Director/PDMR Shareholding

RNS Number : 6941S
Watches of Switzerland Group PLC
15 July 2022
 

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 166.2 pence

Nil

166.2 pence

16%

Between 166.2 pence and 183.7 pence

Between 16% and 80% on a straight-line basis

183.7 pence or more

80%

 

The ROCE Performance Award will Vest as follows

Average ROCE

Percentage of Award Vesting

Less than 26.4%

Nil

26.4%

4%

Between 26.4% and 29.2%

Between 4% and 20% on a straight-line basis

29.2% 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 /Amendment

 

Initial

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 financial instrument, type of instrument

Ordinary Shares of £0.0125 each



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)




£7.505

133,244







d)

 

Aggregated information




- Aggregated volume

133,244



- Price

£999,996



e)

 

Date of the transaction

 

14 July 2022

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 Bill Floydd 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

 

Bill Floydd

2

 

Reason for the notification

 

a)

 

Position/status

 

Chief Financial Officer

b)

 

Initial notification /Amendment

 

Initial

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 financial instrument, type of instrument

Ordinary Shares of £0.0125 each



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)




£7.505

88,607







d)

 

Aggregated information




- Aggregated volume

88,607



- Price

£664,996



e)

 

Date of the transaction

14 July 2022

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

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