Brown (N.) Group PLC Grant of Nil Cost Options (5505I)
August 07 2023 - 10:30AM
UK Regulatory
TIDMBWNG
RNS Number : 5505I
Brown (N.) Group PLC
07 August 2023
7 August 2023
N BROWN GROUP PLC - GRANT OF NIL COST OPTIONS
N Brown Group Plc ("N Brown" or the "Company"), a top 10 UK
clothing & footwear digital retailer, announces that on 7
August 2023 nil cost options were granted to its Chief Executive
Officer, Steve Johnson, over 1,521,300 shares and its Chief
Financial Officer, Dominic Appleton, over 951,087 shares ("Awards")
under the terms of the N Brown Group plc Share Plan 2023.
The number of shares placed under Award was based on the closing
mid-market price for the preceding day which was 23.00 pence.
The Awards shall vest on the third anniversary of grant subject
to a continued service with a two-year holding period thereafter,
and are subject to a performance underpin prior to vesting.
The notification below, made in accordance with the requirements
of the UK Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Stephen Johnson
--------------------------------- --------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------
a) Position/status CEO, N Brown Group Plc
--------------------------------- --------------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------------- --------------------------------------------
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 Nil cost options over Ordinary shares
financial instrument, of 11 1/19 pence
type of instrument
Identification code GB00B1P6ZR11
b) Nature of the transaction Grant of options
--------------------------------- --------------------------------------------
c) Price(s) and volume(s)
-------------------------- -------------
Price(s) Volume(s)
-------------------------- -------------
Nil cost options 1,521,300
----------------------------------------------------------------- -------------
d) Aggregated information
- Aggregated volume N/A- single transaction
- Price
e) Date of the transaction 7 August 2023
--------------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------- --------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Dominic Appleton
--------------------------------- --------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------
a) Position/status CFO, N Brown Group Plc
--------------------------------- --------------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------------- --------------------------------------------
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 Nil cost options over Ordinary shares
financial instrument, of 11 1/19 pence
type of instrument
Identification code GB00B1P6ZR11
b) Nature of the transaction Grant of options
--------------------------------- --------------------------------------------
c) Price(s) and volume(s)
-------------------------- -------------
Price(s) Volume(s)
-------------------------- -------------
Nil cost options 951,087
----------------------------------------------------------------- -------------
d) Aggregated information
- Aggregated volume N/A- single transaction
- Price
e) Date of the transaction 07 August 2023
--------------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------- --------------------------------------------
For further information:
N Brown Group
David Fletcher, Head of Investor Relations +44 (0)7876 111242
MHP
James McFarlane/ Eleni Menikou / Charles +44 (0) 20 3128 8789
Hirst NBrown@mhpc.com
Shore Capital - Nomad and Broker
Stephane Auton / Daniel Bush / Rachel Goldstein +44 (0) 20 7408 4090
About N Brown Group:
N Brown is a top 10 UK clothing & footwear digital retailer
headquartered in Manchester and employing over 1,700 people
nationwide. Through our strategic retail brands including JD
Williams, Simply Be and Jacamo, we take pride in championing
inclusivity. O ur customer-first shopping experience, supported by
our innovative financial services proposition, is designed to
deliver choice, affordability, and value to our customers.
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END
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