Superdry PLC Director/PDMR Shareholding (2163E)

TIDMSDRY

RNS Number : 2163E

Superdry PLC

16 October 2018

SuperdryPlc

("Superdry" or "the Company")

16 October 2018

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMR") and persons closely associated with them ("PCA")

Superdry Performance Share Plan ("PSP"): Grant of 2018 Conditional Share Award

On 15 October 2018, the PDMR named below was granted a conditional share award over Ordinary Shares under the terms of the Superdry 2018 Performance Share Plan ("PSP"). Details of the number of Ordinary Shares subject to such award are set out in the table immediately below.

 
 Name / Position of PDMR         Number of Ordinary Shares Purchased 
                                  for Reinvestment 
 Brigitte Danielmeyer - Chief 
  Product Officer                30,172 
                                ------------------------------------ 
 

The PDMR notified the Company of the above transaction on 15 October 2018.

No consideration was paid for the grant of these awards which are structured as conditional awards.

The vesting of an award is subject to the satisfaction of the following performance conditions, measured over a performance period of three financial years of the Company ending with the 2020/2021 financial year (the "performance period"):

1. 70% of the award is based on the compound annual growth rate ("CAGR") in the Company's earnings per share ("EPS") measured over the performance period.

-- 25% of the EPS-related part of the award will vest if the CAGR in the EPS is 8%, increasing on a straight-line basis to 50% vesting if the CAGR in the EPS is 10% and increasing on a straight-line basis to 100% vesting if the CAGR in the EPS is 12% or more.

2. 30% of the award is based on comparing the Company's total shareholder return ("TSR") measured over the performance period against the TSR over the performance period of each company in a bespoke group of companies ("Comparator Group").

-- 25% of the TSR-related part of the award will vest if the Company's TSR is ranked at the median of the companies in the Comparator Group by reference to their TSR, increasing on a straight-line basis to 100% vesting if the Company's TSR is ranked at the upper quartile or above of the companies in the Comparator Group by reference to their TSR.

Performance against each target is assessed independently. The award will normally vest on the later of the third anniversary of grant and the determination of the performance conditions. The awards are subject to the rules of the PSP and in particular the malus and clawback provisions set out therein.

The Company makes this announcement, including the notification(s) below, in accordance with the requirements of the EU Market Abuse Regulation.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Brigitte Danielmeyer 
     --------------------------  ------------------------------------------------------------ 
 2    Reason for the notification 
     ---------------------------------------------------------------------------------------- 
 a)   Position/status                        Chief Product Officer/PDMR 
     --------------------------  ------------------------------------------------------------ 
 b)   Initial notification        Initial Notification 
       /Amendment 
     --------------------------  ------------------------------------------------------------ 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------------------------- 
 a)   Name                        Superdry Plc 
     --------------------------  ------------------------------------------------------------ 
 b)   LEI                         213800GAQMT2WL7BW361 
     --------------------------  ------------------------------------------------------------ 
 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 of 5 pence each 
       financial instrument, 
       type of instrument 
                                   ISIN: GB00B60BD277 
       Identification code 
     --------------------------  ------------------------------------------------------------ 
 b)   Nature of the transaction   Grant of conditional share award under 
                                   the Superdry 2018 Performance Share 
                                   Plan 
     --------------------------  ------------------------------------------------------------ 
 c)   Price(s) and volume(s)        Price(s)                  Volume(s) 
                                                1. GBP10.22               1. 30,172 
                                                              --------------------- 
     --------------------------  ------------------------------------------------------------ 
 d)   Aggregated information             Price(s)                       Aggregated volume 
                                                                          (s) 
                                                     1. GBP308,357.84               1. 30,172 
                                                                        --------------------- 
     --------------------------  ------------------------------------------------------------ 
 e)   Date of the transaction     15 October 2018 
     --------------------------  ------------------------------------------------------------ 
 f)   Place of the transaction    London Stock Exchange (XLON) 
     --------------------------  ------------------------------------------------------------ 
 

The number of Ordinary Shares granted under this Conditional Share Award was calculated by taking the PDMR's salary and dividing it by the average share price during the 10 dealing days preceding the Grant Date.

 
 
 
   For further information: 
 Superdry Plc 
 Simon Callander 
  Group General Counsel and Company 
  Secretary                            [phone] 
 

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 [e-mail] or visit www.rns.com.

END

DSHGGGBWUUPRGGQ

(END) Dow Jones Newswires

October 16, 2018 08:00 ET (12:00 GMT)