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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Brown (n) Group Plc | LSE:BWNG | London | Ordinary Share | GB00B1P6ZR11 | ORD 11 1/19P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 14.55 | 14.55 | 16.00 | 16,351 | 08:36:08 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Catalog, Mail-order Houses | 677.5M | -51.4M | -0.1116 | -1.30 | 67M |
TIDMBWNG
RNS Number : 0471H
Brown (N.) Group PLC
12 August 2016
N Brown Group plc
("N Brown" or the "Company")
Grant of nil cost options
N Brown announces that on 10(th) August 2016 nil cost options were granted to its Chief Executive, Angela Spindler over 472,063 shares and its Group Chief Financial Officer, Craig Lovelace over 243,125 shares ("Awards") under the terms of the N Brown Group plc 2014 Long-Term Incentive Plan.
The number of shares placed under Award was based on the closing mid-market price for the preceding day which was 172.75 pence.
The performance conditions and targets for the 2016 awards are therefore as follows:
Percentage Annual growth Free cashflow Annual of each in adjusted is defined growth part of EPS in excess as cashflow in total the award of RPI over generated revenue that will 3 financial from operations over 3 vest years excluding financial receivables. years Targets are cumulative over 3 financial years ------------ ------------ --------------- ------------------ ----------- Weighting 50% 30% 20% -------------------------- --------------- ------------------ ----------- Below 0% Less than Less than Less than threshold RPI +2.5% GBP370m 5% CAGR ------------ ------------ --------------- ------------------ ----------- Threshold* 25% At least At least GBP370m At least RPI +2.5% 5% CAGR ------------ ------------ --------------- ------------------ ----------- Maximum* 100% At least At least GBP450m At least RPI +9% 9% CAGR ------------ ------------ --------------- ------------------ -----------
*For performance that is between the threshold and maximum levels, awards vest on a straight-line basis.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1 Details of the person discharging managerial responsibilities / person closely associated --- ---------------------------------------------------------- a) Name Angela Spindler --- ------------------ -------------------------------------- 2 Reason for the notification --- ---------------------------------------------------------- a) Position/status Chief Executive --- ------------------ -------------------------------------- b) Initial Initial notification notification /Amendment --- ------------------ -------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --- ---------------------------------------------------------- a) Name N Brown Group plc --- ------------------ -------------------------------------- b) LEI --- ------------------ -------------------------------------- 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 Nil cost options over Ordinary Shares of the financial of 11 1/19 pence instrument, ISIN: GB00B1P6ZR11 type of instrument Identification code --- ------------------ -------------------------------------- b) Nature of Grant of options the transaction --- ------------------ -------------------------------------- c) Price(s) Price(s) Volume(s) and volume(s) ---------- ---------- Nil Cost Options 472,063 ---------- ---------- --- ------------------ -------------------------------------- d) Aggregated information N/A - single transaction - Aggregated volume - Price --- ------------------ -------------------------------------- e) Date of 10 August 2016 the transaction --- ------------------ -------------------------------------- f) Place of London Stock Exchange, Main Market the transaction --- ------------------ -------------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated --- ---------------------------------------------------------- a) Name Craig Lovelace --- ------------------ -------------------------------------- 2 Reason for the notification --- ---------------------------------------------------------- a) Position/status Group Chief Financial Officer --- ------------------ -------------------------------------- b) Initial Initial notification notification /Amendment --- ------------------ -------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --- ---------------------------------------------------------- a) Name N Brown Group plc --- ------------------ -------------------------------------- b) LEI --- ------------------ -------------------------------------- 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 Nil cost options over Ordinary Shares of the financial of 11 1/19 pence instrument, ISIN: GB00B1P6ZR11 type of instrument Identification code --- ------------------ -------------------------------------- b) Nature of Grant of options the transaction --- ------------------ -------------------------------------- c) Price(s) Price(s) Volume(s) and volume(s) ---------- ---------- Nil Cost Options 243,125 ---------- ---------- --- ------------------ -------------------------------------- d) Aggregated information N/A - single transaction - Aggregated volume - Price --- ------------------ -------------------------------------- e) Date of 10 August 2016 the transaction --- ------------------ -------------------------------------- f) Place of London Stock Exchange, Main Market the transaction --- ------------------ --------------------------------------
- Ends -
For further information:
ENQUIRIES: Daniel Cropper 0161 238 2726
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHGIGDIRBBBGLD
(END) Dow Jones Newswires
August 12, 2016 04:56 ET (08:56 GMT)
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