SUPERDRY PLC — Remuneration Information 2019

Sep 25, 2019

National Storage Mechanism | Additional information

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RNS Number : 6401N

Superdry PLC

25 September 2019

SuperdryPlc

("Superdry") ("the Company")

25 September 2019

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 2019 Conditional Share Awards

On 24 September 2019, the PDMRs named below were granted conditional share awards over Ordinary Shares under the terms of the Superdry 2019 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
Nick Gresham - Chief Financial Officer	143,885
Phil Dickinson - Creative Director	152,878
Gordon Knox - Director of Logistics	47,962
Lucy Maitland-Walker - Merchandising Director	54,614
Shaun Packe - Global Sourcing and Sustainability Director	47,962
Thomas Vuillez - Vice President - USA	70,079
Guy Youll - Group Human Resources Director	44,365
Jon Wragg - Global Trading Director	73,381

The above awards were notified to the Company by each PDMR referred to above on 24 September 2019.

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:

1.           30% of the award is based on the compound annual growth rate ("CAGR") in the Company's   earnings per share ("EPS") measured over the three years ending with the 2021/22 financial   year as follows:

·      10% of the EPS-related part of the award will for EPS growth of 15% p.a. increasing on a straight-line basis to 50% vesting for EPS growth of 23% p.a. increasing on a straight-line basis to 100% vesting for EPS growth of 30% p.a. or more.

2.       70% of the award is based on comparing the Company's total shareholder return ("TSR") measured over three years from the grant date against a bespoke group of relevant companies ("Comparator Group").

·      25% of the TSR-related part of the award will vest if the Company's TSR is equal to that of the median ranked company in the Comparator Group increasing on a straight-line basis to 100% vesting if the Company's TSR is equal to higher than that of the upper quartile ranked company in the Comparator Group.

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. 

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.   Nick Gresham

2.   Phil Dickinson

3.   Gordon Knox

4.   Lucy Maitland-Walker

5.   Shaun Packe

6.   Thomas Vuillez

7.   Guy Youll

8.   Jon Wragg

2

Reason for the notification

a)

Position/status

1.   Chief Financial Officer

2.   Creative Director

3.   Director of Logistics

4.   Merchandising Director

5.   Global Sourcing and Sustainability Director

6.   Vice President - USA

7.   Group Human Resources Director

8.   Global Trading Director

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 2019 Performance Share Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
1.   £4.170 2.   £4.170 3.   £4.170 4.   £4.170 5.   £4.170 6.   £4.170 7.   £4.170 8.   £4.170	1. 143,885 2. 152,878 3. 47,962 4. 54,614 5. 47,962 6. 70,079 7. 44,365 8. 73,381

d)

Aggregated information

Price(s)	Aggregated Volume(s)
1.   £600,000.00 2.   £637,500.00 3.   £200,000.00 4.   £227,739.76 5.   £200,000.00 6.   £292,230.38 7.   £185,000.00 8.   £306,000.00	1. 143,885 2. 152,878 3. 47,962 4. 54,614 5. 47,962 6. 70,079 7. 44,365 8. 73,381

e)

Date of the transaction

24 September 2019

f)

Place of the transaction

London Stock Exchange (XLON)

25 September 2019

For further information:
Superdry Plc
Simon Callander Company Secretary	+44 (0) 1242 586643 simon.callander@superdry.com

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