Superdry PLC Director/PDMR Shareholding (6401N)
25 September 2019 - 8:15PM
UK Regulatory
TIDMSDRY
RNS Number : 6401N
Superdry PLC
25 September 2019
SuperdryPlc
("Superdry") ("the Company")
25 September 2019
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 2019
Conditional Share Awards
On 24 September 2019, the PDMRs named below were granted
conditional share awards over Ordinary Shares under the terms of
the Superdry 2019 Performance Share Plan ("PSP"). Details of the
number of Ordinary Shares subject to such awards are set out in the
table immediately below.
Name / Position of PDMR Number of Ordinary
Shares subject to
award
Nick Gresham - Chief Financial Officer 143,885
-------------------
Phil Dickinson - Creative Director 152,878
-------------------
Gordon Knox - Director of Logistics 47,962
-------------------
Lucy Maitland-Walker - Merchandising Director 54,614
-------------------
Shaun Packe - Global Sourcing and Sustainability
Director 47,962
-------------------
Thomas Vuillez - Vice President - USA 70,079
-------------------
Guy Youll - Group Human Resources Director 44,365
-------------------
Jon Wragg - Global Trading Director 73,381
-------------------
The above awards were notified to the Company by each PDMR
referred to above on 24 September 2019.
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:
1. 30% of the award is based on the compound annual growth rate
("CAGR") in the Company's earnings per share ("EPS") measured over
the three years ending with the 2021/22 financial year as
follows:
-- 10% of the EPS-related part of the award will for EPS growth
of 15% p.a. increasing on a straight-line basis to 50% vesting for
EPS growth of 23% p.a. increasing on a straight-line basis to 100%
vesting for EPS growth of 30% p.a. or more.
2. 70% of the award is based on comparing the Company's total
shareholder return ("TSR") measured over three years from the grant
date against a bespoke group of relevant companies ("Comparator
Group").
-- 25% of the TSR-related part of the award will vest if the
Company's TSR is equal to that of the median ranked company in the
Comparator Group increasing on a straight-line basis to 100%
vesting if the Company's TSR is equal to higher than that of the
upper quartile ranked company in the Comparator Group.
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.
This announcement, including the notifications below, is made in
accordance with the requirements of the EU Market Abuse
Regulation.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name 1. Nick Gresham
2. Phil Dickinson
3. Gordon Knox
4. Lucy Maitland-Walker
5. Shaun Packe
6. Thomas Vuillez
7. Guy Youll
8. Jon Wragg
-------------------------- -------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------
a) Position/status 1. Chief Financial Officer
2. Creative Director
3. Director of Logistics
4. Merchandising Director
5. Global Sourcing and Sustainability
Director
6. Vice President - USA
7. Group Human Resources Director
8. Global Trading Director
-------------------------- -------------------------------------------------
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
Identification code ISIN: GB00B60BD277
-------------------------- -------------------------------------------------
b) Nature of the transaction Grant of conditional share awards
under the Superdry 2019 Performance
Share Plan
-------------------------- -------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1. GBP4.170 1. 143,885
2. GBP4.170 2. 152,878
3. GBP4.170 3. 47,962
4. GBP4.170 4. 54,614
5. GBP4.170 5. 47,962
6. GBP4.170 6. 70,079
7. GBP4.170 7. 44,365
8. GBP4.170 8. 73,381
------------
-------------------------- -------------------------------------------------
d) Aggregated information Price(s) Aggregated Volume(s)
1. GBP600,000.00 1. 143,885
2. GBP637,500.00 2. 152,878
3. GBP200,000.00 3. 47,962
4. GBP227,739.76 4. 54,614
5. GBP200,000.00 5. 47,962
6. GBP292,230.38 6. 70,079
7. GBP185,000.00 7. 44,365
8. GBP306,000.00 8. 73,381
---------------------
-------------------------- -------------------------------------------------
e) Date of the transaction 24 September 2019
-------------------------- -------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
-------------------------- -------------------------------------------------
25 September 2019
For further information:
Superdry Plc
Simon Callander +44 (0) 1242 586643
Company Secretary simon.callander@superdry.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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