Source - LSE Regulatory
RNS Number : 9876H
Brown (N.) Group PLC
09 August 2021
 

09 August 2021

N BROWN GROUP PLC - GRANT OF NIL COST OPTIONS

N Brown Group plc announces that on 06 August 2021 nil cost options were granted to its Chief Executive Officer, Steve Johnson, over 1,307,196 shares and its Chief Financial Officer, Rachel Izzard, over 897,095 shares ("Awards") under the terms of the N Brown Group plc 2014 Long-Term Incentive Plan.

The number of shares placed under Award was based on the closing mid-market price for the preceding day which was 49.5 pence.

The performance conditions and targets for the 2021 Awards are as follows:

 

Percentage of each part of the award that will vest

TSR

Relative TSR compared to the FTSE SmallCap Excluding Investment Trusts

Adjusted EPS

Growth from FY21 to FY24**

Weighting

 

50%

50%

Below threshold

0%

Ranking below median

Less than 4% CAGR

Threshold*

25%

Ranking at median

At least 4% CAGR

Maximum*

100%

Ranking at upper quartile or above

12% CAGR or above

*For performance that is between the threshold and maximum levels, awards vest on a straight-line basis

** CAGR - Compound Annual Growth Rate.

 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Stephen Johnson

2

 

Reason for the notification

 

a)

 

Position/status

 

 

CEO, N Brown Group Plc

b)

 

Initial notification /Amendment

 

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

N Brown Group Plc

b)

 

LEI

 

 

213800QFPJQF2NUVAP09

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 instrument

Nil cost options over Ordinary shares of 11 1/19 pence



Identification code

GB00B1P6ZR11

 


b)

 

Nature of the transaction

 

 

Grant of options

c)

 

Price(s) and volume(s)

 

 

 

 


 

Price(s)

Volume(s)

 


 

Nil cost options

1,307,196

 


 

 

 

 

d)

 

Aggregated information




- Aggregated volume

N/A- single transaction



- Price




e)

 

Date of the transaction

 

 

06 August 2021

f)

 

Place of the transaction

 

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Rachel Izzard

2

 

Reason for the notification

 

a)

 

Position/status

 

 

CFO, N Brown Group Plc

b)

 

Initial notification /Amendment

 

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

N Brown Group Plc

b)

 

LEI

 

 

213800QFPJQF2NUVAP09

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 instrument

Nil cost options over Ordinary shares of 11 1/19 pence



Identification code

GB00B1P6ZR11

 


b)

 

Nature of the transaction

 

 

Grant of options

c)

 

Price(s) and volume(s)

 

 

 

 


 

Price(s)

Volume(s)

 


 

Nil cost options

897,095

 


 

 

 

 

d)

 

Aggregated information




- Aggregated volume

N/A- single transaction



- Price




e)

 

Date of the transaction

 

 

06 August 2021

f)

 

Place of the transaction

 

 

Outside a trading venue

 

For further information:

Theresa Casey

General Counsel and Company Secretary, N Brown Group plc

+44(0)161 238 2298

Shore Capital - Nomad and Broker

Dru Danford / Stephane Auton / Daniel Bush / John More

+44(0) 20 7408 4090

 

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