On October 19, 2023, Next PLC announced that certain directors and persons closely associated with them have been granted share options under the Next PLC 2020 Sharesave Plan. Lord Wolfson of Aspley Guise and Jane Shields have each elected for a plan term of 5 years. The exercise price of £58.50 was set in accordance with HMRC rules for sharesave plans. The sharesave contracts will commence on December 1, 2023, and the options will be exercisable for a period of 6 months following the maturity date of December 1, 2028.
Lord Wolfson of Aspley Guise, the Chief Executive of Next PLC, has been granted 270 sharesave options, while Jane Shields, the Group Sales, Marketing, and HR Director, has been granted 221 sharesave options. The options are over ordinary shares of £0.10 each, with the identification code GB0032089863. The transaction took place outside a trading venue on October 19, 2023.
No aggregated information regarding volume or price was provided in the announcement. The LEI (Legal Entity Identifier) of Next PLC is 213800WQD8ECPZP9PH98.