REG - Watches of Switzlnd. - Director/PDMR Shareholding

Watches of SwitzerlandAnnouncement

15/07/2021 15:50

RNS Number : 4196F
  
Watches of Switzerland Group PLC
  
15 July 2021
  
 

WATCHES OF SWITZERLAND GROUP PLC (the 'Company')
DIRECTOR/PDMR SHAREHOLDING
 
The Company has awarded nil cost options under the 2019 Long Term Incentive Plan (the 'Award').
 
The Performance Target for the Award consists of the following elements:
·      80% of the Award will Vest depending on the Company's Cumulative EPS performance against targets (the "EPS Performance Award").
·      20% of the Award will Vest depending on the Company's Average ROCE performance against targets (the "ROCE Performance Award").  
The EPS Performance Award will Vest as follows 




Cumulative EPS


Percentage of Award Vesting




Less than 103.7 pence


Nil




103.7 pence 


16%




Between 103.7 pence and 114.6 pence


Between 16% and 80% on a straight-line basis




114.6 pence or more


80%




 
The ROCE Performance Award will Vest as follows 




Average ROCE


Percentage of Award Vesting




Less than 21.0%


Nil




21.0% 


4%




Between 21.0% and 23.2%


Between 4% and 20% on a straight-line basis




23.2% or more


20%




 
The Award will vest after a period of three years and there is a Holding Period of two years from the vesting date.
 
 
The following information is given in accordance with Article 19.3 of the Market Abuse Regulation and is made on behalf of Brian Duffy a PDMR, in the Watches of Switzerland Group PLC under article 19.1 of the Market Abuse Regulation ('MAR').




1 
 


Details of the person discharging managerial responsibilities / person closely associated 
 




a) 
 


Name 
 


Brian Duffy




2 
 


Reason for the notification 
 




a) 
 


Position/status 
 


Chief Executive Officer




b) 
 


Initial notification /Amendment 
 


Initial




3 
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 
 




a) 
 


Name 


Watches of Switzerland Group PLC




b) 
 


LEI 


2138008ZOT5K9PJW7168




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 of £0.0125 each




 


 




Identification code


GB00BJDQQ870




 


 




b) 
 


Nature of the transaction 
 
 


An award of nil cost options shares granted under the Company's 2019 Long Term Incentive Plan.




c) 
 


Price(s) and volume(s) 


 


 


 


 




 


 


Price(s)


Volume(s)


 




 


 


£9.42


106,157


 




 


 


 


 


 




d) 
 


Aggregated information 


 




 


 




- Aggregated volume


106,157




 


 




- Price


£999,999




 


 




e) 
 


Date of the transaction 
 


15 July 2021




f) 
 


Place of the transaction 


XLON




 
The following information is given in accordance with Article 19.3 of the Market Abuse Regulation and is made on behalf of Anders Romberg a PDMR, in the Watches of Switzerland Group PLC under article 19.1 of the Market Abuse Regulation ('MAR').




1 
 


Details of the person discharging managerial responsibilities / person closely associated 
 




a) 
 


Name 
 


Anders Romberg




2 
 


Reason for the notification 
 




a) 
 


Position/status 
 


Chief Financial Officer




b) 
 


Initial notification /Amendment 
 


Initial




3 
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 
 




a) 
 


Name 


Watches of Switzerland Group PLC




b) 
 


LEI 


2138008ZOT5K9PJW7168




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 of £0.0125 each




 


 




Identification code


GB00BJDQQ870




 


 




b) 
 


Nature of the transaction 
 
 


An award of nil cost options granted under the Company's 2019 Long Term Incentive Plan.




c) 
 


Price(s) and volume(s) 


 


 


 


 




 


 


Price(s)


Volume(s)


 




 


 


£9.42


65,021


 




 


 


 


 


 




d) 
 


Aggregated information 


 




 


 




- Aggregated volume


65,021




 


 




- Price


£612,498




 


 




e) 
 


Date of the transaction 


15 July 2021




f) 
 


Place of the transaction 


XLON




 
Enquiries:
Laura Battley                                                                      Lucy Legh / Rob Walker / Joanna Clark 
Company Secretary and General Counsel                     Headland
T: 0207 317 4604                                                               T: 0203 805 4822

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