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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-0.30 | -1.84% | 16.00 | 15.55 | 16.00 | 16.50 | 15.55 | 16.50 | 351,942 | 16:35:27 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Catalog, Mail-order Houses | 677.5M | -51.4M | -0.1116 | -1.39 | 71.61M |
TIDMBWNG
RNS Number : 8548Y
Brown (N.) Group PLC
24 August 2018
N Brown Group plc
("N Brown" or the "Company")
Grant of nil cost options
N Brown announces that on 22 August 2018 nil cost options were granted to its Chief Executive, Angela Spindler over 454,519 shares and its Group Chief Financial Officer, Craig Lovelace over 238,771 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 140 pence.
The performance conditions and targets for the 2018 Awards are therefore as follows:
Percentage Annual growth Free cashflow Annual growth of each part in adjusted is defined in total of the award EPS in excess as cashflow revenue that will of CAGR (compound generated from over 3 financial vest annual growth operations years rate) over excluding receivables. 3 financial Targets are years cumulative over 3 financial years Weighting 50% 30% 20% ------------------- ------------------------ ------------------ Below threshold 0% Less than CAGR Less than GBP350m Less than +3% 3% CAGR --------------- ------------------- ------------------------ ------------------ Threshold* 25% At least CAGR At least GBP350m At least +3% 3% CAGR --------------- ------------------- ------------------------ ------------------ Maximum* 100% At least CAGR At least GBP420m At least +8% 5% 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 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 Nil cost options over Ordinary Shares of 11 1/19 of the financial pence instrument, ISIN: GB00B1P6ZR11 type of instrument Identification code --------------------- ------------------------------------------------- b) Nature of the Grant of options transaction --------------------- ------------------------------------------------- c) Price(s) and Price(s) Volume(s) volume(s) Nil Cost Options 454,519 ---------- --------------------- ------------------------------------------------- d) Aggregated information N/A - single transaction - Aggregated volume - Price --------------------- ------------------------------------------------- e) Date of the 22 August 2018 transaction --------------------- ------------------------------------------------- f) Place of the London Stock Exchange, Main Market 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 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 Nil cost options over Ordinary Shares of 11 1/19 of the financial pence instrument, ISIN: GB00B1P6ZR11 type of instrument Identification code --------------------- ------------------------------------------------- b) Nature of the Grant of options transaction --------------------- ------------------------------------------------- c) Price(s) and Price(s) Volume(s) volume(s) Nil Cost Options 238,771 ---------- --------------------- ------------------------------------------------- d) Aggregated information N/A - single transaction - Aggregated volume - Price --------------------- ------------------------------------------------- e) Date of the 22 August 2018 transaction --------------------- ------------------------------------------------- f) Place of the London Stock Exchange, Main Market transaction --------------------- -------------------------------------------------
- Ends -
For further information:
ENQUIRIES: Theresa Casey, 0161 238 2298
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
DSHBBGDILSDBGIS
(END) Dow Jones Newswires
August 24, 2018 07:48 ET (11:48 GMT)
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