We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Watches Of Switzerland Group Plc | LSE:WOSG | London | Ordinary Share | GB00BJDQQ870 | ORD GBP0.0125 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.20 | 0.36% | 335.60 | 335.20 | 336.20 | 340.80 | 334.00 | 335.60 | 26,537 | 10:54:57 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Jewelry & Watches-whsl | 1.54B | 121.8M | 0.5084 | 6.67 | 812.14M |
TIDMWOSG
RNS Number : 0393C
Watches of Switzerland Group PLC
17 February 2022
17 February 2022
Watches of Switzerland Group PLC
Notification of transactions by Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them
As previously announced, on 26 August 2021 the Company agreed, in connection with his appointment as CFO, to compensate William ('Bill') Floydd for share awards forfeited by him (the 'Rank Awards') on leaving his previous employer Rank Group Plc ('Rank').
On 14 February 2022 the Company awarded Bill Floydd the share awards (the 'Awards') outlined below. The Awards are a replacement for the Rank Awards which Bill forfeited on his leaving his employment with Rank and in recognition of joining the Company. The number of shares granted in relation to the Awards were determined based on Rank and Watches of Switzerland Group PLC ('WOSG' or 'the Company') share prices on 31 December 2021, the last business day before Bill joined the Company.
The Awards granted are as follows:
(i) Award 1 - 3,443 ordinary shares in Watches of Switzerland Group PLC ('WOSG Ordinary Shares'). These were granted to Bill to compensate him for the portion of the 2017/18 LTIP award forfeited on Bill leaving employment with Rank. As disclosed in the Rank 2020/21 Annual Report, 47,013 shares, of the 2017/18 LTIP Award vested following the assessment of the Rank LTIP performance conditions. The first tranche of this award, 15,671 shares vested to Bill in October 2021 while he remained in employment with Rank and therefore is not being replaced by WOSG.
Award 1 replaces the final two tranches of the 2017/18 LTIP. 1,721 WOSG Ordinary Shares replace tranche 2 of the 2017/18 LTIP and will vest in October 2022 (subject to a one year holding period). 1,722 WOSG Ordinary Shares replace tranche 3 of the 2017/18 LTIP and will vest in October 2023 (no holding period will apply). These vesting dates and holding period are in line with the vesting timeline of the forfeited Rank Award.
(ii) Award 2 - 35,392 WOSG Ordinary Shares granted to Bill to compensate for a forfeited LTIP award granted by Rank under their 2020/21 LTIP. This Award is due to vest in December 2023. The portion of the Award vesting will be determined by the Company in line with the original Rank LTIP performance metrics applicable to the 2020/21 LTIP Award vest, to be disclosed in the 2022/23 Rank Group Annual Report. Any shares that vest will be subject to a two-year holding period. The vesting date and holding period are in line with the vesting timeline of the forfeited Rank Award.
(iii) Award 3 - 46,830 WOSG Ordinary Shares granted to Bill in recognition of joining the Company and having the same performance measures, targets and vesting terms as the 2021 WOSG LTIP award granted to other members of the Company's senior management in July 2021. The Award will vest in July 2024 and will be subject to a two-year holding period.
The following information is given in accordance with Article 19.3 of the Market Abuse Regulation:
1 Details of the person discharging managerial responsibilities/person closely associated a) Name Bill Floydd 2 Reason for the notification a) Position/status Chief Financial Officer b) Initial notification/Amendment Initial Notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Watches of Switzerland Group PLC b) LEI 2138008ZOT5K9PJW7168 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 financial instrument, type of Ordinary Shares of GBP0.0125 instrument ISIN: GB00BJDQQ870 Identification code b) Nature of the transaction The grant of (i) and (ii) are replacement share awards on the terms of the Company's Long-Term Incentive Plan, in line with the remuneration terms agreed on appointment and in line with the Company's previous announcements on this subject. These awards compensate for forfeited Rank awards. The grant of (iii) is in recognition of joining the Company c) Price(s) and volume(s) CSA Volume Price (GBP) (i) 3,443 14.20 ------- ------------ (ii) 35,392 14.20 ------- ------------ (iii) 46,830 14.20 ------- ------------ d) Aggregated information 85,665 Aggregated volume GBP1,216,443 - Price e) Date of the transaction 17 February 2022 f) Place of the transaction XLON
Contact
The Watches of Switzerland Group
Bill Floydd, Chief Financial Officer
+44 (0) 207 317 4600
Caroline Browne, Group Finance Director
+44 (0) 116 2817 420
investor.relations@thewosgroup.com
Laura Battley
Company Secretary & General Counsel
+44 (0) 207 317 4600
companysecretariat@thewosgroup.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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
DSHBDGDDRSBDGDR
(END) Dow Jones Newswires
February 17, 2022 07:49 ET (12:49 GMT)
1 Year Watches Of Switzerland Chart |
1 Month Watches Of Switzerland Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions