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Last checked at 
14 Oct 2021 15:00
14 October 2021
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FRASERS GROUP PLC
("Frasers Group" or the "Group")
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Director/PDMR Shareholding
On 14 October 2021 conditional share awards ("Awards") over ordinary shares of 10p each in Frasers Group ("Shares") were granted under the Frasers Executive Share Scheme ("Scheme") to the following director and person discharging managerial responsibilities:
Director/ PDMR | Position | Number of Shares subject to Award |
Christopher Wootton | Chief Financial Officer | 600,000 |
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The Awards have been granted under the Scheme which aims to incentivise exceptional performance. In particular, the Awards will be subject to continued service and a share price target of Ā£12. The target share price required for vesting is considered stretching (being Ā£2 above the target of Ā£10 for the employee Fearless 1000 plan that was launched in 2020) and will therefore reward sustained performance over the long-term.
In addition to the share price performance measure, the Awards are also subject to two underpins requiring: (i) satisfactory performance ratings for each participant; and (ii) anticipated delivery of our elevation strategy. The purpose of the underpins is to ensure that a minimum level of performance is achieved before an Award may vest (in addition to achievement of the share price performance target).
Further details, including a summary of the principal terms of the Scheme, are set out in the notice to the 2021 AGM.
The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014 (as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018).
1 | DetailsĀ of the persons discharging managerial responsibilitiesĀ IĀ person closelyĀ associated | |||||
a) | Name | Ā Christopher Wootton | ||||
2 | ReasonĀ forĀ theĀ notification | |||||
a) | Position/status | Ā Chief Financial Officer Ā | ||||
b) | InitialĀ notificationĀ /amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance marketĀ participant,Ā auction platform,Ā auctioneerĀ orĀ auction monitor | |||||
a) | Name | Frasers Group plc | ||||
b) | LEI | 213800JEGHHEAXIJDX34 | ||||
4 | DetailsĀ ofĀ theĀ transaction(s):Ā sectionĀ toĀ beĀ repeated forĀ (i)Ā eachĀ typeĀ ofinstrument;Ā (ii)Ā eachĀ typeĀ ofĀ transaction;Ā (iii)Ā eachĀ date;Ā andĀ (iv)Ā eachĀ place whereĀ transactions haveĀ beenĀ conducted | |||||
a) | Description of the financialĀ instrument, typeĀ of instrument | Ordinary shares of 10p each in Frasers Group | ||||
Identification code | GB00B1QH8P22 | |||||
b) | NatureĀ ofĀ theĀ transaction | Grant of an Award under the Frasers Executive Share Scheme. | ||||
c) | Price(s)Ā andĀ volume(s) | Ā
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d) | Aggregated information - Aggregated volumeĀ - PriceĀ | Ā - 600,000 - Nil | ||||
e) | Date of the transaction | 14 October 2021 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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Frasers Group plc
Tom Piper, Company Secretary T. 0344 245 9200
LEI: 213800JEGHHEAXIJDX34 E. investor.relations@frasers.groupĀ
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