Last checked at 15 Jul 2022 14:14
WATCHES OF SWITZERLAND GROUP PLC (the 'Company')
DIRECTOR/PDMR SHAREHOLDING
The Company has awarded nil cost options under the 2019 Long Term Incentive Plan (the 'Award').
The Performance Target for the Award consists of the following elements:
· 80% of the Award will Vest depending on the Company's Cumulative EPS performance against targets (the "EPS Performance Award").
· 20% of the Award will Vest depending on the Company's Average ROCE performance against targets (the "ROCE Performance Award").
The EPS Performance Award will Vest as follows
Cumulative EPS | Percentage of Award Vesting |
Less than 166.2 pence | Nil |
166.2 pence | 16% |
Between 166.2 pence and 183.7 pence | Between 16% and 80% on a straight-line basis |
183.7 pence or more | 80% |
The ROCE Performance Award will Vest as follows
Average ROCE | Percentage of Award Vesting |
Less than 26.4% | Nil |
26.4% | 4% |
Between 26.4% and 29.2% | Between 4% and 20% on a straight-line basis |
29.2% or more | 20% |
The Award will vest after a period of three years 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 shares granted under the Company's 2019 Long Term incentive Plan. | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
£7.505 | 133,244 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 133,244 | ||||
- Price | £999,996 | ||||
e)
| Date of the transaction
| 14 July 2022 | |||
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 Bill Floydd 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
| Bill Floydd | |||
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) | ||||
£7.505 | 88,607 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 88,607 | ||||
- Price | £664,996 | ||||
e)
| Date of the transaction | 14 July 2022 | |||
f)
| Place of the transaction | XLON | |||
Enquiries:
Laura Battley Lucy Legh / Rob Walker / Joanna Clark
Company Secretary and General Counsel Headland
T: 0207 317 4604 T: 0203 805 4822