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Frasers Group PLC (FRAS)

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Thursday 02 April, 2020

Frasers Group PLC

Employee Benefit Trust Purchase of Employee Shares

RNS Number : 6221I
Frasers Group PLC
02 April 2020
 

Date: 2 April 2020

FRASERS GROUP PLC

(the "Company")

 

PURCHASE BY THE SPORTS DIRECT EMPLOYEE BENEFIT TRUST OF EMPLOYEE SHARES

On 31 March 2020, a total of 7,500 ordinary shares of 10 pence each in the Company ("Shares") were acquired by one participant following the exercise of an award under the Company's share schemes. The 7,500 shares sold by the participant following exercise were acquired by Estera Trust (Jersey) Limited as Trustee of the Sports Direct 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 185 .9   pence per Share (being an amount equal to the mid-market closing price of a Share on 31 March 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. [email protected]

 

 


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