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RNS Number : 7349V Watches of Switzerland Group PLC 09 July 2024
WATCHES OF SWITZERLAND GROUP PLC (the 'Company')
DIRECTOR/PDMR SHAREHOLDING
The Company announces that it has awarded on 8 July 2024 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 178.2 pence Nil
178.2 pence 16%
Between 178.2 pence and 196.9 pence Between 16% and 80% on a straight-line basis
196.9 pence or more 80%
The ROCE Performance Awards will Vest as follows
Average ROCE Percentage of Award Vesting
Less than 22.7% Nil
22.7% 4%
Between 22.7% and 25.1% Between 4% and 20% on a straight-line basis
25.1% or more 20%
The Awards will vest in July 2027 after a performance measurement period of
three financial years (FY 2025 to FY 2027) 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 241,429
d) Aggregated information
- Aggregated volume 241,429
- Price £nil
e) Date of the transaction 8 July 2024
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 160,550
d) Aggregated information
- Aggregated volume 160,550
- Price £nil
e) Date of the transaction 8 July 2024
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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