REG - Brown (N.) Group PLC - Director/PDMR Shareholding
07/08/2024 07:00
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RNS Number : 4424Z Brown (N.) Group PLC 07 August 2024
N BROWN GROUP PLC - Director/PDMR Shareholdings
N Brown Group Plc ("N Brown" or the "Company"), a top 10 UK clothing &
footwear digital retailer, announces that on 6 August 2024 nil cost options
were granted to its Interim Executive Chair and Chief Executive Officer, Steve
Johnson, over 1,527,101 shares, and to its Chief Financial Officer, Dominic
Appleton, over 954,713 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 trading day, 5 August 2024, which was 23.6 pence.
The Awards shall vest on the third anniversary of grant, subject to continued
service, with a two-year holding period thereafter, and are subject to a
performance underpin prior to vesting.
The notifications below, made in accordance with the requirements of
the UK Market Abuse Regulation, provide 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 Interim Executive Chair and 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 1,527,101
d) Aggregated information
- Aggregated volume N/A- single transaction
- Price
e) Date of the transaction 6 August 2024
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 954,713
d) Aggregated information
- Aggregated volume N/A- single transaction
- Price
e) Date of the transaction 06 August 2024
f) Place of the transaction Outside a trading venue
For further information:
N Brown Group
David Fletcher, Head of Investor Relations +44 (0)7876 111 242
Hawthorn
Henry Lerwill +44 (0)7894 608 607
Simon Woods +44 (0)7719 078 196
nbrown@hawthornadvisors.com
Shore Capital - Nomad and Broker
Stephane Auton / Daniel Bush / Rachel Goldstein +44 (0) 20 7408 4090
Fiona Conroy (Corporate Broking)
About N Brown Group:
N Brown is a top 10 UK clothing and footwear digital retail platform, with a
home proposition, headquartered in Manchester and employs around 1,700 people
nationwide. Through our strategic retail brands including JD Williams,
Simply Be and Jacamo, we exist to make our customers look and feel amazing,
and take great pride in passionately championing inclusion and serving the
under-served. Our customer-first shopping experience, supported by our
innovative financial services proposition, is designed to deliver choice,
affordability, and value to our customers, and allows us to be truly inclusive
and accessible.
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