Grant of Nil Cost Options

Brown (N.) Group PLC

07 August 2023

 

7 August 2023

N BROWN GROUP PLC - GRANT OF NIL COST OPTIONS

N Brown Group Plc ("N Brown" or the "Company"), a top 10 UK clothing & footwear digital retailer, announces that on 7 August 2023 nil cost options were granted to its Chief Executive Officer, Steve Johnson, over 1,521,300 shares and its Chief Financial Officer, Dominic Appleton, over 951,087 shares ("Awards") under the terms of the N Brown Group plc Share Plan 2023.

The number of shares placed under Award was based on the closing mid-market price for the preceding day which was 23.00 pence.

The Awards shall vest on the third anniversary of grant subject to a continued service with a two-year holding period thereafter, and are subject to a performance underpin prior to vesting.

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	1,521,300
d)	Aggregated information
	- Aggregated volume	N/A- single transaction
	- Price
e)	Date of the transaction	7 August 2023
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Dominic Appleton
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	951,087
d)	Aggregated information
	- Aggregated volume	N/A- single transaction
	- Price
e)	Date of the transaction	07 August 2023
f)	Place of the transaction	Outside a trading venue

For further information:

N Brown Group
David Fletcher, Head of Investor Relations	[phone]
MHP
James McFarlane/ Eleni Menikou / Charles Hirst	[phone] [e-mail]
Shore Capital - Nomad and Broker
Stephane Auton / Daniel Bush / Rachel Goldstein	[phone]

 About N Brown Group:

N Brown is a top 10 UK clothing & footwear digital retailer headquartered in Manchester and employing over 1,700 people nationwide.  Through our strategic retail brands including JD Williams, Simply Be and Jacamo, we take pride in championing inclusivity. Our customer-first shopping experience, supported by our innovative financial services proposition, is designed to deliver choice, affordability, and value to our customers.

 

END