Watches of Switzlnd. - Director/PDMR Shareholding
WATCHES OF SWITZERLAND GROUP PLC (the 'Company')
DIRECTOR/PDMR SHAREHOLDING
The Company announces that it has awarded on 17 July 2026 nil cost options to its Executive Directors under the Company's 2019 Long Term Incentive Plan (the 'Awards').
The Performance Target for the Awards consists of the following elements:
· 80% of the Awards will Vest depending on the Company's Cumulative EPS performance against targets (the "EPS Performance Award").
· 20% of the Awards will Vest depending on the Company's Average ROCE performance against targets (the "ROCE Performance Award").
The EPS Performance Awards will Vest as follows
Cumulative EPS
Percentage of Award Vesting
Less than 157.1 pence
Nil
157.1 pence
16%
Between 157.1 pence and 174.0 pence
Between 16% and 80% on a straight-line basis
174.0 pence or more
80%
The ROCE Performance Awards will Vest as follows
Average ROCE
Percentage of Award Vesting
Less than 17.1%
Nil
17.1%
4%
Between 17.1% and 18.9%
Between 4% and 20% on a straight-line basis
18.9% or more
20%
The Awards will vest in July 2029 after a performance measurement period of three financial years (FY 2027 to FY 2029) 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, granted under the Company's 2019 Long Term incentive Plan.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£nil
128,810
d)
Aggregated information
- Aggregated volume
128,810
- Price
£nil
e)
Date of the transaction
17 July 2026
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)
£nil
85,659
d)
Aggregated information
- Aggregated volume
85,659
- Price
£nil
e)
Date of the transaction
17 July 2026
f)
Place of the transaction
XLON
Enquiries:
Laura Battley Lucy Legh / Rob Walker / Joanna Clark
Company Secretary and General Counsel Headland
T: 0207 317 4600 T: 0203 805 4822
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