REG - Brown (N.) Group PLC - Director/PDMR Shareholding

N BrownAnnouncement

09/08/2022 09:00

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RNS Number : 3934V  Brown (N.) Group PLC  09 August 2022

09 August 2022

N BROWN GROUP PLC - GRANT OF NIL COST OPTIONS

N Brown Group plc announces that on 08 August 2022 nil cost options were
granted to its Chief Executive Officer, Steve Johnson, over 2,613,625 shares
and its Chief Financial Officer, Rachel Izzard, over 1,793,664 shares
("Awards") under the terms of the N Brown Group plc 2014 Long-Term Incentive
Plan.

The number of shares placed under Award was based on the closing mid-market
price for the preceding day which was 25.50 pence.

The performance conditions and targets for the 2022 Awards are as follows:

                  Percentage of each part of the award that will vest  Adjusted EPS as at the end of FY25

 Below threshold  0%                                                   Less than 6.6 pence
 Threshold*       25%                                                  6.6 pence
 Maximum*         100%                                                 9.5 pence and above

*For performance that is between the threshold and maximum levels, awards vest
on a straight-line basis

 

The notification below, made in accordance with the requirements of the UK
Market Abuse Regulation, provides further detail.

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

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Stephen Johnson

 2    Reason for the notification

 a)   Position/status                                              CEO, N Brown Group Plc

 b)   Initial notification /Amendment                              Initial Notification

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

    platform, auctioneer or auction monitor

 a)   Name                                                         N Brown Group Plc

 b)   LEI                                                          213800QFPJQF2NUVAP09

 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  Nil cost options over Ordinary shares of 11 1/19 pence

      Identification code                                          GB00B1P6ZR11

 b)   Nature of the transaction                                    Grant of options

 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     Nil cost options  2,613,625

 d)   Aggregated information

      - Aggregated volume                                          N/A- single transaction

      - Price

 e)   Date of the transaction                                      08 August 2022

 f)   Place of the transaction                                     Outside a trading venue

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Rachel Izzard

 2    Reason for the notification

 a)   Position/status                                              CFO, N Brown Group Plc

 b)   Initial notification /Amendment                              Initial Notification

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

    platform, auctioneer or auction monitor

 a)   Name                                                         N Brown Group Plc

 b)   LEI                                                          213800QFPJQF2NUVAP09

 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  Nil cost options over Ordinary shares of 11 1/19 pence

      Identification code                                          GB00B1P6ZR11

 b)   Nature of the transaction                                    Grant of options

 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     Nil cost options  1,793,664

 d)   Aggregated information

      - Aggregated volume                                          N/A- single transaction

      - Price

 e)   Date of the transaction                                      08 August 2022

 f)   Place of the transaction                                     Outside a trading venue

 

For further information:

Michael Mustard

General Counsel and Company Secretary, N Brown Group plc

+44(0)161 238 2298

Shore Capital - Nomad and Broker

Stephane Auton / Daniel Bush / John More

+44(0) 20 7408 4090

 

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