SUPERDRY PLC — Remuneration Information 2018

Jul 9, 2018

National Storage Mechanism | Additional information

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RNS Number : 0612U

Superdry PLC

09 July 2018

SuperdryPlc

("the Company")

9 July 2018

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

Share Awards ("Awards")

On 6 July 2018 the Company made Awards in relation to 45,539 ordinary shares of 5 pence each ("Ordinary Shares") in the capital of the Company in favour of Ed Barker, its Chief Financial Officer.

The Awards were made in accordance with the terms which the Company had offered Ed in order to recruit him as Chief Financial Officer.  Under those terms the Company had agreed to make the Awards in order to compensate Ed for bonus awards (cash and deferred share bonuses) and outstanding long-term incentive plan awards that he would forfeit on leaving his previous employment.  In determining the Awards the underlying principle was that Ed would be compensated on a like-for-like basis in terms of vesting periods, value and applicable performance conditions. The Awards were calculated using the Company's share price at the close of business on 5 July 2018 of £12.43.

Of the 45,539 shares awarded:-

·     22,189 were awarded on an unrestricted basis and vested on 6 July 2018; and

·     23,350 were awarded on a restricted basis and will normally vest, subject to Ed's continued service with the Company, as to:-

o  14,012 shares on 31 May 2019; and

o  9,338 shares on 31 May 2020.   

In relation to the 22,189 shares awarded on an unrestricted basis Ed subsequently sold, on the same day, the number of Ordinary Shares set out in the respective columns in the table immediately below.  The proceeds of the shares sold were used to settle the income tax, national insurance liability and dealing charges incurred as a result of the unrestricted elements of the Awards vesting.

	Number of Ordinary Shares
Name / Position of PDMR	Unrestricted Shares	Sold at £12.48 per share	Retained Unrestricted Shares	Restricted Shares
Ed Barker - Chief Financial Officer	22,189	10,460	11,729	23,350

The above transactions were notified to the Company by the PDMR referred to above on 6 July 2018.

This announcement, including the notification 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

Ed Barker

2

Reason for the notification

a)

Position/status

Chief Financial Officer/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

(A) (i) Vesting of unrestricted share award under the terms agreed in relation to Ed's recruitment and (ii) subsequent sale of shares (at £12.48 per share) to settle income tax, national insurance liability and dealing charges.

(B) Grant of restricted share awards.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
(A) (i) £12.43 (ii) £12.48 (B) £12.43	(A) (i) 22,189 (ii)10,460 (B) 23,350

d)

Aggregated information

Price(s)	Aggregated volume (s)
(A) (i) £275,809.27 (ii) £130,540.80 (B) £290,240.50	(A) (i) 22,189 (ii) 10,460 (B) 23,350

e)

Date of the transaction

6 July 2018

f)

Place of the transaction

London Stock Exchange (XLON)

For further information:
Superdry Plc
Simon Callander Group General Counsel and Company Secretary	+44 (0) 1242 586643

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.

END

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