WICKES GROUP PLC: Director/PDMR Shareholding
WICKES GROUP PLC (WIX)
WICKES GROUP PLC: Director/PDMR Shareholding
03-Apr-2023 / 16:37 GMT/BST
Wickes Group PLC
(the ‘Company’)
Notifications of transactions by Persons Discharging Managerial
Responsibilities (‘PDMRs’)
The Company announces that on 31 March 2023 (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 Deferred Annual Bonus Plan (the ‘DABP’) and the Wickes Long Term Incentive Plan (the ‘LTIP’) to PDMRs as set out below.
The number of shares subject to the options awarded has been calculated using a share price of 135.24 pence, being the average of the closing market prices of the Company’s Shares on the five dealing days immediately preceding the Grant Date.
Award
PDMR
Number of
Shares
under option
Option
Price
DABP
David Wood
8,158
nil
DABP
Mark George
2,534
nil
LTIP
David Wood
682,802
nil
LTIP
Mark George
432,564
nil
The options under the DABP will vest on 31 March 2026.
The options under the LTIP will vest on 31 March 2026 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 the UK Market Abuse Regulation. The Notification of Dealing Forms for each PDMR can be found below.
For further information please contact:
Julia Herd
Deputy 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 Deferred Annual Bonus Plan and the Wickes Long Term Incentive Plan
c)
Price(s) and volume (s)
Price(s)
Volume(s)
£1.3524
DABP 8,158
LTIP 682,802
d)
Aggregated information
-Aggregated volume
-Price
Aggregate
Price
Aggregate
Volume
Aggregate
Total
£1.3524
690,960
£934,454.30
e)
Date of the transaction
31 March 2023
f)
Place of the transaction
XLON
1
Details of the person discharging managerial responsibilities/ person closely associated
a)
Name
Mark George
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 Deferred Annual Bonus Plan and the Wickes Long Term Incentive Plan
c)
Price(s) and volume (s)
Price(s)
Volume(s)
£1.3524
DABP 2,534
LTIP 432,564
d)
Aggregated information
-Aggregated volume
-Price
Aggregate
Price
Aggregate
Volume
Aggregate
Total
£1.3524
435,098
£588,426.54
e)
Date of the transaction
31 March 2023
f)
Place of the transaction
XLON
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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.: 234619 EQS News ID: 1600105
End of Announcement EQS News Service