Watches of Switzerland Group PLC Director/PDMR Shareholding (3728W)
11 Diciembre 2023 - 7:00AM
UK Regulatory
TIDMWOSG
RNS Number : 3728W
Watches of Switzerland Group PLC
11 December 2023
WATCHES OF SWITZERLAND GROUP PLC (the 'Company')
DIRECTOR/PDMR SHAREHOLDING
The Company announces that it has awarded on 11 December 2023
nil cost op tions to its Executive Directors under the Company's
2019 Long Term Incentive Plan (the 'Awards').
The Performance Target for the Awards consists of the following
elements:
-- 80% of the Awards will Vest depending on the Company's
Cumulative EPS performance against targets (the "EPS Performance
Award").
-- 20% of the Awards will Vest depending on the Company's
Average ROCE performance against targets (the "ROCE Performance
Award").
The EPS Performance Awards will Vest as follows
Cumulative EPS Percentage of Award Vesting
Less than 189.9 pence Nil
---------------------------------------
189.9 pence 16%
---------------------------------------
Between 189.9 pence and Between 16% and 80% on a straight-line
209.9 pence basis
---------------------------------------
209.9 pence or more 80%
---------------------------------------
The ROCE Performance Awards will Vest as follows
Average ROCE Percentage of Award Vesting
Less than 23.7% Nil
--------------------------------------
23.7% 4%
--------------------------------------
Between 23.7% and 26.2% Between 4% and 20% on a straight-line
basis
--------------------------------------
26.2% or more 20%
--------------------------------------
The Awards will vest in July 2026 after a performance
measurement period of three financial years (FY 2024 to FY 2026)
and there is a Holding Period of two years from the vesting
date.
The following information is given in accordance with Article
19.3 of the Market Abuse Regulation and is made on behalf of Brian
Duffy a PDMR, in the Watches of Switzerland Group PLC under article
19.1 of the Market Abuse Regulation ('MAR').
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Brian Duffy
--------------------------------------- --------------------------------------------
Reason for the notification
2
-------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
--------------------------------------- --------------------------------------------
b) Initial notification Initial
/Amendment
--------------------------------------- --------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------
a) Name Watches of Switzerland Group PLC
--------------------------------------- --------------------------------------------
b) LEI 2138008ZOT5K9PJW7168
--------------------------------------- --------------------------------------------
Details of the transaction(s): section to be repeated
4 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 GBP0.0125 each
financial instrument,
type of instrument
Identification code GB00BJDQQ870
b) Nature of the transaction An award of nil cost options, granted
under the Company's 2019 Long Term
incentive Plan.
--------------------------------------- --------------------------------------------
c) Price(s) and volume(s)
-------------------- -------------------
Price(s) Volume(s)
-------------------- -------------------
GBPnil 149,365
----------------------------------------------------------------- -------------------
d) Aggregated information
- Aggregated volume 149,365
- Price GBPnil
e) Date of the transaction 11 December 2023
--------------------------------------- --------------------------------------------
f) Place of the transaction XLON
--------------------------------------- --------------------------------------------
The following information is given in accordance with Article
19.3 of the Market Abuse Regulation and is made on behalf of Anders
Romberg a PDMR, in the Watches of Switzerland Group PLC under
article 19.1 of the Market Abuse Regulation ('MAR').
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Anders Romberg
--------------------------------------- --------------------------------------------
Reason for the notification
2
-------------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
--------------------------------------- --------------------------------------------
b) Initial notification Initial
/Amendment
--------------------------------------- --------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------
a) Name Watches of Switzerland Group PLC
--------------------------------------- --------------------------------------------
b) LEI 2138008ZOT5K9PJW7168
--------------------------------------- --------------------------------------------
Details of the transaction(s): section to be repeated
4 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 GBP0.0125 each
financial instrument,
type of instrument
Identification code GB00BJDQQ870
b) Nature of the transaction An award of nil cost options, granted
under the Company's 2019 Long Term
incentive Plan.
--------------------------------------- --------------------------------------------
c) Price(s) and volume(s)
-------------------- -------------------
Price(s) Volume(s)
-------------------- -------------------
GBPnil 99,327
----------------------------------------------------------------- -------------------
d) Aggregated information
- Aggregated volume 99,327
- Price GBPnil
e) Date of the transaction 11 December 2023
--------------------------------------- --------------------------------------------
f) Place of the transaction XLON
--------------------------------------- --------------------------------------------
Enquiries:
Laura Battley Lucy Legh / Rob Walker / Joanna Clark
Company Secretary and General Counsel Headland
T: 0207 317 4600 T: 0203 805 4822
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END
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(END) Dow Jones Newswires
December 11, 2023 08:00 ET (13:00 GMT)
Watches Of Switzerland (LSE:WOSG)
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Watches Of Switzerland (LSE:WOSG)
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