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9 Aug 2021 09:00
09 August 2021
N BROWN GROUP PLC - GRANT OF NIL COST OPTIONS
N Brown Group plc announces that on 06 August 2021 nil cost options were granted to its Chief Executive Officer, Steve Johnson, over 1,307,196 shares and its Chief Financial Officer, Rachel Izzard, over 897,095 shares ("Awards") under the terms of the N Brown Group plc 2014 Long-Term Incentive Plan.
The number of shares placed under Award was based on the closing mid-market price for the preceding day which was 49.5 pence.
The performance conditions and targets for the 2021 Awards are as follows:
 | Percentage of each part of the award that will vest | TSR Relative TSR compared to the FTSE SmallCap Excluding Investment Trusts | Adjusted EPS Growth from FY21 to FY24** |
Weighting | Â | 50% | 50% |
Below threshold | 0% | Ranking below median | Less than 4% CAGR |
Threshold* | 25% | Ranking at median | At least 4% CAGR |
Maximum* | 100% | Ranking at upper quartile or above | 12% CAGR or above |
*For performance that is between the threshold and maximum levels, awards vest on a straight-line basis
** CAGR - Compound Annual Growth Rate.
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The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides 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   | 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) Â | LEI Â Â | 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) Â | 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) Â | Price(s) and volume(s) | Â | Â | Â | Â |
 | Price(s) | Volume(s) |  | ||
 | Nil cost options | 1,307,196 |  | ||
 |  |  |  | ||
d) Â | Aggregated information | ||||
- Aggregated volume | N/A- single transaction | ||||
- Price | |||||
e)  | Date of the transaction   | 06 August 2021 | |||
f)  | Place of the transaction   | Outside a trading venue | |||
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1  | Details of the person discharging managerial responsibilities / person closely associated  | ||||
a)  | Name   | Rachel Izzard | |||
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) Â | LEI Â Â | 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) Â | 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) Â | Price(s) and volume(s) | Â | Â | Â | Â |
 | Price(s) | Volume(s) |  | ||
 | Nil cost options | 897,095 |  | ||
 |  |  |  | ||
d) Â | Aggregated information | ||||
- Aggregated volume | N/A- single transaction | ||||
- Price | |||||
e)  | Date of the transaction   | 06 August 2021 | |||
f)  | Place of the transaction   | Outside a trading venue | |||
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For further information:
Theresa Casey
General Counsel and Company Secretary, N Brown Group plc
+44(0)161 238 2298
Shore Capital - Nomad and Broker
Dru Danford / Stephane Auton / Daniel Bush / John More
+44(0) 20 7408 4090
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