REG - Dr. Martens PLC - Director/PDMR Shareholding

Dr MartensAnnouncement

16/04/2025 16:00

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RNS Number : 3349F  Dr. Martens PLC  16 April 2025

Dr. Martens plc

Director/PDMR Shareholding

Notification of Transactions by Director/Person Discharging Managerial
Responsibility

Dr. Martens plc (the 'Company') announces that it has been notified of the
following transaction(s) in the Company's Ordinary 1p shares undertaken on
behalf of a director and person discharging managerial responsibility
('PDMR').

 

On 15 April 2025, a tranche of restricted stock units ('RSUs') granted to Ije
Nwokorie under the Company's Long Term Incentive Plan ('LTIP') prior to his
appointment as Chief Executive Officer vested and sufficient shares were
subsequently sold on his behalf to cover his consequent tax and national
insurance liabilities.

This tranche constitutes a portion of the RSU award which was granted to Ije
on 14 June 2024 in lieu of outstanding incentive awards he forfeited on
leaving his previous employer (the 'Award'). The Award was made pursuant to
the buyout arrangements agreed to secure Ije's recruitment to his previous
role as Chief Brand Officer, which he held from February 2024 until rejoining
the Board as Chief Executive Officer in January 2025, and in line with the
stipulations of the Company's Remuneration Policy that 'buyout awards' be
granted on a like-for-like basis to the extent possible. Full details of
awards made to Ije under the LTIP will be disclosed in the Directors'
Remuneration Report within the FY25 Annual Report, scheduled to be released in
June 2025.

The relevant notifications, set out below, are provided in accordance with the
requirements of Article 19 of the Market Abuse Regulation.

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Ije Nwokorie
 2   Reason for the notification
 a)  Position/status                                              PDMR (Chief Executive Officer)
 b)  Initial notification/Amendment                               Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Dr. Martens plc
 b)  LEI                                                          213800QPT8YM6NQZPH28
 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 financial instrument, type of instrument  Ordinary shares of GBP 0.01

     Identification code                                          ISIN: GB00BL6NGV24
 b)  Nature of the transaction                                    Acquisition of shares following vesting of restricted stock units
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Nil       621,911

 d)  Aggregated information

- Aggregated volume

                                                            N/A - single transaction

- Price
 e)  Date of the transaction                                      15 April 2025
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

 -  Aggregated volume

 -  Price

 

N/A - single transaction

e)

Date of the transaction

15 April 2025

f)

Place of the transaction

Outside a trading venue

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Ije Nwokorie
 2   Reason for the notification
 a)  Position/status                                              PDMR (Chief Executive Officer)
 b)  Initial notification/Amendment                               Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Dr. Martens plc
 b)  LEI                                                          213800QPT8YM6NQZPH28
 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 financial instrument, type of instrument  Ordinary shares of GBP 0.01

     Identification code                                          ISIN: GB00BL6NGV24
 b)  Nature of the transaction                                    Sale of sufficient shares acquired from vesting of restricted stock units to
                                                                  cover tax and national insurance liabilities.
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  0.509239  293,328

 d)  Aggregated information

- Aggregated volume

                                                            N/A - single transaction

- Price
 e)  Date of the transaction                                      15 April 2025
 f)  Place of the transaction                                     XLON

d)

Aggregated information

 -  Aggregated volume

 -  Price

 

N/A - single transaction

e)

Date of the transaction

15 April 2025

f)

Place of the transaction

XLON

 

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