Frasers Group PLC Employee Benefit Trust Purchase of Employee Shares (7426N)
February 02 2021 - 06:56AM
UK Regulatory
TIDMFRAS
RNS Number : 7426N
Frasers Group PLC
02 February 2021
Date: 2 February 2021
FRASERS GROUP PLC
(the "Company")
PURCHASE BY THE FRASERS GROUP PLC EMPLOYEE BENEFIT TRUST OF
EMPLOYEE SHARES
On 29 January 2021, a total of 9,585 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 9,585 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 427.2 pence per
Share (being an amount equal to the mid-market closing price of a
Share on 29 January 2021) 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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