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BWNG Brown (n) Group Plc

16.00
-0.30 (-1.84%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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

Brown (N.) Group PLC Director/PDMR Shareholding (8548Y)

24/08/2018 12:48pm

UK Regulatory


Brown (n) (LSE:BWNG)
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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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