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Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £3.00bn
Enterprise Value £3.98bn
Revenue £3.81bn
Position in Universe 251st / 1828

Frasers Group PLC - Employee Benefit Trust Purchase of Employee Shares

Thu 1st April, 2021 2:06pm
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

LEI: 213800JEGHHEAXIJDX34

 

T. 0344 245 9200

E. investor.relations@frasers.group

 

 

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