Director/PDMR Shareholding

RNS Number : 0719M

SuperGroup PLC

25 July 2017

 

SuperGroup Plc

("SuperGroup" or the "Company")

25 July 2017

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMR") and persons closely associated with them ("PCA")

SuperGroup Performance Share Plan ("PSP"): Grant of 2017 Conditional Share Awards

On 20 July 2017, the PDMRs named below were granted conditional share awards over Ordinary Shares under the terms of the SuperGroup 2017 Performance Share Plan ("PSP"). Details of the number of Ordinary Shares subject to such awards are set out in the table immediately below.

Name / Position of PDMR	Number of Ordinary Shares subject to award
Hugo Adams - Group Marketing, Ecommerce and Business Development Director	19,737
Simon Callander - Group General Counsel and Company Secretary	15,680
Andrea Cartwright - Group HR Director	13,884
Paula Kerrigan - Transformation Director	17,014
Euan Sutherland - Chief Executive Officer	95,282
Nick Tatum - Global Retail Director	18,375
Nick Wharton - Chief Financial Officer	27,768
Jon Wragg - Global Trading Director	20,017

The above awards were notified to the Company by each PDMR referred to above on 24 July 2017.

No consideration was paid for the grant of these awards which are structured as conditional awards.

The vesting of an award is subject to the satisfaction of the following performance conditions, measured over a performance period of three financial years of the Company ending with the 2019/2020 financial year:

1.           70% of the award is based on the compound annual growth rate ("CAGR") in the Company's earnings per share ("EPS") measured over the performance period.

·               25% of the EPS-related part of the award will vest if the CAGR in the EPS is 8%, increasing on a straight-line basis to 50% vesting if the CAGR in the EPS is 10% and increasing on a straight-line basis to 100% vesting if the CAGR in the EPS is 12% or more.

2.           30% of the award is based on comparing the Company's total shareholder return ("TSR") measured over the performance period against the TSR over the performance period of each company in a bespoke group of companies selected from appropriate subsectors of the FTSE All Share Index ("Comparator Group").

·               25% of the TSR-related part of the award will vest if the Company's TSR is ranked at the median of the companies in the Comparator Group by reference to their TSR, increasing on a straight-line basis to 100% vesting if the Company's TSR is ranked at the upper quartile of the companies in the Comparator Group by reference to their TSR or higher than such upper quartile.

Performance against each target is assessed independently. The award will normally vest on the later of the third anniversary of grant and the determination of the performance conditions.  The awards are subject to the rules of the Plan and in particular the malus and clawback provisions set out therein.

This announcement, including the notifications below, is made in accordance with the requirements of the EU Market Abuse Regulation.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	1.   Hugo Adams 2.   Simon Callander 3.   Andrea Cartwright 4.   Paula Kerrigan 5.   Euan Sutherland 6.   Nick Tatum 7.   Nick Wharton 8.   Jon Wragg
2	Reason for the notification
a)	Position/status	1.   Group Marketing, Ecommerce and Business Development Director/PDMR 2.   Group General Counsel and Company Secretary/PDMR 3.   Group HR Director/PDMR 4.   Transformation Director/PDMR 5.   Chief Executive Officer/PDMR 6.   Global Retail Director/PDMR 7.   Chief Financial Officer/PDMR 8.   Global Trading Director/PDMR
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	SuperGroup Plc
b)	LEI	213800GAQMT2WL7BW361
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 Identification code	Ordinary shares of 5 pence each ISIN: GB00B60BD277
b)	Nature of the transaction	Grant of conditional share awards under the SuperGroup 2017 Performance Share Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) 1.   £14.987 2.   £14.987 3.   £14.987 4.   £14.987 5.   £14.987 6.   £14.987 7.   £14.987 8.   £14.987 19,737 15,680 13,884 17,014 95,282 18,375 27,768 20,017
d)	Aggregated information	Price(s) Aggregated Volume(s) 1.   £295,798.42 2.   £234,996.16 3.   £208,079.51 4.   £254,988.82 5.   £1,427,991.33 6.   £275,386.13 7.   £416,159.02 8.   £299,994.78 19,737 15,680 13,884 17,014 95,282 18,375 27,768 20,017
e)	Date of the transaction	20 July 2017
f)	Place of the transaction	London Stock Exchange (XLON)

Enquiries:
SuperGroup Plc
Vanessa Lewis Camacho Deputy Company Secretary	[phone]

 

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