Director/PDMR Shareholding

RNS Number : 6722G
Brown (N.) Group PLC
16 November 2022
 

N Brown Group plc

 

(the "Company")

 

Director/PDMR and PCA shareholding notification

 

The Company has been notified of a number of transactions which took place on 11 November 2022 whereby:

 

1)  security previously granted to the Royal Bank of Scotland over 21,242,145 ordinary shares in the capital of the Company, which are owned by Lord David Alliance of Manchester CBE ("Lord Alliance"), has been released.  (See Table 1 below).

2)  security previously granted to the Royal Bank of Scotland over 468,210 ordinary shares in the capital of the Company, which are owned by The Anglo-Eastern Trust Limited (a person closely associated ("PCA") with Lord Alliance), has been released. (See Table 2 below).

 

3)  security previously granted to the Royal Bank of Scotland over 6,169,889 ordinary shares in the capital of the Company, which are owned by Northern Counties Securities Limited  (a PCA with Lord Alliance), has been released. (See Table 3 below).

 

4)  security previously granted to the Royal Bank of Scotland over 1,275,714 ordinary shares in the capital of the Company, which are owned by the Alliance Family Foundation Limited (a PCA with Lord Alliance), has been released. (See Table 4 below).

 


Taken together, these transactions result in a reduction of the number of ordinary shares pledged to banks within Lord Alliance's direct and indirect interests from 6.33% to 0.00% of the capital of the Company.

 

These transactions do not result in a change to the total direct and indirect interests of Lord Alliance in the voting rights and issued share capital of the Company.

 

This announcement is made in accordance with the UK Market Abuse Regulation.

 

Table 1

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Lord David Alliance of Manchester CBE

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Non-Executive Director, N Brown Group plc

b)

 

Initial notification /Amendment

 

 

Initial Notification

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 financial instrument, type of instrument

Ordinary shares



Identification code

GB00B1P6ZR11



b)

 

Nature of the transaction

 

 

Release of pledge over ordinary shares

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




£0.00

21,242,145







d)

 

Aggregated information




- Aggregated volume

21,242,145



- Price

£0.00



e)

 

Date of the transaction

 

 

11 November 2022

f)

 

Place of the transaction

 

 

Outside a trading venue

 

 

 


 

 

Table 2

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

The Anglo-Eastern Trust

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Person Closely Associated With Lord David Alliance of Manchester CBE

b)

 

Initial notification /Amendment

 

 

Initial Notification

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 financial instrument, type of instrument

Ordinary shares



Identification code

GB00B1P6ZR11



b)

 

Nature of the transaction

 

 

Transfer of ordinary shares pursuant to the release of a pledge

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




£0.00

468,210







d)

 

Aggregated information




- Aggregated volume

468,210



- Price

£0.00



e)

 

Date of the transaction

 

11 November 2022

f)

 

Place of the transaction

 

Outside a trading venue

Table 3

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Northern Counties Securities Limited

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Person Closely Associated With Lord David Alliance of Manchester CBE

b)

 

Initial notification /Amendment

 

 

Initial Notification

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 financial instrument, type of instrument

Ordinary shares



Identification code

GB00B1P6ZR11



b)

 

Nature of the transaction

 

 

Transfer of ordinary shares pursuant to the release of a pledge

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




£0.00

6,169,889







d)

 

Aggregated information




- Aggregated volume

6,169,889



- Price

£0.00



e)

 

Date of the transaction

 

11 November 2022

f)

 

Place of the transaction

 

Outside a trading venue

 

Table 4

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Alliance Family Foundation Limited

2

 

Reason for the notification

 

a)

 

Position/status

 

Person Closely Associated With Lord David Alliance of Manchester CBE

b)

 

Initial notification /Amendment

 

 

Initial Notification

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 financial instrument, type of instrument

Ordinary shares



Identification code

GB00B1P6ZR11



b)

 

Nature of the transaction

 

 

Transfer of ordinary shares pursuant to the release of a pledge

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




£0.00

1,275,714







d)

 

Aggregated information




- Aggregated volume

1,275,714



- Price

£0.00



e)

 

Date of the transaction

 

11 November 2022

f)

 

Place of the transaction

 

Outside a trading venue

 

For enquiries, please contact:

 

Christian Wells

Company Secretary and General Counsel, N Brown Group Plc

 

Tel: +44 (0)161 238 2298

 

Registered office:

Griffin House

40 Lever Street

Manchester

M60 6ES

 

Shore Capital - Nominated Adviser and Broker

Stephane Auton / Daniel Bush / John More

+44 (0) 20 7408 4090

 

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