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

FrasersAnnouncement

02/12/2021 09:20

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RNS Number : 3618U  Frasers Group PLC  02 December 2021

Date:2 December 2021

FRASERS GROUP PLC

(the "Company")

 

PURCHASE BY THE FRASERS GROUP PLC EMPLOYEE BENEFIT TRUST OF EMPLOYEE SHARES

On 30 November 2021, a total of 10,125  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 10,125 shares sold by the
participant following exercise were acquired by Ocorian 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 680  pence per Share (being an amount
equal to the mid-market closing price of a Share on 30 November) 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 (mailto:investor.relations@frasers.group)

 

 

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