Director/PDMR Shareholding

RNS Number : 1189P

Frasers Group PLC

14 October 2021

 

14 October 2021

FRASERS GROUP PLC

("Frasers Group" or the "Group")

Director/PDMR Shareholding

On 14 October 2021 conditional share awards ("Awards") over ordinary shares of 10p each in Frasers Group ("Shares") were granted under the Frasers Executive Share Scheme ("Scheme") to the following director and person discharging managerial responsibilities:

Director/ PDMR	Position	Number of Shares subject to Award
Christopher Wootton	Chief Financial Officer	600,000

The Awards have been granted under the Scheme which aims to incentivise exceptional performance. In particular, the Awards will be subject to continued service and a share price target of £12. The target share price required for vesting is considered stretching (being £2 above the target of £10 for the employee Fearless 1000 plan that was launched in 2020) and will therefore reward sustained performance over the long-term.

In addition to the share price performance measure, the Awards are also subject to two underpins requiring: (i) satisfactory performance ratings for each participant; and (ii) anticipated delivery of our elevation strategy. The purpose of the underpins is to ensure that a minimum level of performance is achieved before an Award may vest (in addition to achievement of the share price performance target).

Further details, including a summary of the principal terms of the Scheme, are set out in the notice to the 2021 AGM.

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014 (as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018).

1	Details of the persons discharging managerial responsibilities  I  person closely  associated
a)	N a me	Christopher Wootton
2	Reason for the notification
a)	Position / st a tus	Chief Financial Officer
b)	Initial notification  /amendment	Initial notification
3	Details of the issuer, emission allowance market participant,  auction  platform, auctioneer or auction monitor
a)	Name	Frasers Group plc
b)	LEI	213800JEGHHEAXIJDX34
4	Details of the transaction(s):  section  to be repeated for  (i)  each type ofinstrument; (ii) each type of transaction;  (iii)  each date;  and  (iv) each place where transactions have been conducted
a)	Descriptionof the fina n cial instrume nt , type  of ins t rument	Ordinary shares of 10p each in Frasers Group
	Identificationcode	GB00B1QH8P22
b)	Nature of t h e transact i o n	Grant of an Award under the Frasers Executive Share Scheme.
c)	Price(s) a n d  vo l ume(s)	Price(s) Vo l umes 1.  Nil 600,000
d)	Aggregated information - Aggregated volume  - Price	-  600,000 -  Nil
e)	Date of the transaction	14 October 2021
f)	Place of the transaction	Outside a trading venue

Frasers Group plc

Tom Piper, Company Secretary  T. 0344 245 9200

LEI: 213800JEGHHEAXIJDX34  E. [e-mail]  

 

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