Brown (N.) Group PLC Director/PDMR Shareholding (9046R)

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RNS Number : 9046R

Brown (N.) Group PLC

08 July 2022

N Brown Group plc

(the "Company")

Director/PDMR Shareholding

The Company has been notified of a transaction which took place on 7 July 2022 whereby security previously granted to Lloyds Bank over 9,191,880 ordinary shares in the capital of the Company, owned by Lord David Alliance of Manchester CBE, has been released and the ordinary shares transferred back to Lord Alliance.

This transaction results in a reduction of the number of ordinary shares pledged to banks within Lord Alliance's direct and indirect interests from 8.33% to 6.33% of the capital of the Company.

This transaction does not result in a change to the total direct and indirect interest of Lord Alliance in the voting rights and issued share capital of the Company.

This announcement is made in accordance with the UK Market Abuse Regulation.

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                     Lord Alliance of Manchester CBE 
      ---------------------------------------  -------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------------- 
 a)    Position/status                          Non-Executive Director, N Brown Group 
                                                 plc 
      ---------------------------------------  -------------------------------------------- 
 b)    Initial notification                     Initial 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                                      213800QFPJQF2NUVAP09 
      ---------------------------------------  -------------------------------------------- 
 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                       Ordinary shares 
        financial instrument, 
        type of instrument 
 
       Identification code                      GB00B1P6ZR11 
 
 b)    Nature of the transaction                Transfer of ordinary shares pursuant 
                                                 to the release of a pledge 
      ---------------------------------------  -------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                --------------------  ------------------- 
                                                 Price(s)              Volume(s) 
                                                --------------------  ------------------- 
    GBP0.00                                                            9,191,880 
   -----------------------------------------------------------------  ------------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                      9,191,880 
 
  - Price                                  GBP0.00 
 
 e)    Date of the transaction                  7 July 2022 
      ---------------------------------------  -------------------------------------------- 
 f)    Place of the transaction                 Outside a trading venue 
      ---------------------------------------  -------------------------------------------- 
 

For enquiries, please contact:

Michael Mustard

Company Secretary and General Counsel, N Brown Group Plc

Tel: [phone]

Registered office:

Griffin House

40 Lever Street

Manchester

M60 6ES

Shore Capital - Nominated Adviser and Broker

Stephane Auton / Daniel Bush / John More

[phone]

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July 08, 2022 11:44 ET (15:44 GMT)