REG - Frasers Group PLC - Director/PDMR Shareholding

FrasersAnnouncement

21/03/2023 07:00

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RNS Number : 5943T  Frasers Group PLC  21 March 2023

FRASERS GROUP PLC

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

Frasers Group plc ("the Company") announces that MASH Holdings Limited
("MASH"), a company through which Mike Ashley holds shares in the Company, has
notified the Company that MASH has granted a pledge in favour of HSBC Private
Bank over 26,492,540 Ordinary Shares in the Company, representing
approximately 5.61% of the Company's issued share capital (excluding shares
held in treasury), as security for any amounts which may be due from time to
time under a derivatives trading facility. Mike Ashley remains the beneficial
owner of the Ordinary Shares subject to the pledge and retains full voting
rights over these shares.

As described in the disclosures below, MASH has also notified the Company that
MASH has on 17 March 2023 sold share settled put options over 500,000 Ordinary
Shares equivalent with a strike price of 800p and expiry of September 2023 and
also on 20 March 2023 sold share settled put options over an additional
500,000 Ordinary Shares equivalent with a strike price of 800p and an expiry
of September 2023.

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         MASH Holdings Limited

 2    Reason for the notification

 a)   Position/status                                              PCA with Michael Ashley, a PDMR

 b)   Initial notification /Amendment                              Initial Notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Frasers Group PLC

 b)   LEI                                                          213800JEGHHEAXIJDX34

 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  Financial Instrument (Put Options)

      Identification code                                          GB00B1QH8P22

 b)   Nature of the transaction                                    Sale of share settled put options over 500,000 Ordinary Shares equivalent with

                                                            an expiry of September 2023 and a strike price of 800p

 c)   Price(s) and volume(s)

                                                                                     Price(s)                            Volume(s)
                                                                                     £8.00                               500,000

 d)   Aggregated information                                       Aggregated Volume   500,000

                                                                                       Price         £4,000,000

 e)   Date of the transaction                                      17 March 2023

 f)   Place of the transaction                                     Outside a trading venue

 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

      Identification code                                          GB00B1QH8P22

 b)   Nature of the transaction                                    Pledge in favour of HSBC Private Bank over 26,492,540 Ordinary Shares in the

                                                            Company, representing approximately 5.61% of the Company's issued share
                                                                   capital (excluding shares held in treasury) as security for any amounts which

                                                            may be due from time to time under a derivatives trading facility.

 c)   Price(s) and volume(s)

                                                                                     Price(s)                            Volume(s)
                                                                                     £0.00                               26,492,540

 d)   Aggregated information
                                                                   Aggregated Volume    26,492,540

                                                                                       Price         £0.00

 e)   Date of the transaction                                      17 March 2023

 f)   Place of the transaction                                     Outside a trading venue

 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  Financial Instrument (Put Options)

      Identification code                                          GB00B1QH8P22

 b)   Nature of the transaction                                    Sale of share settled put options over 500,000 Ordinary Shares equivalent with

                                                            an expiry of September 2023 and a strike price of 800p

 c)   Price(s) and volume(s)

                                                                                     Price(s)                            Volume(s)
                                                                                     £8.00                               500,000

 d)   Aggregated information                                       Aggregated Volume   500,000

                                                                                       Price         £4,000,000

 e)   Date of the transaction                                      20 March 2023

 f)   Place of the transaction                                     Outside a trading venue

 

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