Director/PDMR Shareholding

RNS Number : 6722G

Brown (N.) Group PLC

16 November 2022

 

N Brown Group plc

(the "Company")

Director/PDMR and PCA shareholding notification

The Company has been notified of a number of transactions which took place on 11 November 2022 whereby:

1)  security previously granted to the Royal Bank of Scotland over 21,242,145 ordinary shares in the capital of the Company, which are owned by Lord David Alliance of Manchester CBE ("Lord Alliance"), has been released.  (See Table 1 below).

2)  security previously granted to the Royal Bank of Scotland over 468,210 ordinary shares in the capital of the Company, which are owned by The Anglo-Eastern Trust Limited (a person closely associated ("PCA") with Lord Alliance), has been released. (See Table 2 below).

3)  security previously granted to the Royal Bank of Scotland over 6,169,889 ordinary shares in the capital of the Company, which are owned by Northern Counties Securities Limited  (a PCA with Lord Alliance), has been released. (See Table 3 below).

4)  security previously granted to the Royal Bank of Scotland over 1,275,714 ordinary shares in the capital of the Company, which are owned by the Alliance Family Foundation Limited (a PCA with Lord Alliance), has been released. (See Table 4 below).

Taken together, these transactions result in a reduction of the number of ordinary shares pledged to banks within Lord Alliance's direct and indirect interests from 6.33% to 0.00% of the capital of the Company.

These transactions do not result in a change to the total direct and indirect interests of Lord Alliance in the voting rights and issued share capital of the Company.

This announcement is made in accordance with the UK Market Abuse Regulation.

Table 1

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Lord David Alliance of Manchester CBE
2	Reason for the notification
a)	Position/status	Non-Executive Director, 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	Ordinary shares
	Identification code	GB00B1P6ZR11
b)	Nature of the transaction	Release of pledge over ordinary shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£0.00	21,242,145
d)	Aggregated information
	- Aggregated volume	21,242,145
	- Price	£0.00
e)	Date of the transaction	11 November 2022
f)	Place of the transaction	Outside a trading venue

Table 2

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	The Anglo-Eastern Trust
2	Reason for the notification
a)	Position/status	Person Closely Associated With Lord David Alliance of Manchester CBE
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	Ordinary shares
	Identification code	GB00B1P6ZR11
b)	Nature of the transaction	Transfer of ordinary shares pursuant to the release of a pledge
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£0.00	468,210
d)	Aggregated information
	- Aggregated volume	468,210
	- Price	£0.00
e)	Date of the transaction	11 November 2022
f)	Place of the transaction	Outside a trading venue

Table 3

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Northern Counties Securities Limited
2	Reason for the notification
a)	Position/status	Person Closely Associated With Lord David Alliance of Manchester CBE
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	Ordinary shares
	Identification code	GB00B1P6ZR11
b)	Nature of the transaction	Transfer of ordinary shares pursuant to the release of a pledge
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£0.00	6,169,889
d)	Aggregated information
	- Aggregated volume	6,169,889
	- Price	£0.00
e)	Date of the transaction	11 November 2022
f)	Place of the transaction	Outside a trading venue

Table 4

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Alliance Family Foundation Limited
2	Reason for the notification
a)	Position/status	Person Closely Associated With Lord David Alliance of Manchester CBE
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	Ordinary shares
	Identification code	GB00B1P6ZR11
b)	Nature of the transaction	Transfer of ordinary shares pursuant to the release of a pledge
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£0.00	1,275,714
d)	Aggregated information
	- Aggregated volume	1,275,714
	- Price	£0.00
e)	Date of the transaction	11 November 2022
f)	Place of the transaction	Outside a trading venue

For enquiries, please contact:

Christian Wells

Company Secretary and General Counsel, N Brown Group Plc

Tel: [phone]

Registered office:

Griffin House

40 Lever Street

Manchester

M60 6ES

Shore Capital - Nominated Adviser and Broker

Stephane Auton / Daniel Bush / John More

[phone]

 

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