02:00 Mon 09 Nov 2020
Brown (N.) Group PLC - Director/PDMR Shareholding
N BROWN GROUP PLC - GRANT OF NIL COST OPTIONS
N Brown Group plc (the "Company") announces that on
The Awards have been made to
The Awards will have the same vesting dates and the same performance conditions as the awards forfeited. The number of N Brown shares subject to the awards has been determined by taking the value of the IAG shares forfeited on the date of joining N Brown and the value of an N Brown share on the same date.
The performance conditions and targets for the Awards are as follows:
|
| Vesting date | N Brown shares (based on the share price of 14.74p on | Performance conditions to determine vesting |
| 2018 IAG Group PSP Award | | 170,998 | The same performance conditions that determine the vesting of the 2018 IAG Group PSP Award |
| 2019 IAG Group PSP Award | | 482,674 | The same performance conditions that determine the vesting of the 2019 IAG Group PSP Award |
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
| | |||
| 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 | |||
| | | ||||
| Identification code | GB00B1P6ZR11 | ||||
|
| | ||||
| b)
| Nature of the transaction
| Grant of options | |||
| c)
| Price(s) and volume(s) |
|
|
|
|
| |
| Price(s) | Volume(s) |
| |
| |
| Nil cost options | 653,672 |
| |
| |
|
|
|
| |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | N/A- single transaction | ||||
| | | ||||
| - Price | | ||||
| | | ||||
| e)
| Date of the transaction
| | |||
| f)
| Place of the transaction
| Outside a trading venue | |||
For enquiries, please contact:
Tel: +44 (0)161 238 2208
Registered office:
M60 6ES
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