Brown (N.) Group PLC Director/PDMR Shareholding (6960N)
August 10 2017 - 8:59AM
UK Regulatory
TIDMBWNG
RNS Number : 6960N
Brown (N.) Group PLC
10 August 2017
N Brown Group plc
("N Brown" or the "Company")
Grant of nil cost options
N Brown announces that on 9 August 2017 nil cost options were
granted to its Chief Executive, Angela Spindler over 254,918 shares
and its Group Chief Financial Officer, Craig Lovelace over 133,915
shares ("Awards") under the terms of the N Brown Group plc 2014
Long-Term Incentive Plan.
The number of shares placed under Award was based on the closing
mid-market price for the preceding day which was 326.3 pence.
The performance conditions and targets for the 2017 Awards are
therefore as follows:
Annual growth in Free cashflow is Annual growth in total
Percentage of each part adjusted EPS in excess defined as cashflow revenue over 3
of the award that will of RPI over 3 generated from financial years
vest financial years operations excluding
receivables.
Targets are cumulative
over 3 financial years
----------------- ------------------------ ----------------------- ----------------------- -----------------------
Weighting 50% 30% 20%
------------------------------------------- ----------------------- ----------------------- -----------------------
Below threshold 0% Less than RPI +2.5% Less than GBP370m Less than 5% CAGR
----------------- ------------------------ ----------------------- ----------------------- -----------------------
Threshold* 25% At least RPI +2.5% At least GBP370m At least 5% CAGR
----------------- ------------------------ ----------------------- ----------------------- -----------------------
Maximum* 100% At least RPI +9% At least GBP450m At least 9% CAGR
----------------- ------------------------ ----------------------- ----------------------- -----------------------
*For performance that is between the threshold and maximum
levels, awards vest on a straight-line basis.
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 Angela Spindler
--- ------------------ --------------------------------------
2 Reason for the notification
--- ----------------------------------------------------------
a) Position/status Chief Executive
--- ------------------ --------------------------------------
b) Initial Initial notification
notification
/Amendment
--- ------------------ --------------------------------------
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 Nil cost options over Ordinary Shares
of the financial of 11 1/19 pence
instrument, ISIN: GB00B1P6ZR11
type of
instrument
Identification
code
--- ------------------ --------------------------------------
b) Nature of Grant of options
the transaction
--- ------------------ --------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ---------- ----------
Nil Cost
Options 254,918
---------- ----------
--- ------------------ --------------------------------------
d) Aggregated
information N/A - single transaction
- Aggregated
volume
- Price
--- ------------------ --------------------------------------
e) Date of 9 August 2017
the transaction
--- ------------------ --------------------------------------
f) Place of London Stock Exchange, Main Market
the transaction
--- ------------------ --------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------
a) Name Craig Lovelace
--- ------------------ --------------------------------------
2 Reason for the notification
--- ----------------------------------------------------------
a) Position/status Group Chief Financial Officer
--- ------------------ --------------------------------------
b) Initial Initial notification
notification
/Amendment
--- ------------------ --------------------------------------
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 Nil cost options over Ordinary Shares
of the financial of 11 1/19 pence
instrument, ISIN: GB00B1P6ZR11
type of
instrument
Identification
code
--- ------------------ --------------------------------------
b) Nature of Grant of options
the transaction
--- ------------------ --------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ---------- ----------
Nil Cost
Options 133,915
---------- ----------
--- ------------------ --------------------------------------
d) Aggregated
information N/A - single transaction
- Aggregated
volume
- Price
--- ------------------ --------------------------------------
e) Date of 9 August 2017
the transaction
--- ------------------ --------------------------------------
f) Place of London Stock Exchange, Main Market
the transaction
--- ------------------ --------------------------------------
- Ends -
For further information:
ENQUIRIES: Laura McNeil 0161 238 2563
This information is provided by RNS
The company news service from the London Stock Exchange
END
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