RNS Number : 3154G

Watches of Switzerland Group PLC

22 July 2019

Watches of Switzerland Group PLC

Notification of transactions by Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them

Watches of Switzerland Group PLC (the "Company") announces the following persons discharging managerial responsibility were granted awards under the Watches of Switzerland Group PLC 2019 Long Term Incentive Plan. The awards were granted in the form of nil cost options and vest by reference to a three- year cumulative EPS (pre-exceptionals and pre IFRS 16 adjustment)  performance measure with 20% of the award vesting at a cumulative EPS of 62.11p and 100% of the award vesting at a cumulative EPS of 68.65p.Options vest on a straight line basis between those targets.  

For enquiries, contact:

Paul Eardley Company Secretary +44 207 317 4604

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Brian Duffy

2

Reason for the notification

a)

Position/status

Executive Director-PDMR

b)

Initial notification/Amendment

Initial Notification   

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Watches of Switzerland Group PLC

b)

LEI

2138008ZOT5K9PJW7168

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 £0.0125

ISIN: GB00BJDQQ870

b)

Nature of the transaction

Grant of nil cost options under the Watches of Switzerland Group PLC 2019 Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil cost	370,370

d)

Aggregated information

- Aggregated volume

- Price

N/A

N/A

e)

Date of the transaction

July 22^nd 2019

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Anders Romberg

2

Reason for the notification

a)

Position/status

Executive Director-PDMR

b)

Initial notification/Amendment

Initial Notification   

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Watches of Switzerland Group PLC

b)

LEI

2138008ZOT5K9PJW7168

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 £0.0125

 ISIN: GB00BJDQQ870

b)

Nature of the transaction

Grant of nil cost options under the Watches of Switzerland Group PLC 2019 Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil cost	226,852

d)

Aggregated information

- Aggregated volume

- Price

N/A

N/A

e)

Date of the transaction

July 22^nd 2019

f)

Place of the transaction

Outside a trading venue

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