REG - Frasers Group PLC - Employee Benefit Trust Purchase of Employee Shares

FrasersAnnouncement

01/05/2020 14:00

RNS Number : 7003L
  
Frasers Group PLC
  
01 May 2020
  
 

Date: 1 May 2020
FRASERS GROUP PLC 
(the "Company")
 
PURCHASE BY THE SPORTS DIRECT EMPLOYEE BENEFIT TRUST OF EMPLOYEE SHARES
On 30 April 2020, a total of 19,875 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 19,875 shares sold by the participants following exercise were acquired by Estera Trust (Jersey) Limited as Trustee of the Sports Direct 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 260 pence per Share (being an amount equal to the mid-market closing price of a Share on 30 April 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.
 
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Frasers Group plc
Tom Piper, Company Secretary
LEI: 213800JEGHHEAXIJDX34


 
T. 0344 245 9200
E. investor.relations@sportsdirect.com
 




 


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