Director/PDMR Shareholding

RNS Number : 3934V

Brown (N.) Group PLC

09 August 2022

 

09 August 2022

N BROWN GROUP PLC - GRANT OF NIL COST OPTIONS

N Brown Group plc announces that on 08 August 2022 nil cost options were granted to its Chief Executive Officer, Steve Johnson, over 2,613,625 shares and its Chief Financial Officer, Rachel Izzard, over 1,793,664 shares ("Awards") under the terms of the N Brown Group plc 2014 Long-Term Incentive Plan.

The number of shares placed under Award was based on the closing mid-market price for the preceding day which was 25.50 pence.

The performance conditions and targets for the 2022 Awards are as follows:

	Percentage of each part of the award that will vest	Adjusted EPS as at the end of FY25
Below threshold	0%	Less than 6.6 pence
Threshold*	25%	6.6 pence
Maximum*	100%	9.5 pence and above

*For performance that is between the threshold and maximum levels, awards vest on a straight-line basis

The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Stephen Johnson
2	Reason for the notification
a)	Position/status	CEO, N Brown Group Plc
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	N Brown Group Plc
b)	LEI	213800QFPJQF2NUVAP09
4	Details of the transaction(s): section 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	Nil cost options over Ordinary shares of 11 1/19 pence
	Identification code	GB00B1P6ZR11
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil cost options	2,613,625
d)	Aggregated information
	- Aggregated volume	N/A- single transaction
	- Price
e)	Date of the transaction	08 August 2022
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Rachel Izzard
2	Reason for the notification
a)	Position/status	CFO, N Brown Group Plc
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	N Brown Group Plc
b)	LEI	213800QFPJQF2NUVAP09
4	Details of the transaction(s): section 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	Nil cost options over Ordinary shares of 11 1/19 pence
	Identification code	GB00B1P6ZR11
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil cost options	1,793,664
d)	Aggregated information
	- Aggregated volume	N/A- single transaction
	- Price
e)	Date of the transaction	08 August 2022
f)	Place of the transaction	Outside a trading venue

For further information:

Michael Mustard

General Counsel and Company Secretary, N Brown Group plc

[phone]

Shore Capital - Nomad and Broker

Stephane Auton / Daniel Bush / John More

[phone]

 

END

 

 

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