REG - Watches of Switzlnd. - Director/PDMR Shareholding

Watches of SwitzerlandAnnouncement

15/07/2022 14:15

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RNS Number : 6941S  Watches of Switzerland Group PLC  15 July 2022

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 166.2 pence                Nil
 166.2 pence                          16%
 Between 166.2 pence and 183.7 pence  Between 16% and 80% on a straight-line basis
 183.7 pence or more                  80%

 

The ROCE Performance Award will Vest as follows

 Average ROCE             Percentage of Award Vesting
 Less than 26.4%          Nil
 26.4%                    4%
 Between 26.4% and 29.2%  Between 4% and 20% on a straight-line basis
 29.2% 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)
                                                                                         £7.505                133,244

 d)   Aggregated information

      - Aggregated volume                                          133,244

      - Price                                                      £999,996

 e)   Date of the transaction                                      14 July 2022

 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 Bill Floydd 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                                                         Bill Floydd

 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)
                                                                                       £7.505              88,607

 d)   Aggregated information

      - Aggregated volume                                          88,607

      - Price                                                      £664,996

 e)   Date of the transaction                                      14 July 2022

 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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