8 Jul 2022 16:44
N Brown Group plc
(the "Company")
Director/PDMR Shareholding
The Company has been notified of a transaction which took place on 7 July 2022 whereby security previously granted to Lloyds Bank over 9,191,880 ordinary shares in the capital of the Company, owned by Lord David Alliance of Manchester CBE, has been released and the ordinary shares transferred back to Lord Alliance.
This transaction results in a reduction of the number of ordinary shares pledged to banks within Lord Alliance's direct and indirect interests from 8.33% to 6.33% of the capital of the Company.
This transaction does not result in a change to the total direct and indirect interest 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.
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Lord 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
| Transfer of ordinary shares pursuant to the release of a pledge | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
£0.00 | 9,191,880 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 9,191,880 | ||||
- Price | £0.00 | ||||
e)
| Date of the transaction
| 7 July 2022 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
For enquiries, please contact:
Michael Mustard
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
Brown Group (BWNG)