RNS Number : 0719M
SuperGroup PLC
25 July 2017
 

SuperGroup Plc

("SuperGroup" or the "Company")

 

25 July 2017

 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMR") and persons closely associated with them ("PCA")

SuperGroup Performance Share Plan ("PSP"): Grant of 2017 Conditional Share Awards

 

On 20 July 2017, the PDMRs named below were granted conditional share awards over Ordinary Shares under the terms of the SuperGroup 2017 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

 

Hugo Adams - Group Marketing, Ecommerce and Business Development Director

19,737

Simon Callander - Group General Counsel and Company Secretary

15,680

Andrea Cartwright - Group HR Director

13,884

 

Paula Kerrigan - Transformation Director

17,014

 

Euan Sutherland - Chief Executive Officer

95,282

 

Nick Tatum - Global Retail Director

18,375

 

Nick Wharton - Chief Financial Officer

27,768

 

Jon Wragg - Global Trading Director

20,017

 

 

The above awards were notified to the Company by each PDMR referred to above on 24 July 2017.

 

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, measured over a performance period of three financial years of the Company ending with the 2019/2020 financial year:

1.           70% of the award is based on the compound annual growth rate ("CAGR") in the Company's earnings per share ("EPS") measured over the performance period.

·               25% of the EPS-related part of the award will vest if the CAGR in the EPS is 8%, increasing on a straight-line basis to 50% vesting if the CAGR in the EPS is 10% and increasing on a straight-line basis to 100% vesting if the CAGR in the EPS is 12% or more.

2.           30% of the award is based on comparing the Company's total shareholder return ("TSR") measured over the performance period against the TSR over the performance period of each company in a bespoke group of companies selected from appropriate subsectors of the FTSE All Share Index ("Comparator Group").

·               25% of the TSR-related part of the award will vest if the Company's TSR is ranked at the median of the companies in the Comparator Group by reference to their TSR, increasing on a straight-line basis to 100% vesting if the Company's TSR is ranked at the upper quartile of the companies in the Comparator Group by reference to their TSR or higher than such upper quartile.

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.  The awards are subject to the rules of the Plan and in particular the malus and clawback provisions set out therein.

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.   Hugo Adams

2.   Simon Callander

3.   Andrea Cartwright

4.   Paula Kerrigan

5.   Euan Sutherland

6.   Nick Tatum

7.   Nick Wharton

8.   Jon Wragg

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

1.   Group Marketing, Ecommerce and Business Development Director/PDMR

2.   Group General Counsel and Company Secretary/PDMR

3.   Group HR Director/PDMR

4.   Transformation Director/PDMR

5.   Chief Executive Officer/PDMR

6.   Global Retail Director/PDMR

7.   Chief Financial Officer/PDMR

8.   Global Trading Director/PDMR

 

b)

 

Initial notification /Amendment

 

Initial notification

3

 

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

 

a)

 

Name

 

SuperGroup 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 financial instrument, type of instrument

 

Identification code

 

Ordinary shares of 5 pence each

 

 

 

ISIN: GB00B60BD277

 

b)

 

Nature of the transaction

 

 

Grant of conditional share awards under the SuperGroup 2017 Performance Share Plan

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

1.   £14.987

2.   £14.987

3.   £14.987

4.   £14.987

5.   £14.987

6.   £14.987

7.   £14.987

8.   £14.987

 

19,737

15,680

13,884

17,014

95,282

18,375

27,768

20,017

d)

 

Aggregated information

 

 

Price(s)

 

Aggregated Volume(s)

1.   £295,798.42

2.   £234,996.16

3.   £208,079.51

4.   £254,988.82

5.   £1,427,991.33

6.   £275,386.13

7.   £416,159.02

8.   £299,994.78

 

19,737

15,680

13,884

17,014

95,282

18,375

27,768

20,017

 

e)

 

Date of the transaction

 

20 July 2017

f)

 

Place of the transaction

 

London Stock Exchange (XLON)

 

 

Enquiries:

 


SuperGroup Plc


Vanessa Lewis Camacho

Deputy Company Secretary

+44 (0) 7825 912980

 

This information is provided by RNS
The company news service from the London Stock Exchange
 

END

 
 

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