N Brown Group PLC, a top 10 UK clothing & footwear digital retailer, disclosed the grant of nil-cost options to its Interim Executive Chair and CEO, Steve Johnson, over 1,527,101 shares, and to its CFO, Dominic Appleton, over 954,713 shares. These awards were issued under the N Brown Group plc Share Plan 2023 and are subject to vesting on the third anniversary of the grant, contingent on continued service, with a two-year holding period and a performance underpin prior to vesting.
The number of shares placed under Award was based on the closing mid-market price for the preceding trading day, 5 August 2024, which was 23.6 pence. The notifications provided detailed information in accordance with the UK Market Abuse Regulation.
The transactions were conducted outside a trading venue on 6 August 2024. The notifications included the details of the financial instruments, the nature of the transaction, and the names and positions of the persons discharging managerial responsibilities. The company also provided contact information for further inquiries.
N Brown Group PLC is a leading UK clothing and footwear digital retailer, and this announcement provides transparency regarding the shareholdings of its key executives, aligning with regulatory requirements and market best practices.