9th Feb 2021 18:00
9 February 2021
Studio Retail Group plc (the "Group") Director/PDMR Dealings
Studio Retail Group plc, the digital value retail business, announces that awards previously issued pursuant to the Studio Retail Group plc Performance Share Plan 2016 have been exercised by Phil Maudsley (CEO), Stuart Caldwell (CFO), Paul Kendrick (MD, Studio Retail Ltd and CEO Designate) and Mark Ashcroft (Company Secretary), each being a Person Discharging Managerial Responsibilities ("PDMR"). In each case the option was settled in part by the transfer of ordinary shares to the relevant PDMR and in part with a cash payment equal to market value of a sufficient number of ordinary shares to meet the PDMR's liability to income tax and employee's national insurance arising on the exercise of the option.
The notifications below, made in accordance with the requirements of the UK Market Abuse Regulation, provide further detail.
Enquiries
Studio Retail Group plc
Ian Burke 0161 303 3465
Tulchan Communications
Will Smith
020 7353 4200
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Philip Maudsley | |||
2 | Reason for the notification | ||||
a) | Position/status | CEO | |||
b) | Initial notification /Amendment | Initial | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Studio Retail Group plc | |||
b) | LEI | 2138006V9ZT2KO6PZY81 | |||
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 transactions have been conducted | ||||
a) | Description of the financial instrument, type of instrument
Identification code | Ordinary shares of 10 pence each
GB00B8B4R053 | |||
b) | Nature of the transaction | Exercise of vested nil-cost options issued pursuant to the Studio Retail Group plc Performance Share Plan 2016 (as to 47% of the vested shares number, cash in lieu of such shares to cover income tax and employee's national insurance arising on exercise) | |||
c) | Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Nil-cost option exercised
286 pence per share | 104,361 (settled in part by the transfer of 55,311 ordinary shares to the PDMR and in part with a cash payment equal to market value of 49,050 ordinary shares to meet the PDMR's liability to income tax and employee's national insurance arising on the exercise of the option over 104,361 shares) | ||||
d) | Aggregated information
- Aggregated volume
- Price |
N/A | |||
e) | Date of the transaction | 8 February 2021 | |||
f) | Place of the transaction | Exercise of option outside a trading venue
Sale of Shares on London Stock Exchange | |||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Stuart Caldwell | |||
2 | Reason for the notification | ||||
a) | Position/status | CFO | |||
b) | Initial notification /Amendment | Initial | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Studio Retail Group plc | |||
b) | LEI | 2138006V9ZT2KO6PZY81 | |||
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 transactions have been conducted | ||||
a) | Description of the financial instrument, type of instrument
Identification code | Ordinary shares of 10 pence each
GB00B8B4R053 | |||
b) | Nature of the transaction | Exercise of vested nil-cost options issued pursuant to the Studio Retail Group plc Performance Share Plan 2016 (as to 47% of the vested shares number, cash in lieu of such shares to cover income tax and employee's national insurance arising on exercise) | |||
c) | Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Nil-cost option exercised
286 pence per share | 67,557(settled in part by the transfer of 35,805 ordinary shares to the PDMR and in part with a cash payment equal to market value of 31,752 ordinary shares to meet the PDMR's liability to income tax and employee's national insurance arising on the exercise of the option over 67,557 shares) | ||||
d) | Aggregated information
- Aggregated volume
- Price |
N/A | |||
e) | Date of the transaction | 8 February 2021 | |||
f) | Place of the transaction | Exercise of options outside a trading venue
Sale of shares on London Stock Exchange | |||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Paul Kendrick | |||
2 | Reason for the notification | ||||
a) | Position/status | Managing Director, Studio Retail Ltd and CEO Designate | |||
b) | Initial notification /Amendment | Initial | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Studio Retail Group plc | |||
b) | LEI | 2138006V9ZT2KO6PZY81 | |||
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 transactions have been conducted | ||||
a) | Description of the financial instrument, type of instrument
Identification code | Ordinary shares of 10 pence each
GB00B8B4R053 | |||
b) | Nature of the transaction | Exercise of vested nil-cost options issued pursuant to the Studio Retail Group plc Performance Share Plan 2016 (as to 47% of the vested shares number, cash in lieu of such shares to cover income tax and employee's national insurance arising on exercise) | |||
c) | Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Nil-cost option exercised
286 pence per share | 51,039 (settled in part by the transfer of 27,050 ordinary shares to the PDMR and in part with a cash payment equal to market value of 23,989 ordinary shares to meet the PDMR's liability to income tax and employee's national insurance arising on the exercise of the option over 51,039 shares) | ||||
d) | Aggregated information
- Aggregated volume
- Price |
N/A | |||
e) | Date of the transaction | 8 February 2021 | |||
f) | Place of the transaction | Exercise of options outside a trading venue
Sale of shares on London Stock Exchange | |||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Mark Ashcroft | |||
2 | Reason for the notification | ||||
a) | Position/status | Company Secretary | |||
b) | Initial notification /Amendment | Initial | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Studio Retail Group plc | |||
b) | LEI | 2138006V9ZT2KO6PZY81 | |||
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 transactions have been conducted | ||||
a) | Description of the financial instrument, type of instrument
Identification code | Ordinary shares of 10 pence each
GB00B8B4R053 | |||
b) | Nature of the transaction | Exercise of vested nil-cost options issued pursuant to the Studio Retail Group plc Performance Share Plan 2016 (as to 47% of to cover income tax and employee's national insurance arising on exercise) | |||
c) | Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Nil-cost option Exercised
286 pence per share | 37,271 (settled in part by the transfer of 19,753 ordinary shares to the PDMR and in part with a cash payment equal to market value of 17,518 ordinary shares to meet the PDMR's liability to income tax and employee's national insurance arising on the exercise of the option over 37,271 shares) | ||||
d) | Aggregated information
- Aggregated volume
- Price |
N/A | |||
e) | Date of the transaction | 8 February 2021 | |||
f) | Place of the transaction | Exercise of options outside a trading venue
Sale of shares on London Stock Exchange | |||
Related Shares:
STU.L