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SDRY Superdry Plc

7.34
-0.38 (-4.92%)
Last Updated: 10:00:10
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Superdry Plc LSE:SDRY London Ordinary Share GB00B60BD277 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.38 -4.92% 7.34 7.20 7.34 8.00 7.10 8.00 684,131 10:00:10
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Men's & Boys' Clothing-whsl 622.5M -148.1M -1.8017 -0.04 6.07M

Superdry PLC Director/PDMR Shareholding (6401N)

25/09/2019 11:15am

UK Regulatory


Superdry (LSE:SDRY)
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TIDMSDRY

RNS Number : 6401N

Superdry PLC

25 September 2019

SuperdryPlc

("Superdry") ("the Company")

25 September 2019

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 2019 Conditional Share Awards

On 24 September 2019, the PDMRs named below were granted conditional share awards over Ordinary Shares under the terms of the Superdry 2019 Performance Share Plan ("PSP"). Details of the number of Ordinary Shares subject to such awards are set out in the table immediately below.

 
 Name / Position of PDMR                             Number of Ordinary 
                                                      Shares subject to 
                                                      award 
 Nick Gresham - Chief Financial Officer              143,885 
                                                    ------------------- 
 Phil Dickinson - Creative Director                  152,878 
                                                    ------------------- 
 Gordon Knox - Director of Logistics                 47,962 
                                                    ------------------- 
 Lucy Maitland-Walker - Merchandising Director       54,614 
                                                    ------------------- 
 Shaun Packe - Global Sourcing and Sustainability 
  Director                                           47,962 
                                                    ------------------- 
 Thomas Vuillez - Vice President - USA               70,079 
                                                    ------------------- 
 Guy Youll - Group Human Resources Director          44,365 
                                                    ------------------- 
 Jon Wragg - Global Trading Director                 73,381 
                                                    ------------------- 
 

The above awards were notified to the Company by each PDMR referred to above on 24 September 2019.

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:

1. 30% of the award is based on the compound annual growth rate ("CAGR") in the Company's earnings per share ("EPS") measured over the three years ending with the 2021/22 financial year as follows:

-- 10% of the EPS-related part of the award will for EPS growth of 15% p.a. increasing on a straight-line basis to 50% vesting for EPS growth of 23% p.a. increasing on a straight-line basis to 100% vesting for EPS growth of 30% p.a. or more.

2. 70% of the award is based on comparing the Company's total shareholder return ("TSR") measured over three years from the grant date against a bespoke group of relevant companies ("Comparator Group").

-- 25% of the TSR-related part of the award will vest if the Company's TSR is equal to that of the median ranked company in the Comparator Group increasing on a straight-line basis to 100% vesting if the Company's TSR is equal to higher than that of the upper quartile ranked company in the Comparator Group.

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.

This announcement, including the notifications below, is made in accordance with the requirements of the EU Market Abuse Regulation.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             1. Nick Gresham 
                                        2. Phil Dickinson 
                                        3. Gordon Knox 
                                        4. Lucy Maitland-Walker 
                                        5. Shaun Packe 
                                        6. Thomas Vuillez 
                                        7. Guy Youll 
                                        8. Jon Wragg 
     --------------------------  ------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------- 
 a)   Position/status                  1. Chief Financial Officer 
                                        2. Creative Director 
                                        3. Director of Logistics 
                                        4. Merchandising Director 
                                        5. Global Sourcing and Sustainability 
                                        Director 
                                        6. Vice President - USA 
                                        7. Group Human Resources Director 
                                        8. Global Trading Director 
     --------------------------  ------------------------------------------------- 
 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 
 
       Identification code         ISIN: GB00B60BD277 
     --------------------------  ------------------------------------------------- 
 b)   Nature of the transaction   Grant of conditional share awards 
                                   under the Superdry 2019 Performance 
                                   Share Plan 
     --------------------------  ------------------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)                  Volume(s) 
                                                1. GBP4.170    1. 143,885 
                                                 2. GBP4.170    2. 152,878 
                                                 3. GBP4.170    3. 47,962 
                                                 4. GBP4.170    4. 54,614 
                                                 5. GBP4.170    5. 47,962 
                                                 6. GBP4.170    6. 70,079 
                                                 7. GBP4.170    7. 44,365 
                                                 8. GBP4.170    8. 73,381 
                                                              ------------ 
     --------------------------  ------------------------------------------------- 
 d)   Aggregated information        Price(s)                 Aggregated Volume(s) 
                                          1. GBP600,000.00    1. 143,885 
                                           2. GBP637,500.00    2. 152,878 
                                           3. GBP200,000.00    3. 47,962 
                                           4. GBP227,739.76    4. 54,614 
                                           5. GBP200,000.00    5. 47,962 
                                           6. GBP292,230.38    6. 70,079 
                                           7. GBP185,000.00    7. 44,365 
                                           8. GBP306,000.00    8. 73,381 
                                                             --------------------- 
     --------------------------  ------------------------------------------------- 
 e)   Date of the transaction     24 September 2019 
     --------------------------  ------------------------------------------------- 
 f)   Place of the transaction    London Stock Exchange (XLON) 
     --------------------------  ------------------------------------------------- 
 

25 September 2019

 
 For further information: 
 Superdry Plc 
 Simon Callander            +44 (0) 1242 586643 
  Company Secretary          simon.callander@superdry.com 
 

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

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(END) Dow Jones Newswires

September 25, 2019 06:15 ET (10:15 GMT)

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