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Frasers Group PLC - Employee Benefit Trust Purchase of Employee Shares

RNS Number : 8539A
Frasers Group PLC
01 October 2020
 

Date: 01 October 2020

FRASERS GROUP PLC

(the "Company")

 

PURCHASE BY THE FRASERS GROUP PLC EMPLOYEE BENEFIT TRUST OF EMPLOYEE SHARES

On 30 September 2020, a total of 1,943 ordinary shares of 10 pence each in the Company ("Shares") were acquired by one participant following the exercise of an award under the Company's share schemes. The 1,943 shares sold by the participant  following exercise were acquired by Estera Trust (Jersey) Limited as Trustee of the Frasers Group plc Employee Benefit Trust (the "Trustee"), with the acquisition being funded by a loan advanced by the Company. The Shares were acquired at a price of 344.60 pence per Share (being an amount equal to the mid-market closing price of a Share on 30 September 2020) in an off-market transaction effected in Jersey. The Trustee has purchased these Shares in order to help meet future obligations arising under the Company's share schemes.

 

-Ends-

Frasers Group plc

Tom Piper, Company Secretary

LEI: 213800JEGHHEAXIJDX34

 

T. 0344 245 9200

E. [email protected]

 

 

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Quick facts: Frasers Group PLC

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Market: LSE
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