Frasers Group PLC Employee Benefit Trust Purchase of Employee Shares (3621U)
April 01 2021 - 08:06AM
UK Regulatory
TIDMFRAS
RNS Number : 3621U
Frasers Group PLC
01 April 2021
Date: 1 April 2021
FRASERS GROUP PLC
(the "Company")
PURCHASE BY THE SPORTS DIRECT INTERNATIONAL PLC EMPLOYEE BENEFIT
TRUST OF EMPLOYEE SHARES
On 31 March 2021, a total of 11,250 ordinary shares of 10 pence
each in the Company ("Shares") were acquired by one participant
following the exercise of an award under the Company's share
schemes. The 11,250 shares sold by the participant following
exercise were acquired by Estera Trust (Jersey) Limited as Trustee
of the Sports Direct International 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 460.8 pence per
Share (being an amount equal to the mid-market closing price of a
Share on 31 March 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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