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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Next Plc | LSE:NXT | London | Ordinary Share | GB0032089863 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
90.00 | 0.98% | 9,294.00 | 9,292.00 | 9,298.00 | 9,306.00 | 9,214.00 | 9,226.00 | 200,165 | 16:29:55 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Fabricated Textile Pds, Nec | 5.49B | 802.3M | 6.3274 | 14.69 | 11.78B |
TIDMNXT
RNS Number : 0508A
Next PLC
17 January 2024
17 January 2024
NEXT plc
This announcement replaces the 'Notification of Transactions by Persons Discharging Managerial Responsibility and Persons Closely Associated with Them' announcement released on 22 September 2023 at 16:00 under RNS No: 4158N.
The form has been updated to include the award made to Marcelle Stakol over 2,180 shares. All other details remain unchanged.
Notification of Transactions by Persons Discharging Managerial Responsibility and Persons Closely Associated with Them
The following awards were granted to executive directors and a PCA on 22 September 2023 under the NEXT Long Term Incentive Plan (the "LTIP"):
Maximum No. of Shares Lord Wolfson of Aspley Guise 15,194 --------------- Amanda James 9,252 --------------- Richard Papp 8,969 --------------- Jane Shields 8,969 --------------- Jeremy Stakol 8,031 --------------- Marcelle Stakol 2,180 ---------------
Under the terms of each LTIP the award comprises a conditional award of shares on the following terms:
-- the award will vest following the third anniversary of the date of grant subject to performance targets and continued employment in the NEXT Group; -- a variable percentage of the maximum number of shares above can vest, depending on the relative Total Shareholder Return of NEXT over a three year period against a comparator group; -- for relative performance against the comparator group the percentage vesting will be: Relative performance Percentage vesting ---------------------- ------------------- Below median 0% Median 20% Upper quintile 100% -- the Remuneration Committee has discretion to override and reduce formulaic outcomes under the LTIP awards should this be considered appropriate in the circumstances; -- before any of the awards vest, the Committee must have regard to the underlying financial performance of the Company; -- to the extent that the performance condition is not met, the award will lapse completely; -- to the extent that awards vest, dividend equivalents will be accrued; and -- any vesting of these awards granted to executive directors (including dividend equivalents) will be settled in shares and, after payment of tax, the net shares received should be retained for a period of two further years, and for operational directors for a period of six further months.
LTIP awards are made twice a year. The maximum number of shares shown above is 112.5% of each executive director's (60% of operational director's) base salary at the date of grant, divided by NEXT's average share price over the three months prior to the start of the performance period.
The following notification made under article 19.1 of the UK Market Abuse Regulation ("MAR") related to awards granted to executive directors on 22 September 2023 under the LTIP. This announcement is made in accordance with Article 19.3 of MAR.
Details of the person discharging managerial responsibilities 1 ("PDMR") / person closely associated ("PCA") a) Name 1. Lord Wolfson of Aspley Guise 2. Amanda James 3. Richard Papp 4. Jane Shields 5. Jeremy Stakol 6. Marcelle Stakol --------------------------- ------------------------------------------------------- Reason for the notification 2 ------------------------------------------------------------------------------------ a) Position/status 1. Chief Executive (PDMR) 2. Group Finance Director (PDMR) 3. Group Merchandise and Operations Director (PDMR) 4. Group Sales, Marketing and HR Director (PDMR) 5. Group Investments, Acquisitions and Third Party Brands Director (PDMR) 6. PCA of the Group Investments, Acquisitions and Third Party Brands Director and Operational Brand Director --------------------------- ------------------------------------------------------- b) Initial notification Initial notification /Amendment --------------------------- ------------------------------------------------------- Details of the issuer, emission allowance market participant, 3 auction platform, auctioneer or auction monitor ------------------------------------------------------------------------------------ a) Name Next plc --------------------------- ------------------------------------------------------- b) LEI 213800WQD8ECPZP9PH98 --------------------------- ------------------------------------------------------- Details of the transaction(s): section to be repeated for 4 (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 of GBP0.10 each - conditional financial instrument, award type of instrument Identification code GB0032089863 b) Nature of the transaction Conditional award granted of shares under the LTIP. Maximum number of shares as follows: 1. Lord Wolfson of Aspley Guise - 15,194 2. Amanda James - 9,252 3. Richard Papp - 8,969 4. Jane Shields - 8,969 5. Jeremy Stakol - 8,031 6. Marcelle Stakol - 2,180 --------------------------- ------------------------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) Lord Wolfson of Aspley Guise Nil 15,194 -------------------------------------------- ----------- Amanda James Nil 9,252 -------------------------------------------- ----------- Richard Papp Nil 8,969 -------------------------------------------- ----------- Jane Shields Nil 8,969 -------------------------------------------- ----------- Jeremy Stakol Nil 8,031 -------------------------------------------- ----------- Marcelle Stakol Nil 2,180 -------------------------------------------- ----------- d) Aggregated information - Aggregated volume n/a single transactions - Price e) Date of the transaction 22 September 2023 f) Place of the transaction Outside a trading venue --------------------------- -------------------------------------------------------
Ian Blackwell
Company Secretary
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January 17, 2024 10:48 ET (15:48 GMT)
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