TIDMFRAS

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 GBP12. The target share price required for vesting is considered stretching (being GBP2 above the target of GBP10 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 
        I person closely associated 
 a)    N a me                       Christopher Wootton 
     ----------------------------  ---------------------------------------------- 
 2     Reason for the notification 
     ---------------------------------------------------------------------------- 
 a)    Position / st a tus                  Chief Financial Officer 
     ----------------------------  ---------------------------------------------- 
 b)    Initial notification          Initial notification 
        / amendment 
     ----------------------------  ---------------------------------------------- 
 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 fina      Ordinary shares of 10p each in Frasers Group 
        n cial instrume nt , 
        type of ins t rument 
     ----------------------------  ---------------------------------------------- 
       Identification code          GB00B1QH8P22 
     ----------------------------  ---------------------------------------------- 
 b)    Nature of t h e transact     Grant of an Award under the Frasers Executive 
        i o n                        Share Scheme. 
     ----------------------------  ---------------------------------------------- 
 c)    Price(s) a n d vo l ume(s)     Price(s)       Vo l umes 
                                            1. Nil    600,000 
                                                     ---------- 
     ----------------------------  ---------------------------------------------- 
 d)    Aggregated information 
        - Aggregated volume             *    600,000 
        - Price 
 
                                        *    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 

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October 14, 2021 10:00 ET (14:00 GMT)

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