REG - Brown (N.) Group PLC - Grant of Nil Cost Options

N BrownAnnouncement

07/08/2023 15:45

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RNS Number : 5505I  Brown (N.) Group PLC  07 August 2023

7 August 2023

N BROWN GROUP PLC - GRANT OF NIL COST OPTIONS

N Brown Group Plc ("N Brown" or the "Company"), a top 10 UK clothing &
footwear digital retailer, announces that on 7 August 2023 nil cost options
were granted to its Chief Executive Officer, Steve Johnson, over 1,521,300
shares and its Chief Financial Officer, Dominic Appleton, over 951,087 shares
("Awards") under the terms of the N Brown Group plc Share Plan 2023.

The number of shares placed under Award was based on the closing mid-market
price for the preceding day which was 23.00 pence.

The Awards shall vest on the third anniversary of grant subject to a continued
service with a two-year holding period thereafter, and are subject to a
performance underpin prior to vesting.

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  1,521,300

 d)   Aggregated information

      - Aggregated volume                                          N/A- single transaction

      - Price

 e)   Date of the transaction                                      7 August 2023

 f)   Place of the transaction                                     Outside a trading venue

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Dominic Appleton

 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  951,087

 d)   Aggregated information

      - Aggregated volume                                          N/A- single transaction

      - Price

 e)   Date of the transaction                                      07 August 2023

 f)   Place of the transaction                                     Outside a trading venue

 

 

For further information:

 N Brown Group
 David Fletcher, Head of Investor Relations       +44 (0)7876 111242

 MHP
 James McFarlane/ Eleni Menikou / Charles Hirst   +44 (0) 20 3128 8789

                                                  NBrown@mhpc.com
 Shore Capital - Nomad and Broker
 Stephane Auton / Daniel Bush / Rachel Goldstein  +44 (0) 20 7408 4090

 

 About N Brown Group:

N Brown is a top 10 UK clothing & footwear digital retailer headquartered
in Manchester and employing over 1,700 people nationwide.  Through our
strategic retail brands including JD Williams, Simply Be and Jacamo, we take
pride in championing inclusivity. Our customer-first shopping experience,
supported by our innovative financial services proposition, is designed to
deliver choice, affordability, and value to our customers.

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