Watches of Switzlnd. - Director/PDMR Shareholding
WATCHES OF SWITZERLAND GROUP PLC (the 'Company')
DIRECTOR/PDMR SHAREHOLDING
The Company announces that it has awarded on
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 |
Nil |
|
|
16% |
|
Between 157.1 pence and 174.0 pence |
Between 16% and 80% on a straight-line basis |
|
|
80% |
The ROCE Performance Awards will Vest as follows
|
Average ROCE |
Percentage of Award Vesting |
|
Less than 17.1% |
Nil |
|
17.1% |
4% |
|
Between 17.1% and 18.9% |
Between 4% and 20% on a straight-line basis |
|
18.9% or more |
20% |
The Awards will vest in
The following information is given in accordance with Article 19.3 of the Market Abuse Regulation and is made on behalf of
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
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a)
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Name
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|
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2
|
Reason for the notification
|
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a)
|
Position/status
|
Chief Executive Officer |
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|
b)
|
Initial notification /Amendment
|
Initial |
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|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
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a)
|
Name |
Watches of Switzerland Group PLC |
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|
b)
|
LEI |
2138008ZOT5K9PJW7168 |
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|
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
|
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|
a)
|
Description of the financial instrument, type of instrument |
Ordinary Shares of |
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|
|
|
||||
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Identification code |
GB00BJDQQ870 |
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|
|
|
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b)
|
Nature of the transaction
|
An award of nil cost options, granted under the Company's 2019 Long Term incentive Plan. |
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c)
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Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
£nil |
128,810 |
|
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|
|
|
|
|
|
|
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d)
|
Aggregated information |
|
|||
|
|
|
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|
- Aggregated volume |
128,810 |
||||
|
|
|
||||
|
- Price |
£nil |
||||
|
|
|
||||
|
e)
|
Date of the transaction |
|
|||
|
f)
|
Place of the transaction |
XLON |
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The following information is given in accordance with Article 19.3 of the Market Abuse Regulation and is made on behalf of
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
||||
|
a)
|
Name
|
|
|||
|
2
|
Reason for the notification
|
||||
|
a)
|
Position/status
|
Chief Financial Officer |
|||
|
b)
|
Initial notification /Amendment
|
Initial |
|||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
||||
|
a)
|
Name |
Watches of Switzerland Group PLC |
|||
|
b)
|
LEI |
2138008ZOT5K9PJW7168 |
|||
|
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 |
Ordinary Shares of |
|||
|
|
|
||||
|
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) |
|
|
|
|
|
£nil |
85,659 |
|
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information |
|
|||
|
|
|
||||
|
- Aggregated volume |
85,659 |
||||
|
|
|
||||
|
- Price |
£nil |
||||
|
|
|
||||
|
e)
|
Date of the transaction |
|
|||
|
f)
|
Place of the transaction |
XLON |
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Enquiries:
Company Secretary and General Counsel Headland
T: 0207 317 4600 T: 0203 805 4822
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