Frasers Group PLC Employee Benefit Trust Purchase of Employee Shares (1449H)
December 01 2020 - 8:02AM
UK Regulatory
TIDMFRAS
RNS Number : 1449H
Frasers Group PLC
01 December 2020
Date: 01 December 2020
FRASERS GROUP PLC
(the "Company")
PURCHASE BY THE FRASERS GROUP PLC EMPLOYEE BENEFIT TRUST OF
EMPLOYEE SHARES
On 30 November 2020 a total of 15,563 ordinary shares of 10
pence each in the Company ("Shares") were acquired by two
participants following the exercise of an award under the Company's
share schemes. The 15,563 shares sold by the participants 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 421.8 pence per
Share (being an amount equal to the mid-market closing price of a
Share on 30 November 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 T. 0344 245 9200
LEI: 213800JEGHHEAXIJDX34 E. investor.relations@frasers.group
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