Superdry PLC Director/PDMR Shareholding (2163E)
16 October 2018 - 11:00PM
UK Regulatory
TIDMSDRY
RNS Number : 2163E
Superdry PLC
16 October 2018
SuperdryPlc
("Superdry" or "the Company")
16 October 2018
Notification and public disclosure of transactions by persons
discharging managerial responsibilities ("PDMR") and persons
closely associated with them ("PCA")
Superdry Performance Share Plan ("PSP"): Grant of 2018
Conditional Share Award
On 15 October 2018, the PDMR named below was granted a
conditional share award over Ordinary Shares under the terms of the
Superdry 2018 Performance Share Plan ("PSP"). Details of the number
of Ordinary Shares subject to such award are set out in the table
immediately below.
Name / Position of PDMR Number of Ordinary Shares Purchased
for Reinvestment
Brigitte Danielmeyer - Chief
Product Officer 30,172
------------------------------------
The PDMR notified the Company of the above transaction on 15
October 2018.
No consideration was paid for the grant of these awards which
are structured as conditional awards.
The vesting of an award is subject to the satisfaction of the
following performance conditions, measured over a performance
period of three financial years of the Company ending with the
2020/2021 financial year (the "performance period"):
1. 70% of the award is based on the compound annual growth rate
("CAGR") in the Company's earnings per share ("EPS") measured over
the performance period.
-- 25% of the EPS-related part of the award will vest if the
CAGR in the EPS is 8%, increasing on a straight-line basis to 50%
vesting if the CAGR in the EPS is 10% and increasing on a
straight-line basis to 100% vesting if the CAGR in the EPS is 12%
or more.
2. 30% of the award is based on comparing the Company's total
shareholder return ("TSR") measured over the performance period
against the TSR over the performance period of each company in a
bespoke group of companies ("Comparator Group").
-- 25% of the TSR-related part of the award will vest if the
Company's TSR is ranked at the median of the companies in the
Comparator Group by reference to their TSR, increasing on a
straight-line basis to 100% vesting if the Company's TSR is ranked
at the upper quartile or above of the companies in the Comparator
Group by reference to their TSR.
Performance against each target is assessed independently. The
award will normally vest on the later of the third anniversary of
grant and the determination of the performance conditions. The
awards are subject to the rules of the PSP and in particular the
malus and clawback provisions set out therein.
The Company makes this announcement, including the
notification(s) below, in accordance with the requirements of the
EU Market Abuse Regulation.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Brigitte Danielmeyer
-------------------------- ------------------------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------------
a) Position/status Chief Product Officer/PDMR
-------------------------- ------------------------------------------------------------
b) Initial notification Initial Notification
/Amendment
-------------------------- ------------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------------
a) Name Superdry Plc
-------------------------- ------------------------------------------------------------
b) LEI 213800GAQMT2WL7BW361
-------------------------- ------------------------------------------------------------
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 Ordinary shares of 5 pence each
financial instrument,
type of instrument
ISIN: GB00B60BD277
Identification code
-------------------------- ------------------------------------------------------------
b) Nature of the transaction Grant of conditional share award under
the Superdry 2018 Performance Share
Plan
-------------------------- ------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1. GBP10.22 1. 30,172
---------------------
-------------------------- ------------------------------------------------------------
d) Aggregated information Price(s) Aggregated volume
(s)
1. GBP308,357.84 1. 30,172
---------------------
-------------------------- ------------------------------------------------------------
e) Date of the transaction 15 October 2018
-------------------------- ------------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
-------------------------- ------------------------------------------------------------
The number of Ordinary Shares granted under this Conditional
Share Award was calculated by taking the PDMR's salary and dividing
it by the average share price during the 10 dealing days preceding
the Grant Date.
For further information:
Superdry Plc
Simon Callander
Group General Counsel and Company
Secretary +44 (0) 1242 586643
This information is provided by RNS, the news service of the
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Authority to act as a Primary Information Provider in the United
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END
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