Last checked at 21 Mar 2023 07:00
FRASERS GROUP PLC
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
Frasers Group plc ("the Company") announces that MASH Holdings Limited ("MASH"), a company through which Mike Ashley holds shares in the Company, has notified the Company that MASH has granted a pledge in favour of HSBC Private Bank over 26,492,540 Ordinary Shares in the Company, representing approximately 5.61% of the Company's issued share capital (excluding shares held in treasury), as security for any amounts which may be due from time to time under a derivatives trading facility. Mike Ashley remains the beneficial owner of the Ordinary Shares subject to the pledge and retains full voting rights over these shares.
As described in the disclosures below, MASH has also notified the Company that MASH has on 17 March 2023 sold share settled put options over 500,000 Ordinary Shares equivalent with a strike price of 800p and expiry of September 2023 and also on 20 March 2023 sold share settled put options over an additional 500,000 Ordinary Shares equivalent with a strike price of 800p and an expiry of September 2023.
1
| Details of the person discharging managerial responsibilities / person closely associated
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a)
| Name
| MASH Holdings Limited
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2
| Reason for the notification
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a)
| Position/status
| PCA with Michael Ashley, a PDMR | ||||
b)
| Initial notification /Amendment
| Initial Notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
| Name
| Frasers Group PLC | ||||
b)
| LEI
| 213800JEGHHEAXIJDX34
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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
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a)
| Description of the financial instrument, type of instrument | Financial Instrument (Put Options) | ||||
Identification code | GB00B1QH8P22 | |||||
b)
| Nature of the transaction
| Sale of share settled put options over 500,000 Ordinary Shares equivalent with an expiry of September 2023 and a strike price of 800p | ||||
c)
| Price(s) and volume(s) | |||||
Price(s) | Volume(s) | |||||
£8.00
| 500,000 | |||||
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d)
| Aggregated information | Aggregated Volume 500,000
Price £4,000,000 | ||||
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e)
| Date of the transaction
| 17 March 2023 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
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 | GB00B1QH8P22 | |||||
b)
| Nature of the transaction
| Pledge in favour of HSBC Private Bank over 26,492,540 Ordinary Shares in the Company, representing approximately 5.61% of the Company's issued share capital (excluding shares held in treasury) as security for any amounts which may be due from time to time under a derivatives trading facility. | ||||
c)
| Price(s) and volume(s) | |||||
Price(s) | Volume(s) | |||||
£0.00
| 26,492,540 | |||||
| ||||||
d) | Aggregated information | |||||
| Aggregated Volume 26,492,540
Price £0.00 | |||||
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| ||||||
e)
| Date of the transaction
| 17 March 2023 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
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 | Financial Instrument (Put Options) | ||||
Identification code | GB00B1QH8P22 | |||||
b)
| Nature of the transaction
| Sale of share settled put options over 500,000 Ordinary Shares equivalent with an expiry of September 2023 and a strike price of 800p | ||||
c)
| Price(s) and volume(s) | |||||
Price(s) | Volume(s) | |||||
£8.00
| 500,000 | |||||
| ||||||
d)
| Aggregated information | Aggregated Volume 500,000
Price £4,000,000 | ||||
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| ||||||
| ||||||
e)
| Date of the transaction
| 20 March 2023 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||