Brown (N.) Group PLC Director/PDMR Shareholding (9876H)
August 09 2021 - 3:00AM
UK Regulatory
TIDMBWNG
RNS Number : 9876H
Brown (N.) Group PLC
09 August 2021
09 August 2021
N BROWN GROUP PLC - GRANT OF NIL COST OPTIONS
N Brown Group plc announces that on 06 August 2021 nil cost
options were granted to its Chief Executive Officer, Steve Johnson,
over 1,307,196 shares and its Chief Financial Officer, Rachel
Izzard, over 897,095 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 49.5 pence.
The performance conditions and targets for the 2021 Awards are
as follows:
Percentage TSR Adjusted EPS
of each part Relative TSR compared Growth from FY21
of the award to the FTSE SmallCap to FY24**
that will Excluding Investment
vest Trusts
Weighting 50% 50%
----------------------- ------------------
Below threshold 0% Ranking below median Less than 4% CAGR
--------------- ----------------------- ------------------
Threshold* 25% Ranking at median At least 4% CAGR
--------------- ----------------------- ------------------
Maximum* 100% Ranking at upper 12% CAGR or above
quartile or above
--------------- ----------------------- ------------------
*For performance that is between the threshold and maximum
levels, awards vest on a straight-line basis
** CAGR - Compound Annual Growth Rate.
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 Stephen Johnson
--------------------------------- --------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------
a) Position/status CEO, N Brown Group Plc
--------------------------------- --------------------------------------------
b) Initial notification Initial 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 of the Nil cost options over Ordinary shares
financial instrument, of 11 1/19 pence
type of instrument
Identification code GB00B1P6ZR11
b) Nature of the transaction Grant of options
--------------------------------- --------------------------------------------
c) Price(s) and volume(s)
-------------------------- -------------
Price(s) Volume(s)
-------------------------- -------------
Nil cost options 1,307,196
----------------------------------------------------------------- -------------
d) Aggregated information
- Aggregated volume N/A- single transaction
- Price
e) Date of the transaction 06 August 2021
--------------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------- --------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Rachel Izzard
--------------------------------- --------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------
a) Position/status CFO, N Brown Group Plc
--------------------------------- --------------------------------------------
b) Initial notification Initial 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 of the Nil cost options over Ordinary shares
financial instrument, of 11 1/19 pence
type of instrument
Identification code GB00B1P6ZR11
b) Nature of the transaction Grant of options
--------------------------------- --------------------------------------------
c) Price(s) and volume(s)
-------------------------- -------------
Price(s) Volume(s)
-------------------------- -------------
Nil cost options 897,095
----------------------------------------------------------------- -------------
d) Aggregated information
- Aggregated volume N/A- single transaction
- Price
e) Date of the transaction 06 August 2021
--------------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------- --------------------------------------------
For further information:
Theresa Casey
General Counsel and Company Secretary, N Brown Group plc
+44(0)161 238 2298
Shore Capital - Nomad and Broker
Dru Danford / Stephane Auton / Daniel Bush / John More
+44(0) 20 7408 4090
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