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WICKES GROUP PLC: Director / PDMR Shareholding

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WICKES GROUP PLC (WIX)
29-Sep-2021 / 16:32 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

Wickes Group PLC

(the 'Company')

 

Notifications of transactions by Persons Discharging Managerial

Responsibilities ('PDMRs')

 

Further to a prospectus of the Company dated 24 March 2021 the Company announces that on 28 September 2021 (the 'Grant Date') the following awards in respect of ordinary shares of 10 pence each in the Company ('Shares') were made by way of nil cost option under the Wickes Long Term Incentive Plan to PDMRs as set out below. 

 

The number of shares subject to the options awarded has been calculated using a share price of 221.2 pence, being the closing market price of the Company's Shares on the dealing day immediately preceding the Grant Date. 

 

Award

PDMR 

Number of 

Shares

under option

Option Price 

 

Transitional Award

David Wood

391,614

nil

Transitional Award

Julie Wirth

237,342

nil

LTIP

David Wood

391,614

nil

LTIP

Julie Wirth

237,342

nil

 

The options under the Transitional Awards comprise two tranches of which 50% will vest on 28 April 2022 and 50% will vest on 28 April 2023 subject to assessment against agreed performance conditions that include achievement of a financial underpin. Vested options will be subject to a two year holding period.  

 

The options under the LTIP will vest on 28 September 2024 subject to the achievement of performance conditions.  Vested options will be subject to a two year holding period.

 

If options vest they will normally be exercisable until the tenth anniversary of the Grant Date.

 

In the event that dividends are paid in the period between the Grant Date and the Normal Vesting Date (or, where Shares under an Option are subject to a Holding Period, the earlier of the date of expiry of the Holding Period or the date of exercise of the Option), the number of shares awarded will be increased to reflect the dividends that would have accrued had they been reinvested in shares.

 

This Notification is made in accordance with the requirements of Article 19 of the UK Market Abuse Regulation. The Notification of Dealing Forms for each PDMR can be found below.

 

For further information please contact: 

 

Marianne Phillips

Assistant Company Secretary 

Tel: (44) 7552 211056

 

Notification of Dealing Forms

 

1

Details of the person discharging managerial responsibilities/ person closely associated 

a)

Name

David Wood

2

Reason for the notification

a)

Position/Status 

PDMR

b)

Initial notification/Amendment 

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer

or auction monitor 

a)

Name 

Wickes Group plc

b)

LEI 

213800IEX9ZXJRAOL133

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 transaction have been

conducted

a)

Description of the financial

instrument, 

type of instrument

Identification code 

Ordinary Shares of 10 pence each

 

ISIN: GB00BL6C2002

b)

Nature of the transaction 

Grant of options under the Wickes Long Term Incentive Plan

c)

Price(s) and volume (s) 

 

 

Price(s)

Volume(s)

£2.212

£2.212

391,614

391,614

d)

Aggregated information 

 

-Aggregated volume

 

-Price

 

 

 

Aggregate

Price

Aggregate

Volume

Aggregate

Total

£2.212

783,228

£1,732,500.34

e)

Date of the transaction

28 September 2021

f)

Place of the transaction 

XLON

 

 

 

 

 

 

 

1

Details of the person discharging managerial responsibilities/ person closely associated 

a)

Name

Julie Wirth

2

Reason for the notification

a)

Position/Status 

PDMR

b)

Initial notification/Amendment 

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer

or auction monitor 

a)

Name 

Wickes Group plc

b)

LEI 

213800IEX9ZXJRAOL133

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 transaction have been

conducted

a)

Description of the financial

instrument, 

type of instrument

Identification code 

Ordinary Shares of 10 pence each

 

ISIN: GB00BL6C2002

b)

Nature of the transaction 

Grant of options under the Wickes Long Term Incentive Plan

c)

Price(s) and volume (s) 

 

 

Price(s)

Volume(s)

£2.212

£2.212

 

237,342

237,342

 

d)

Aggregated information 

 

-Aggregated volume

 

-Price

 

 

 

Aggregate

Price

Aggregate

Volume

Aggregate

Total

£2.212

474,684

£1,050,001.01

e)

Date of the transaction

28 September 2021

f)

Place of the transaction 

XLON

 

 

 

 

 

 

 


ISIN:

GB00BL6C2002

Category Code:

DSH

TIDM:

WIX

LEI Code:

213800IEX9ZXJRAOL133

OAM Categories:

3.1. Additional regulated information required to be disclosed under the laws of a Member State

Sequence No.:

123216

EQS News ID:

1236911


 

End of Announcement

EQS News Service

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