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16 Nov 2022 16:02
N Brown Group plc
(the "Company")
Director/PDMR and PCA shareholding notification
The Company has been notified of a number of transactions which took place on 11 November 2022 whereby:
1) security previously granted to the Royal Bank of Scotland over 21,242,145 ordinary shares in the capital of the Company, which are owned by Lord David Alliance of Manchester CBE ("Lord Alliance"), has been released. (See Table 1 below).
2) security previously granted to the Royal Bank of Scotland over 468,210 ordinary shares in the capital of the Company, which are owned by The Anglo-Eastern Trust Limited (a person closely associated ("PCA") with Lord Alliance), has been released. (See Table 2 below).
3) security previously granted to the Royal Bank of Scotland over 6,169,889 ordinary shares in the capital of the Company, which are owned by Northern Counties Securities Limited (a PCA with Lord Alliance), has been released. (See Table 3 below).
4) security previously granted to the Royal Bank of Scotland over 1,275,714 ordinary shares in the capital of the Company, which are owned by the Alliance Family Foundation Limited (a PCA with Lord Alliance), has been released. (See Table 4 below).
Taken together, these transactions result in a reduction of the number of ordinary shares pledged to banks within Lord Alliance's direct and indirect interests from 6.33% to 0.00% of the capital of the Company.
These transactions do not result in a change to the total direct and indirect interests of Lord Alliance in the voting rights and issued share capital of the Company.
This announcement is made in accordance with the UK Market Abuse Regulation.
Table 1
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Lord David Alliance of Manchester CBE | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Non-Executive Director, 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 | Ordinary shares | |||
Identification code | GB00B1P6ZR11 | ||||
b)
| Nature of the transaction
| Release of pledge over ordinary shares | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
£0.00 | 21,242,145 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 21,242,145 | ||||
- Price | £0.00 | ||||
e)
| Date of the transaction
| 11 November 2022 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
Table 2
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| The Anglo-Eastern Trust | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Person Closely Associated With Lord David Alliance of Manchester CBE | |||
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 | Ordinary shares | |||
Identification code | GB00B1P6ZR11 | ||||
b)
| Nature of the transaction
| Transfer of ordinary shares pursuant to the release of a pledge | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
£0.00 | 468,210 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 468,210 | ||||
- Price | £0.00 | ||||
e)
| Date of the transaction
| 11 November 2022 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
Table 3
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Northern Counties Securities Limited | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Person Closely Associated With Lord David Alliance of Manchester CBE | |||
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 | Ordinary shares | |||
Identification code | GB00B1P6ZR11 | ||||
b)
| Nature of the transaction
| Transfer of ordinary shares pursuant to the release of a pledge | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
£0.00 | 6,169,889 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 6,169,889 | ||||
- Price | £0.00 | ||||
e)
| Date of the transaction
| 11 November 2022 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
Table 4
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Alliance Family Foundation Limited | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Person Closely Associated With Lord David Alliance of Manchester CBE | |||
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 | Ordinary shares | |||
Identification code | GB00B1P6ZR11 | ||||
b)
| Nature of the transaction
| Transfer of ordinary shares pursuant to the release of a pledge | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
£0.00 | 1,275,714 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 1,275,714 | ||||
- Price | £0.00 | ||||
e)
| Date of the transaction
| 11 November 2022 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
For enquiries, please contact:
Christian Wells
Company Secretary and General Counsel, N Brown Group Plc
Tel: +44 (0)161 238 2298
Registered office:
Griffin House
40 Lever Street
Manchester
M60 6ES
Shore Capital - Nominated Adviser and Broker
Stephane Auton / Daniel Bush / John More
+44 (0) 20 7408 4090
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