)     Aggregated information 
         - Aggregated volume                        *    303,630 
         - Price 
 
                                                    *    Nil 
       ----------------------------------  ----------------------------------------- 
 e)     Date of the transaction             2022-06-24 
         (YYYY - MM - DD) 
       ----------------------------------  ----------------------------------------- 
 f)     Place of the transaction            Outside a trading venue 
       ----------------------------------  ----------------------------------------- 
 
 
 1      Details of the person discharging managerial responsibilities/person 
         closely associated 
 a)     Natural person:                     Jean-Jacques Van Oosten 
  b)     Legal person 
       ----------------------------------  ----------------------------------------- 
 2      Reason for the notification 
       ----------------------------------------------------------------------------- 
 a)     Position/status:                    Chief Digital and Technology 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                  Kingfisher Ordinary Shares of 15 5/7 
         financial instrument,               pence each 
         type of instrument 
         (Identification code)               (ISIN: GB0033195214) 
       ----------------------------------  ----------------------------------------- 
 b)     Nature of the transaction           Award of nil-cost options to acquire 
                                             shares under the KPSP subject to the 
                                             conditions set out in Appendix B. 
       ----------------------------------  ----------------------------------------- 
 c)     Price(s) and volume(s)              Price(s)                     Volume(s) 
       ----------------------------------  -----------  ---------------------------- 
   Nil                                                             485,285 
  ----------------------------------------------------  ---------------------------- 
 d)     Aggregated information 
         - Aggregated volume                        *    485,285 
         - Price 
 
                                                    *    Nil 
       ----------------------------------  ----------------------------------------- 
 e)     Date of the transaction             2022-06-24 
         (YYYY - MM - DD) 
       ----------------------------------  ----------------------------------------- 
 f)     Place of the transaction            Outside a trading venue 
       ----------------------------------  ----------------------------------------- 
 
 
 1      Details of the person discharging managerial responsibilities/person 
         closely associated 
 a)     Natural person:                     John Mewett 
  b)     Legal person 
       ----------------------------------  ----------------------------------------- 
 2      Reason for the notification 
       ----------------------------------------------------------------------------- 
 a)     Position/status:                    CEO Screwfix 
       ----------------------------------  ----------------------------------------- 
 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                  Kingfisher Ordinary Shares of 15 5/7 
         financial instrument,               pence each 
         type of instrument 
         (Identification code)               (ISIN: GB0033195214) 
       ----------------------------------  ----------------------------------------- 
 b)     Nature of the transaction           Award of nil-cost options to acquire 
                                             shares under the KPSP subject to the 
                                             conditions set out in Note 1. 
       ----------------------------------  ----------------------------------------- 
 c)     Price(s) and volume(s)              Price(s)                     Volume(s) 
       ----------------------------------  -----------  ---------------------------- 
   Nil                                                             339,787 
  ----------------------------------------------------  ---------------------------- 
 d)     Aggregated information 
         - Aggregated volume                        *    339,787 
         - Price 
 
                                                    *    Nil 
       ----------------------------------  ----------------------------------------- 
 e)     Date of the transaction             2022-06-24 
         (YYYY - MM - DD) 
       ----------------------------------  ----------------------------------------- 
 f)     Place of the transaction            Outside a trading venue 
       ----------------------------------  ----------------------------------------- 
 
 
 1      Details of the person discharging managerial responsibilities/person 
         closely associated 
 a)     Natural person:                     Kate Seljeflot 
  b)     Legal person 
       ----------------------------------  ----------------------------------------- 
 2      Reason for the notification 
       ----------------------------------------------------------------------------- 
 a)     Position/status:                    Chief People 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                  Kingfisher Ordinary Shares of 15 5/7 
         financial instrument,               pence each 
         type of instrument 
         (Identification code)               (ISIN: GB0033195214) 
       ----------------------------------  ----------------------------------------- 
 b)     Nature of the transaction           Award of nil-cost options to acquire 
                                             shares under the KPSP subject to the 
                                             conditions set out in Note 1. 
       ----------------------------------  ----------------------------------------- 
 c)     Price(s) and volume(s)              Price(s)                     Volume(s) 
       ----------------------------------  -----------  ---------------------------- 
   Nil                                                             306,679 
  ----------------------------------------------------  ---------------------------- 
 d)     Aggregated information 
         - Aggregated volume                        *    306,679 
         - Price 
 
                                                    *    Nil 
       ----------------------------------  ----------------------------------------- 
 e)     Date of the transaction             2022-06-24 
         (YYYY - MM - DD) 
       ----------------------------------  ----------------------------------------- 
 f)     Place of the transaction            Outside a trading venue 
       ----------------------------------  ----------------------------------------- 
 
 
 1      Details of the person discharging managerial responsibilities/person 
         closely associated 
 a)     Natural person:                     Sebastien Krysiak 
  b)     Legal person 
       ----------------------------------  ----------------------------------------- 
 2      Reason for the notification 
       ----------------------------------------------------------------------------- 
 a)     Position/status:                    Chief Commercial 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                  Kingfisher Ordinary Shares of 15 5/7 
         financial instrument,               pence each 
         type of instrument 
         (Identification code)               (ISIN: GB0033195214) 
       ----------------------------------  ----------------------------------------- 
 b)     Nature of the transaction           Award of nil-cost options to acquire 
                                             shares under the KPSP subject to the 
                                             conditions set out in Note 1. 
       ----------------------------------  ----------------------------------------- 
 c)     Price(s) and volume(s)              Price(s)                     Volume(s) 
       ----------------------------------  -----------  ---------------------------- 
   Nil                                                             304,937 
  ----------------------------------------------------  ---------------------------- 
 d)     Aggregated information 
         - Aggregated volume                        *    304,937 
         - Price 
 
                                                    *    Nil 
       ----------------------------------  ----------------------------------------- 
 e)     Date of the transaction             2022-06-24 
         (YYYY - MM - DD) 
       ----------------------------------  ----------------------------------------- 
 f)     Place of the transaction            Outside a trading venue 
       ----------------------------------  ----------------------------------------- 
 
 
 1      Details of the person discharging managerial responsibilities/person 
         closely associated 
 a)     Natural person:                     Alain Rabec 
  b)     Legal person 
       ----------------------------------  ------------------------------------------ 
 2      Reason for the notification 
       ------------------------------------------------------------------------------ 
 a)     Position/status:                    CEO France 
       ----------------------------------  ------------------------------------------ 
 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                  Kingfisher Ordinary Shares of 15 5/7 
         financial instrument,               pence each 
         type of instrument 
         (Identification code)               (ISIN: GB0033195214) 
       ----------------------------------  ------------------------------------------ 
 b)     Nature of the transaction           Conditional Award to acquire shares 
                                             under the PSP French Sub Plan subject 
                                             to the conditions set out in Note 1. 
       ----------------------------------  ------------------------------------------ 
 c)     Price(s) and volume(s)              Price(s)                     Volume(s) 
       ----------------------------------  -----------  ----------------------------- 
   N/A                                                             341,776 
  ----------------------------------------------------  ----------------------------- 
 d)     Aggregated information 
         - Aggregated volume                        *    341,776 
         - Price 
 
                                                    *    N/A 
       ----------------------------------  ------------------------------------------ 
 e)     Date of the transaction             2022-06-24 
         (YYYY - MM - DD) 
       ----------------------------------  ------------------------------------------ 
 f)     Place of the transaction            Outside a trading venue 
       ----------------------------------  ------------------------------------------ 
 
 
 1      Details of the person discharging managerial responsibilities/person 
         closely associated 
 a)     Natural person:                     Pascal Gil 
  b)     Legal person 
       ----------------------------------  ------------------------------------------ 
 2      Reason for the notification 
       ------------------------------------------------------------------------------ 
 a)     Position/status:                    CEO Castorama Poland 
       ----------------------------------  ------------------------------------------ 
 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                  Kingfisher Ordinary Shares of 15 5/7 
         financial instrument,               pence each 
         type of instrument 
         (Identification code)               (ISIN: GB0033195214) 
       ----------------------------------  ------------------------------------------ 
 b)     Nature of the transaction           Conditional Award to acquire shares 
                                             under the PSP French Sub Plan subject 
                                             to the conditions set out in Note 1. 
       ----------------------------------  ------------------------------------------ 
 c)     Price(s) and volume(s)              Price(s)                     Volume(s) 
       ----------------------------------  -----------  ----------------------------- 
   N/A                                                             254,554 
  ----------------------------------------------------  ----------------------------- 
 d)     Aggregated information 
         - Aggregated volume                        *    254,554 
         - Price 
 
                                                    *    N/A 
       ----------------------------------  ------------------------------------------ 
 e)     Date of the transaction             2022-06-24 
         (YYYY - MM - DD) 
       ----------------------------------  ------------------------------------------ 
 f)     Place of the transaction            Outside a trading venue 
       ----------------------------------  ------------------------------------------ 
 

Note 1

The awards granted to the PDMRs on 24 June 2022 are subject to continued employment and the achievement of performance conditions which are measured over the performance period of 1 February 2022 to 31 January 2025. The vesting date is 3 years after the grant date.

The performance conditions which apply to these Awards are EPS, ROCE, Kingfisher's Total Shareholder Return relative to a comparator group ('Relative TSR') and a basket of ESG measures.

The targets and associated weightings attached to these conditions are as follows:

 
                    2024/25            2024/25            Relative            Basket of 
                     EPS                ROCE               TSR                 ESG conditions 
 Target              (25% weighting)    (25% weighting)    (25% weighting)     (25% weighting) 
                                                                              See table 
 Threshold                                                                     below for 
  (25% Vesting)     36.5p              12.85%             50(th) percentile    detail 
                   -----------------  -----------------  ------------------  ----------------- 
 Stretch 
  (100% Vesting)    47.5p              16.30%             75(th) percentile 
                   -----------------  -----------------  ------------------  ----------------- 
 
 
                                         Forest Positive 
                    Climate change        % of wood and 
                     Reduction in         paper responsibly     Gender Diversity 
                     Scope 1 and 2        sourced as a           % of women in 
                     emissions            % of SKUs purchased    senior leadership 
 Target              (8.33% weighting)    (8.33% weighting)      (8.33% weighting) 
 Threshold 
  (25% Vesting)     31.0%                95.0%                  30% 
                   -------------------  ---------------------  ------------------- 
 Target 
  (50% Vesting)     34.0%                98.0%                  33% 
                   -------------------  ---------------------  ------------------- 
 Stretch 
  (100% Vesting)    37.8%                99.5%                  35% 
                   -------------------  ---------------------  ------------------- 
 

The definitions used for EPS and ROCE are as per our 2021/22 Annual Report.

The Comparator Group used for the relative TSR condition is the combined constituents of the FTSE 350 Retailers, FTSE 350 Drug and Grocery Stores as well as the STOXX 600 Drug and Grocery Stores, as of 1 February 2022.

For the basket of ESG conditions, the following definitions apply:

-- Climate Change is the reduction in Scope 1 and Scope 2 carbon emissions in FY2024/25 from a FY2016/17 baseline.

-- Forest Positive is the percentage of wood and paper responsibly sourced as a % of Stock Keeping Units ('SKUs') purchased in FY2024/25.

-- Gender Diversity is the percentage of women in senior leadership roles at the end of FY2024/25 (on 31 January 2025).

For the EPS, ROCE and Relative TSR performance conditions, the award vests on a straight-line basis between threshold and stretch. For the ESG performance conditions, the award vests on a straight-line basis between threshold and target and between target and stretch. For all performance conditions, the award does not vest for performance below threshold for that performance condition. Each performance condition is measured independently.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHFPMMTMTTTBFT

(END) Dow Jones Newswires

June 28, 2022 07:00 ET (11:00 GMT)

Grafico Azioni Kingfisher (LSE:KGF)
Storico
Da Feb 2024 a Mar 2024 Clicca qui per i Grafici di Kingfisher
Grafico Azioni Kingfisher (LSE:KGF)
Storico
Da Mar 2023 a Mar 2024 Clicca qui per i Grafici di Kingfisher