Director/PDMR Shareholding

RNS Number : 7611P

Watches of Switzerland Group PLC

13 February 2023

 

Watches of Switzerland Group PLC (the'Company')

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

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 Watches of Switzerland Group PLC under article 19.1 of the Market Abuse Regulation ('MAR').

Watches of Switzerland Group PLC (the 'Company') announces that Bill Floydd has exercised in full Award 1 of the Buy Out option (the 'Option') that was granted to him on 17 February 2022, shortly after he joined the Company, as part of the compensation awarded to him for awards forfeited for leaving his previous employer.  Further details can be found within the Company announcement of 17 February 2022.

The Option became exerciseable in October 2022.  The performance conditions, applicable to the Option, had previously been achieved as of October 2021, when Bill was employed by his previous employer.

As a result of the exercise of the Option, 814 shares were sold to cover the underlying tax liability.  Bill will retain the balance of the award - namely 907 shares. Bill's holding now amounts to 907 shares.

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 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	Exercise in full of Option awarded at time of joining the Company and disposal of such number of shares as was necessary to cover the tax liability which crystallised on exercise of the Option.
c)	Price(s) and volume(s)	Price Number of options exercised Number of shares sold to cover Tax Liability Number of shares retained £8.334 1,721 814 907
d)	Aggregated information - Aggregated volume - Price	Price per share Value £ Shares sold to cover Tax Liability £8.334 £6,784 Shares Retained £8.334 £7,559
e)	Date of the transaction	10 February 2023
f)	Place of the transaction	XLON

Contact

Stephanie Crinnegan

Director of Investor Relations and Corporate Affairs

T:  0207 317 4600

E: [e-mail]

Laura Battley

Company Secretary & General Counsel

T: 0207 317 4601

E: [e-mail]

 

END

 

 

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