Employee Benefit Trust Purchase of Employee Shares

RNS Number : 0015E

Frasers Group PLC

02 November 2020

 

Date: 02 November 2020

FRASERS GROUP PLC

(the "Company")

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

On 30 October 2020, a total of 1,088,429 ordinary shares of 10 pence each in the Company ("Shares") were acquired by 12 participants following the exercise of an award under the Company's share schemes. The 1,088,429 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 374.80 pence per Share (being an amount equal to the mid-market closing price of a Share on 30 October 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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