Source - LSE Regulatory
RNS Number : 1189P
Frasers Group PLC
14 October 2021
 

14 October 2021

 

FRASERS GROUP PLC

("Frasers Group" or the "Group")

 

Director/PDMR Shareholding

On 14 October 2021 conditional share awards ("Awards") over ordinary shares of 10p each in Frasers Group ("Shares") were granted under the Frasers Executive Share Scheme ("Scheme") to the following director and person discharging managerial responsibilities:

Director/ PDMR

Position

Number of Shares

subject to Award

Christopher Wootton

Chief Financial Officer

600,000

 

The Awards have been granted under the Scheme which aims to incentivise exceptional performance. In particular, the Awards will be subject to continued service and a share price target of £12. The target share price required for vesting is considered stretching (being £2 above the target of £10 for the employee Fearless 1000 plan that was launched in 2020) and will therefore reward sustained performance over the long-term.

In addition to the share price performance measure, the Awards are also subject to two underpins requiring: (i) satisfactory performance ratings for each participant; and (ii) anticipated delivery of our elevation strategy. The purpose of the underpins is to ensure that a minimum level of performance is achieved before an Award may vest (in addition to achievement of the share price performance target).

Further details, including a summary of the principal terms of the Scheme, are set out in the notice to the 2021 AGM.

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014 (as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018).

1

Details of the persons discharging managerial responsibilities person closely associated

a)

Name

 Christopher Wootton

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

Frasers Group plc

b)

LEI

213800JEGHHEAXIJDX34

4

Details of the transaction(s): section to be repeated for (i) each type ofinstrument; (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

Ordinary shares of 10p each in Frasers Group

Identification code

GB00B1QH8P22

b)

Nature of the transaction

Grant of an Award under the Frasers Executive Share Scheme.

c)

Price(s) and volume(s)

 

Price(s)

Volumes

 

 

600,000

 

 

 

d)

Aggregated information

- Aggregated volume 

- Price 

 

-     600,000

-     Nil

e)

Date of the transaction

14 October 2021

f)

Place of the transaction

Outside a trading venue

 

Frasers Group plc

Tom Piper, Company Secretary                                      T. 0344 245 9200

LEI: 213800JEGHHEAXIJDX34                                      E. investor.relations@frasers.group 

 

 

 

 

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
 
 
DSHFFIFSLEFSELS
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account.