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Watches of Switzlnd. (WOSG)

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Wednesday 23 September, 2020

Watches of Switzlnd.

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 15th September 2020.  

 

 

For enquiries, contact:

Paul Eardley

Company Secretary

+44 207 317 4604

 

 

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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