AI Terminal
Watches of Switzerland Group PLC
Director's Dealing • Feb 13, 2023
5023_dirs_2023-02-13_faa1241d-ac97-4375-b0c6-29fcfe04657d.html
Director's Dealing
Open in ViewerOpens in native device viewer
National Storage Mechanism | Additional information 
RNS Number : 7611P
Watches of Switzerland Group PLC
13 February 2023
Watches of Switzerland Group PLC (the'Company')
Notification of transactions by Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them
The following information is given in accordance with Article 19.3 of the Market Abuse Regulation and is made on behalf of Bill Floydd a PDMR, in Watches of Switzerland Group PLC under article 19.1 of the Market Abuse Regulation ('MAR').
Watches of Switzerland Group PLC (the 'Company') announces that Bill Floydd has exercised in full Award 1 of the Buy Out option (the 'Option') that was granted to him on 17 February 2022, shortly after he joined the Company, as part of the compensation awarded to him for awards forfeited for leaving his previous employer. Further details can be found within the Company announcement of 17 February 2022.
The Option became exerciseable in October 2022. The performance conditions, applicable to the Option, had previously been achieved as of October 2021, when Bill was employed by his previous employer.
As a result of the exercise of the Option, 814 shares were sold to cover the underlying tax liability. Bill will retain the balance of the award - namely 907 shares. Bill's holding now amounts to 907 shares.
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Bill Floydd
2
Reason for the notification
a)
Position/status
Chief Financial Officer
b)
Initial notification/Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Watches of Switzerland Group PLC
b)
LEI
2138008ZOT5K9PJW7168
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 £0.0125
ISIN: GB00BJDQQ870
b)
Nature of the transaction
Exercise in full of Option awarded at time of joining the Company and disposal of such number of shares as was necessary to cover the tax liability which crystallised on exercise of the Option.
c)
Price(s) and volume(s)
| Price | Number of options exercised | Number of shares sold to cover Tax Liability | Number of shares retained |
| £8.334 | 1,721 | 814 | 907 |
d)
Aggregated information
- Aggregated volume
- Price
| Price per share | Value £ |
|
| Shares sold to cover Tax Liability | £8.334 | £6,784 |
| Shares Retained | £8.334 | £7,559 |
e)
Date of the transaction
10 February 2023
f)
Place of the transaction
XLON
Contact
Stephanie Crinnegan
Director of Investor Relations and Corporate Affairs
T: 0207 317 4600
Laura Battley
Company Secretary & General Counsel
T: 0207 317 4601
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 [email protected] 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
DSHBSGDDUBBDGXX