Watches of Switzerland Group PLC Director/PDMR Shareholding (4196F)
16 July 2021 - 12:47AM
UK Regulatory
TIDMWOSG
RNS Number : 4196F
Watches of Switzerland Group PLC
15 July 2021
WATCHES OF SWITZERLAND GROUP PLC (the 'Company')
DIRECTOR/PDMR SHAREHOLDING
The Company has awarded nil cost op tions under the 2019 Long
Term Incentive Plan (the 'Award').
The Performance Target for the Award consists of the following
elements:
-- 80% of the Award will Vest depending on the Company's
Cumulative EPS performance against targets (the "EPS Performance
Award").
-- 20% of the Award will Vest depending on the Company's Average
ROCE performance against targets (the "ROCE Performance
Award").
The EPS Performance Award will Vest as follows
Cumulative EPS Percentage of Award Vesting
Less than 103.7 pence Nil
---------------------------------------
103.7 pence 16%
---------------------------------------
Between 103.7 pence and Between 16% and 80% on a straight-line
114.6 pence basis
---------------------------------------
114.6 pence or more 80%
---------------------------------------
The ROCE Performance Award will Vest as follows
Average ROCE Percentage of Award Vesting
Less than 21.0% Nil
--------------------------------------
21.0% 4%
--------------------------------------
Between 21.0% and 23.2% Between 4% and 20% on a straight-line
basis
--------------------------------------
23.2% or more 20%
--------------------------------------
The Award will vest after a period of three years and there is a
Holding Period of two years from the vesting date.
The following information is given in accordance with Article
19.3 of the Market Abuse Regulation and is made on behalf of Brian
Duffy a PDMR, in the Watches of Switzerland Group PLC under article
19.1 of the Market Abuse Regulation ('MAR').
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Brian Duffy
--------------------------------------- ------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
--------------------------------------- ------------------------------------------
b) Initial notification Initial
/Amendment
--------------------------------------- ------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------
a) Name Watches of Switzerland Group PLC
--------------------------------------- ------------------------------------------
b) LEI 2138008ZOT5K9PJW7168
--------------------------------------- ------------------------------------------
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 GBP0.0125 each
financial instrument,
type of instrument
Identification code GB00BJDQQ870
b) Nature of the transaction An award of nil cost options shares
granted under the Company's 2019
Long Term Incentive Plan.
--------------------------------------- ------------------------------------------
c) Price(s) and volume(s)
------------------- ------------------
Price(s) Volume(s)
------------------- ------------------
GBP9.42 106,157
---------------------------------------------------------------- ------------------
d) Aggregated information
- Aggregated volume 106,157
- Price GBP999,999
e) Date of the transaction 15 July 2021
--------------------------------------- ------------------------------------------
f) Place of the transaction XLON
--------------------------------------- ------------------------------------------
The following information is given in accordance with Article
19.3 of the Market Abuse Regulation and is made on behalf of Anders
Romberg a PDMR, in the Watches of Switzerland Group PLC under
article 19.1 of the Market Abuse Regulation ('MAR').
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Anders Romberg
--------------------------------------- -------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
--------------------------------------- -------------------------------------------
b) Initial notification Initial
/Amendment
--------------------------------------- -------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------
a) Name Watches of Switzerland Group PLC
--------------------------------------- -------------------------------------------
b) LEI 2138008ZOT5K9PJW7168
--------------------------------------- -------------------------------------------
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 GBP0.0125 each
financial instrument,
type of instrument
Identification code GB00BJDQQ870
b) Nature of the transaction An award of nil cost options granted
under the Company's 2019 Long Term
Incentive Plan.
--------------------------------------- -------------------------------------------
c) Price(s) and volume(s)
------------------- -------------------
Price(s) Volume(s)
------------------- -------------------
GBP9.42 65,021
---------------------------------------------------------------- -------------------
d) Aggregated information
- Aggregated volume 65,021
- Price GBP612,498
e) Date of the transaction 15 July 2021
--------------------------------------- -------------------------------------------
f) Place of the transaction XLON
--------------------------------------- -------------------------------------------
Enquiries:
Laura Battley Lucy Legh / Rob Walker / Joanna Clark
Company Secretary and General Counsel Headland
T: 0207 317 4604 T: 0203 805 4822
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DSHBSGDRSSBDGBU
(END) Dow Jones Newswires
July 15, 2021 10:47 ET (14:47 GMT)
Watches Of Switzerland (LSE:WOSG)
Historical Stock Chart
From Feb 2024 to Mar 2024
Watches Of Switzerland (LSE:WOSG)
Historical Stock Chart
From Mar 2023 to Mar 2024