BROWN (N) GROUP PLC — Director's Dealing 2021

Aug 9, 2021

National Storage Mechanism | Additional information

RNS Number : 9876H

Brown (N.) Group PLC

09 August 2021

09 August 2021

N BROWN GROUP PLC - GRANT OF NIL COST OPTIONS

N Brown Group plc announces that on 06 August 2021 nil cost options were granted to its Chief Executive Officer, Steve Johnson, over 1,307,196 shares and its Chief Financial Officer, Rachel Izzard, over 897,095 shares ("Awards") under the terms of the N Brown Group plc 2014 Long-Term Incentive Plan.

The number of shares placed under Award was based on the closing mid-market price for the preceding day which was 49.5 pence.

The performance conditions and targets for the 2021 Awards are as follows:

	Percentage of each part of the award that will vest	TSR Relative TSR compared to the FTSE SmallCap Excluding Investment Trusts	Adjusted EPS Growth from FY21 to FY24**
Weighting		50%	50%
Below threshold	0%	Ranking below median	Less than 4% CAGR
Threshold*	25%	Ranking at median	At least 4% CAGR
Maximum*	100%	Ranking at upper quartile or above	12% CAGR or above

*For performance that is between the threshold and maximum levels, awards vest on a straight-line basis

** CAGR - Compound Annual Growth Rate.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Stephen Johnson
2	Reason for the notification
a)	Position/status	CEO, 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	Nil cost options over Ordinary shares of 11 1/19 pence
Identification code	GB00B1P6ZR11
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		Nil cost options	1,307,196
d)	Aggregated information
- Aggregated volume	N/A- single transaction
- Price
e)	Date of the transaction	06 August 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Rachel Izzard
2	Reason for the notification
a)	Position/status	CFO, 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	Nil cost options over Ordinary shares of 11 1/19 pence
Identification code	GB00B1P6ZR11
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		Nil cost options	897,095
d)	Aggregated information
- Aggregated volume	N/A- single transaction
- Price
e)	Date of the transaction	06 August 2021
f)	Place of the transaction	Outside a trading venue

For further information:

Theresa Casey

General Counsel and Company Secretary, N Brown Group plc

+44(0)161 238 2298

Shore Capital - Nomad and Broker

Dru Danford / Stephane Auton / Daniel Bush / John More

+44(0) 20 7408 4090

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

DSHGRGDILDGDGBC