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
|
| |
|
|
|
|
|
