SUPERDRY PLC — Director's Dealing 2018

Apr 17, 2018

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RNS Number : 1650L

Superdry PLC

17 April 2018

SuperdryPlc

("Superdry") ("the Company")

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

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

On 16 April 2018, the PDMRs named below were granted conditional share awards over Ordinary Shares under the terms of the Superdry 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
Ed Barker - Chief Financial Officer Designate	36,106
Chris Lacey - Digital Director	5,687

The above awards were notified to the Company by each PDMR referred to above on 17 April 2018.

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.   Ed Barker

2.   Chris Lacey

2

Reason for the notification

a)

Position/status

1.   Chief Financial Officer Designate/PDMR

2.   Digital 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

Superdry 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 Superdry 2017 Performance Share Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
1.   £15.579 2.   £15.579	36,106 5,687

d)

Aggregated information

Price(s)	Aggregated Volume(s)
1.   £562,495.37 2.   £88,597.77	36,106 5,687

e)

Date of the transaction

16 April 2018

f)

Place of the transaction

London Stock Exchange (XLON)

17 April 2018

For further information:
Superdry Plc
Vanessa Lewis Camacho Deputy Company Secretary	+44 (0) 7825 912980 Vanessa.lewis-camacho@superdry.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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