19 Oct 2023 16:00
19 October 2023
NEXT plc
Notification of Transactions by Persons Discharging Managerial Responsibility and Person Closely Associated with Them
The following notification is made under article 19 of the UK Market Abuse Regulation. On 19 October 2023 the following share options were granted to certain directors/ PDMRs under the Next plc 2020 Sharesave Plan. The exercise price of £58.50 was set in accordance with HMRC rules for sharesave plans.
Lord Wolfson of Aspley Guise and Jane Shields have each elected for a plan term of 5 years. The sharesave contracts will commence on 1 December 2023 and, subject to the rules of the plan, the options will be exercisable for the period of 6 months following the maturity date of 1 December 2028.
1
| Details of the person discharging managerial responsibilities ("PDMR") / person closely associated ("PCA")
| |
a)
| Name
| 1. Lord Wolfson of Aspley Guise
2. Jane Shields
|
2
| Reason for the notification | |
a)
| Position/status
| 1. Chief Executive (PDMR)
2. Group Sales,Marketing and HR Director (PDMR)
|
b)
| Initial notification /Amendment
| Initial notification |
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a)
| Name
| Next plc |
b)
| LEI
| 213800WQD8ECPZP9PH98 |
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 | Sharesave options over ordinary shares of £0.10 each |
Identification code | GB0032089863 | |
b)
| Nature of the transaction
| Grant of options under the Next plc 2020 Sharesave Plan over the following number of Shares: 1. Lord Wolfson of Aspley Guise - 270 2. Jane Shields - 221 | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Lord Wolfson of Aspley Guise | £58.50 | 270 | |||
Jane Shields | £58.50 | 221 | |||
d)
| Aggregated information | ||||
- Aggregated volume | n/a | ||||
- Price | n/a | ||||
e)
| Date of the transaction
| 19 October 2023 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
Ian Blackwell
Company Secretary
Next (NXT)