Director/PDMR Shareholding

RNS Number : 7939H

Brown (N.) Group PLC

26 February 2010

 



For immediate release 26 February 2010

N BROWN GROUP PLC

(the "Company")

Notification of interests of Directors and Persons Discharging Managerial Responsibility ("PDMR")

On 25 February 2010 the Directors below exchanged their awards of nil cost options over Ordinary Shares in N Brown Group PLC set out in the tables below for an equivalent number of Forfeitable Shares under the Company's Long Term Incentive Share Plan ("LTIP") and the Company's Deferred Annual Bonus Scheme ("DABS"). These shares will be held by the N Brown Group Employee Trustees on behalf of the Directors.

LTIP

PDMR	Date of Grant		Number of Shares		Vesting Date
Alan White	18 June 2007		150,560 2,180		18 June 2010 16 July 2010
Dean Moore	18 June 2007		57,664		18 June 2010

DABS

PDMR	Date of Grant	Number of Shares	Vesting Date
Alan White	29 May 2008	49,353	29 May 2010
Dean Moore	29 May 2008	26,058	29 May 2010

In addition, on 25 February 2010 and subsequent to the grant made under the rules of the Value Creation Plan ("VCP") on 26 February 2009, the Directors below exchanged their awards of Ordinary Shares in the Company set out in the table below for an equivalent number of contingent share awards under the Company's VCP.

VCP

PDMR	Date of Grant	Number of awards
Alan White	26 February 2009	1,200,000
Dean Moore	26 February 2009	500,000

The contingent share awards granted under the VCP will vest as to one-third on 26 February 2012, 26 February 2013 and 26 February 2014 (being the third, fourth and fifth anniversaries of the grant date), to the extent that certain demanding corporate performance targets set by the Remuneration Committee of the Company and based on absolute total shareholder return (measured to the end of February 2012) and cumulative earnings per share (measured over a four-year performance period that commenced on 1 March 2008) have been satisfied.

In each case, the forfeitable share awards and contingent share awards will not be aggregated with existing shareholdings of the above-mentioned Directors unless and until the awards vests.

The notification of these awards is intended to satisfy the Company's obligations under Disclosure and Transparency Rule 3.1.4(1).

P.F. Harland

Company Secretary

N Brown Group plc.

 

END

 

 

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