Wickes Group PLC
(the 'Company')
Notifications of transactions by Persons Discharging Managerial
Responsibilities ('PDMRs')
The Company announces that on 27 March 2024 (the 'Grant Date') the following awards in respect of ordinary shares of 10 pence each in the Company ('Shares') were made by way of nil cost option under the Wickes Deferred Annual Bonus Plan (the 'DABP') and the Wickes Long Term Incentive Plan (the 'LTIP') to PDMRs as set out below. Further details can be found in the Directors' Remuneration Report contained in the Company's Annual Report for the year ended 30 December 2023.
The number of shares subject to the options awarded has been calculated using a share price of 150.22 pence, being the average of the closing market prices of the Company's Shares on the five dealing days immediately preceding the Grant Date.
| Award | PDMR | Number of Shares under option | Option Price
|
| DABP | David Wood | 142,449 | nil |
| DABP | Mark George | 90,243 | nil |
| LTIP | David Wood | 714,285 | nil |
| LTIP | Mark George | 405,005 | nil |
The options under the DABP will vest on 27 March 2027.
The options under the LTIP will vest on 27 March 2027 subject to the achievement of performance conditions. Vested options will be subject to a two year holding period.
If options vest they will normally be exercisable until the tenth anniversary of the Grant Date.
In the event that dividends are paid in the period between the Grant Date and the normal vesting date (or, where Shares under an option are subject to a holding period, the earlier of the date of expiry of the holding period or the date of exercise of the option), the number of shares awarded will be increased to reflect the dividends that would have accrued had they been reinvested in shares.
This Notification is made in accordance with the requirements of the UK Market Abuse Regulation. The Notification of Dealing Forms for each PDMR can be found below.
For further information please contact:
Diane Kwon
Assistant Company Secretary
Tel: 01923 656600
Notification of Dealing Forms
| 1 | Details of the person discharging managerial responsibilities/ person closely associated | ||||||
| a) | Name | David Wood | |||||
| 2 | Reason for the notification | ||||||
| a) | Position/Status | PDMR | |||||
| b) | Initial notification/Amendment | Initial Notification | |||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||
| a) | Name | Wickes Group plc | |||||
| b) | LEI | 213800IEX9ZXJRAOL133 | |||||
| 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 transaction have been conducted | ||||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 10 pence each
ISIN: GB00BL6C2002 | |||||
| b) | Nature of the transaction | Grant of options under the Wickes Deferred Annual Bonus Plan and the Wickes Long Term Incentive Plan | |||||
| c) | Price(s) and volume (s) | | | ||||
| Price(s) | Volume(s) | ||||||
| £1.5022 | DABP 142,449 LTIP 714,285 | ||||||
| d) | Aggregated information
-Aggregated volume
-Price | | | | |||
| Aggregate Price | Aggregate Volume | Aggregate Total | |||||
| £1.5022 | 856,734 | £1,286,985.81 | |||||
| e) | Date of the transaction | 27 March 2024 | |||||
| f) | Place of the transaction | Outside of a trading venue | |||||
| 1 | Details of the person discharging managerial responsibilities/ person closely associated | ||||||
| a) | Name | Mark George | |||||
| 2 | Reason for the notification | ||||||
| a) | Position/Status | PDMR | |||||
| b) | Initial notification/Amendment | Initial Notification | |||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||
| a) | Name | Wickes Group plc | |||||
| b) | LEI | 213800IEX9ZXJRAOL133 | |||||
| 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 transaction have been conducted | ||||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 10 pence each
ISIN: GB00BL6C2002 | |||||
| b) | Nature of the transaction | Grant of options under the Wickes Deferred Annual Bonus Plan and the Wickes Long Term Incentive Plan | |||||
| c) | Price(s) and volume (s) | | | ||||
| Price(s) | Volume(s) | ||||||
| £1.5022 | DABP 90,243 LTIP 405,005 | ||||||
| d) | Aggregated information
-Aggregated volume
-Price | | | | |||
| Aggregate Price | Aggregate Volume | Aggregate Total | |||||
| £1.5022 | 495,248 | £743,961.55 | |||||
| e) | Date of the transaction | 27 March 2024 | |||||
| f) | Place of the transaction | Outside of a trading venue | |||||
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