16th Apr 2025 16:00
Dr. Martens plc
Director/PDMR Shareholding
Notification of Transactions by Director/Person Discharging Managerial Responsibility
Dr. Martens plc (the 'Company') announces that it has been notified of the following transaction(s) in the Company's Ordinary 1p shares undertaken on behalf of a director and person discharging managerial responsibility ('PDMR').
On 15 April 2025, a tranche of restricted stock units ('RSUs') granted to Ije Nwokorie under the Company's Long Term Incentive Plan ('LTIP') prior to his appointment as Chief Executive Officer vested and sufficient shares were subsequently sold on his behalf to cover his consequent tax and national insurance liabilities.
This tranche constitutes a portion of the RSU award which was granted to Ije on 14 June 2024 in lieu of outstanding incentive awards he forfeited on leaving his previous employer (the 'Award'). The Award was made pursuant to the buyout arrangements agreed to secure Ije's recruitment to his previous role as Chief Brand Officer, which he held from February 2024 until rejoining the Board as Chief Executive Officer in January 2025, and in line with the stipulations of the Company's Remuneration Policy that 'buyout awards' be granted on a like-for-like basis to the extent possible. Full details of awards made to Ije under the LTIP will be disclosed in the Directors' Remuneration Report within the FY25 Annual Report, scheduled to be released in June 2025.
The relevant notifications, set out below, are provided in accordance with the requirements of Article 19 of the Market Abuse Regulation.
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Ije Nwokorie | ||||
2 | Reason for the notification | |||||
a) | Position/status | PDMR (Chief Executive Officer) | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Dr. Martens plc | ||||
b) | LEI | 213800QPT8YM6NQZPH28 | ||||
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 GBP 0.01 ISIN: GB00BL6NGV24 | ||||
b) | Nature of the transaction | Acquisition of shares following vesting of restricted stock units | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
|
N/A - single transaction | ||||
e) | Date of the transaction | 15 April 2025 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Ije Nwokorie | ||||
2 | Reason for the notification | |||||
a) | Position/status | PDMR (Chief Executive Officer) | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Dr. Martens plc | ||||
b) | LEI | 213800QPT8YM6NQZPH28 | ||||
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 GBP 0.01 ISIN: GB00BL6NGV24 | ||||
b) | Nature of the transaction | Sale of sufficient shares acquired from vesting of restricted stock units to cover tax and national insurance liabilities. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
|
N/A - single transaction | ||||
e) | Date of the transaction | 15 April 2025 | ||||
f) | Place of the transaction | XLON | ||||
Related Shares:
Dr. Martens