Employee Benefit Trust Purchase of Employee Shares

RNS Number : 1449H

Frasers Group PLC

01 December 2020

 

Date: 01 December 2020

FRASERS GROUP PLC

(the "Company")

PURCHASE BY THE FRASERS GROUP PLC EMPLOYEE BENEFIT TRUST OF EMPLOYEE SHARES

On 30 November 2020  a total of 15,563 ordinary shares of 10 pence each in the Company ("Shares") were acquired by two participants following the exercise of an award under the Company's share schemes. The 15,563 shares sold by the participants following exercise were acquired by Estera Trust (Jersey) Limited as Trustee of the Frasers Group plc Employee Benefit Trust (the "Trustee"), with the acquisition being funded by a loan advanced by the Company. The Shares were acquired at a price of 421.8 pence per Share (being an amount equal to the mid-market closing price of a Share on 30 November 2020) in an off-market transaction effected in Jersey. The Trustee has purchased these Shares in order to help meet future obligations arising under the Company's share schemes.

-Ends-

Frasers Group plc Tom Piper, Company Secretary LEI: 213800JEGHHEAXIJDX34

T. 0344 245 9200 E. [e-mail]

 

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