Director/PDMR Shareholding

RNS Number : 9173Z

Watches of Switzerland Group PLC

23 September 2020

 

Watches of Switzerland Group PLC

Notification of transactions by Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them

Watches of Switzerland Group PLC (the "Company") announces the following persons discharging managerial responsibility were granted awards under the Watches of Switzerland Group PLC 2019 Long Term Incentive Plan. The awards were granted in the form of nil cost options over ordinary shares of the Company.  

80% of the award vests by reference to a three-year cumulative EPS (pre-exceptionals and pre IFRS 16 adjustment)  performance measure with 16% of the award vesting at a cumulative EPS of 63.18p, 40% of the award vesting at a cumulative EPS of 66.5p and 80% of the award vesting at a cumulative EPS of 69.83p. Options vest on a straight line basis between those targets.

 20% of the award vests by reference to a three year average ROCE performance measure with 4%  of the award vesting at an average ROCE of 15.5%, 10% of the award vesting at an average ROCE of 16% and 20% of the award vesting at an average ROCE of 16.5%. Options vest on a straight-line basis between those targets. ROCE is defined in the glossary of the Annual Report and Accounts which was published on 15^th September 2020.  

For enquiries, contact:

Paul Eardley

Company Secretary

[phone]

 

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Brian Duffy
2	Reason for the notification
a)	Position/status	Executive 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	Watches of Switzerland Group PLC
b)	LEI	2138008ZOT5K9PJW7168
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 £0.0125 ISIN: GB00BJDQQ870
b)	Nature of the transaction	Grant of nil cost options under the Watches of Switzerland Group PLC 2019 Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil cost 312,500
d)	Aggregated information - Aggregated volume - Price	N/A N/A
e)	Date of the transaction	23rd September 2020
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Anders Romberg
2	Reason for the notification
a)	Position/status	Executive 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	Watches of Switzerland Group PLC
b)	LEI	2138008ZOT5K9PJW7168
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 £0.0125  ISIN: GB00BJDQQ870
b)	Nature of the transaction	Grant of nil cost options under the Watches of Switzerland Group PLC 2019 Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil cost 191,406
d)	Aggregated information - Aggregated volume - Price	N/A N/A
e)	Date of the transaction	23rd September 2020
f)	Place of the transaction	Outside a trading venue

 

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