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Moss Bros Group (MOSB)

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Tuesday 09 April, 2019

Moss Bros Group

Grant of Options

RNS Number : 6640V
Moss Bros Group PLC
09 April 2019
 

 

Moss Bros Group Plc ("the Company")

Grant of Options

9 April 2019

 

Following approval by the Company's Remuneration Committee, the Company has yesterday granted options over Moss Bros Group plc ordinary shares of 5 pence each ("Ordinary Shares") to certain directors and certain persons discharging managerial responsibility ("PDMR").

 

The options were granted under the Moss Bros Group 2009 Long-Term Incentive Plan ("LTIP Options").

 

The LTIP Options have been granted over a total of 2,514,357 Ordinary Shares.

 

Vesting of the LTIP Options, which will be exercisable at nil consideration, is subject to the continued employment of the participant and, for the Chief Executive Officer and Finance Director, is additionally subject to the satisfaction of performance conditions.  Clawback provisions will apply to this award in the event of malus.

 

Due to the substantial reduction in the Company's share price over the last year, awards for executive directors in 2019 have been reduced from the normal policy levels. The Chief Executive Officer's award has been reduced from 100% of base salary to 70% and the Finance Director's award has been reduced from 70% of base salary to 60%.

 

The Company approved and ratified the above transaction relating to LTIP Options on 8 April 2019.

 

In accordance with Regulation (EU) No 596/2014 (the Market Abuse Regulation), detailed information about the grant of the LTIP Options is attached to this announcement.

 

 

For further information please contact:

 

Moss Bros Group Plc                                                                                    0207 447 7200

Brian Brick, CEO

Tony Bennett, Finance Director and Company Secretary   


The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Brian Brick

2

 

Reason for the notification

 

a)

 

Position/status

 

PDMR - Chief Executive

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Moss Bros Group plc

b)

 

LEI

 

 

213800XVHF1G87DV5997

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

 

Identification code

 

Nil cost options over ordinary shares of 5 pence

 

 

ISIN: GB0006056104

 

b)

 

Nature of the transaction

 

 

Grant of options

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

Nil cost options

1,088,709

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

N/A

e)

 

Date of the transaction

 

 

8 April 2019

f)

 

Place of the transaction

 

Outside trading venue



The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Tony Bennett

2

 

Reason for the notification

 

a)

 

Position/status

 

PDMR - Finance Director

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Moss Bros Group plc

b)

 

LEI

 

 

213800XVHF1G87DV5997

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

 

Identification code

 

Nil cost options over ordinary shares of 5 pence

 

 

ISIN: GB0006056104

 

b)

 

Nature of the transaction

 

 

Grant of options

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

Nil cost options

677,419

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

N/A

e)

 

Date of the transaction

 

8 April 2019

f)

 

Place of the transaction

 

Outside trading venue

 


The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Nicholas Reed

2

 

Reason for the notification

 

a)

 

Position/status

 

PDMR

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Moss Bros Group plc

b)

 

LEI

 

 

213800XVHF1G87DV5997

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

 

Identification code

 

Nil cost options over ordinary shares of 5 pence

 

 

ISIN: GB0006056104

 

b)

 

Nature of the transaction

 

 

Grant of options

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

Nil cost options

270,120

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

N/A

e)

 

Date of the transaction

 

8 April 2019

f)

 

Place of the transaction

 

Outside trading venue

 


The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Conor Gunn

2

 

Reason for the notification

 

a)

 

Position/status

 

PDMR

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Moss Bros Group plc

b)

 

LEI

 

 

213800XVHF1G87DV5997

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

 

Identification code

 

 

Nil cost options over ordinary shares of 5 pence

 

 

ISIN: GB0006056104

 

b)

 

Nature of the transaction

 

 

Grant of options

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

Nil cost options

172,811

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

N/A

e)

 

Date of the transaction

 

8 April 2019

f)

 

Place of the transaction

 

Outside trading venue



The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Jacqueline Lunardi

2

 

Reason for the notification

 

a)

 

Position/status

 

PDMR

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Moss Bros Group plc

b)

 

LEI

 

 

213800XVHF1G87DV5997

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

 

Identification code

 

Nil cost options over ordinary shares of 5 pence

 

 

ISIN: GB0006056104

 

b)

 

Nature of the transaction

 

 

Grant of options

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

Nil cost options

149,769

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

N/A

e)

 

Date of the transaction

 

8 April 2019

f)

 

Place of the transaction

 

Outside trading venue

 


The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Ian Shaw

2

 

Reason for the notification

 

a)

 

Position/status

 

PDMR

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Moss Bros Group plc

b)

 

LEI

 

 

213800XVHF1G87DV5997

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

 

Identification code

 

Nil cost options over ordinary shares of 5 pence

 

 

ISIN: GB0006056104

 

b)

 

Nature of the transaction

 

 

Grant of options

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

Nil cost options

155,529

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

N/A

e)

 

Date of the transaction

 

8 April 2019

f)

 

Place of the transaction

 

Outside trading venue

 


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 [email protected] or visit www.rns.com.
 
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