Director/PDMR Shareholding

RNS Number : 6941S

Watches of Switzerland Group PLC

15 July 2022

 

WATCHES OF SWITZERLAND GROUP PLC (the 'Company')

DIRECTOR/PDMR  SHAREHOLDING

The Company has awarded nil cost op tions under the 2019 Long Term Incentive Plan (the 'Award').

The Performance Target for the Award consists of the following elements:

· 80% of the Award will Vest depending on the Company's Cumulative EPS performance against targets (the "EPS Performance Award").

· 20% of the Award will Vest depending on the Company's Average ROCE performance against targets (the "ROCE Performance Award"). 

The EPS Performance Award will Vest as follows

Cumulative EPS	Percentage of Award Vesting
Less than 166.2 pence	Nil
166.2 pence	16%
Between 166.2 pence and 183.7 pence	Between 16% and 80% on a straight-line basis
183.7 pence or more	80%

The ROCE Performance Award will Vest as follows

Average ROCE	Percentage of Award Vesting
Less than 26.4%	Nil
26.4%	4%
Between 26.4% and 29.2%	Between 4% and 20% on a straight-line basis
29.2% or more	20%

The Award will vest after a period of three years and there is a Holding Period of two years from the vesting date.

The following information is given in accordance with Article 19.3 of the Market Abuse Regulation and is  made on behalf of Brian Duffy a PDMR, in the Watches of Switzerland Group PLC under article 19.1 of the Market Abuse Regulation ('MAR').

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Brian Duffy
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial
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	Ordinary Shares of £0.0125 each
	Identification code	GB00BJDQQ870
b)	Nature of the transaction	An award of nil cost options shares granted under the Company's 2019 Long Term incentive Plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£7.505	133,244
d)	Aggregated information
	- Aggregated volume	133,244
	- Price	£999,996
e)	Date of the transaction	14 July 2022
f)	Place of the transaction	XLON

The following information is given in accordance with Article 19.3 of the Market Abuse Regulation and is  made on behalf of Bill Floydd a PDMR, in the Watches of Switzerland Group PLC under article 19.1 of the Market Abuse Regulation ('MAR').

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Bill Floydd
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial
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	Ordinary Shares of £0.0125 each
	Identification code	GB00BJDQQ870
b)	Nature of the transaction	An award of nil cost options granted under the Company's 2019 Long Term incentive Plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£7.505	88,607
d)	Aggregated information
	- Aggregated volume	88,607
	- Price	£664,996
e)	Date of the transaction	14 July 2022
f)	Place of the transaction	XLON

Enquiries:

Laura Battley  Lucy Legh / Rob Walker / Joanna Clark 

Company Secretary and General Counsel  Headland

T: 0207 317 4604    T: 0203 805 4822

 

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