Brown (N.) Group PLC Director/PDMR Shareholding (3934V)

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RNS Number : 3934V

Brown (N.) Group PLC

09 August 2022

09 August 2022

N BROWN GROUP PLC - GRANT OF NIL COST OPTIONS

N Brown Group plc announces that on 08 August 2022 nil cost options were granted to its Chief Executive Officer, Steve Johnson, over 2,613,625 shares and its Chief Financial Officer, Rachel Izzard, over 1,793,664 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 25.50 pence.

The performance conditions and targets for the 2022 Awards are as follows:

 
                    Percentage       Adjusted EPS as 
                    of each part    at the end of FY25 
                    of the award 
                     that will 
                        vest 
 Below threshold        0%         Less than 6.6 pence 
                  --------------  -------------------- 
   Threshold*           25%             6.6 pence 
                  --------------  -------------------- 
    Maximum*           100%        9.5 pence and above 
                  --------------  -------------------- 
 

*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 UK Market Abuse Regulation, provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                               Stephen Johnson 
      ---------------------------------  -------------------------------------------- 
       Reason for the notification 
  2 
      ------------------------------------------------------------------------------- 
 a)    Position/status                    CEO, N Brown Group Plc 
      ---------------------------------  -------------------------------------------- 
 b)    Initial notification               Initial Notification 
        /Amendment 
      ---------------------------------  -------------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------- 
 a)    Name                               N Brown Group Plc 
      ---------------------------------  -------------------------------------------- 
 b)    LEI                                213800QFPJQF2NUVAP09 
      ---------------------------------  -------------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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                 Nil cost options over Ordinary shares 
        financial instrument,              of 11 1/19 pence 
        type of instrument 
 
       Identification code                GB00B1P6ZR11 
 
 b)    Nature of the transaction          Grant of options 
      ---------------------------------  -------------------------------------------- 
 c)    Price(s) and volume(s) 
                                          --------------------------  ------------- 
                                           Price(s)                    Volume(s) 
                                          --------------------------  ------------- 
    Nil cost options                                                   2,613,625 
   -----------------------------------------------------------------  ------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                N/A- single transaction 
 
  - Price 
 
 e)    Date of the transaction            08 August 2022 
      ---------------------------------  -------------------------------------------- 
 f)    Place of the transaction           Outside a trading venue 
      ---------------------------------  -------------------------------------------- 
 
 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                               Rachel Izzard 
      ---------------------------------  -------------------------------------------- 
       Reason for the notification 
  2 
      ------------------------------------------------------------------------------- 
 a)    Position/status                    CFO, N Brown Group Plc 
      ---------------------------------  -------------------------------------------- 
 b)    Initial notification               Initial Notification 
        /Amendment 
      ---------------------------------  -------------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------- 
 a)    Name                               N Brown Group Plc 
      ---------------------------------  -------------------------------------------- 
 b)    LEI                                213800QFPJQF2NUVAP09 
      ---------------------------------  -------------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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                 Nil cost options over Ordinary shares 
        financial instrument,              of 11 1/19 pence 
        type of instrument 
 
       Identification code                GB00B1P6ZR11 
 
 b)    Nature of the transaction          Grant of options 
      ---------------------------------  -------------------------------------------- 
 c)    Price(s) and volume(s) 
                                          --------------------------  ------------- 
                                           Price(s)                    Volume(s) 
                                          --------------------------  ------------- 
    Nil cost options                                                   1,793,664 
   -----------------------------------------------------------------  ------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                N/A- single transaction 
 
  - Price 
 
 e)    Date of the transaction            08 August 2022 
      ---------------------------------  -------------------------------------------- 
 f)    Place of the transaction           Outside a trading venue 
      ---------------------------------  -------------------------------------------- 
 

For further information:

Michael Mustard

General Counsel and Company Secretary, N Brown Group plc

[phone]

Shore Capital - Nomad and Broker

Stephane Auton / Daniel Bush / John More

[phone]

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August 09, 2022 03:45 ET (07:45 GMT)