Debenhams plc Director/PDMR Shareholding (8940G)
June 01 2017 - 8:57AM
UK Regulatory
TIDMDEB
RNS Number : 8940G
Debenhams plc
01 June 2017
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
Debenhams plc (the "Company") announces that the following
persons discharging managerial responsibilities (PDMRs) were
granted awards under the Debenhams Performance Share Plan ("PSP").
The PSP awards were granted in the form of 0.01p pence options and
the PDMRs will be entitled to exercise their awards within the six
months from the vesting date, subject to the extent to which the
performance conditions have been satisfied. 70% of the award will
vest by reference to an underlying EPS measure and 30% of the award
will vest by reference to four strategic performance measures. The
EPS measure for FY 2019 is an absolute target between 5.6p and 8.0p
with 25% of the tranche vesting at 5.6p, 50% of the tranche vesting
at 6.0p (consensus) and 100% of the tranche vesting at 8p. There is
straight line vesting between these points. The four strategic
measures are beauty GTV growth, food GTV growth, mobile GTV growth
and online cost per unit improvements. Vesting in respect of these
four strategic measures is also subject to the company meeting a
ROCE underpin.
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -----------------------------------------------------------
a) Name
Sergio Bucher
--- ------------------------- --------------------------------
2 Reason for the notification
--- -----------------------------------------------------------
a) Position/status
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 Debenhams plc
--- ------------------------- --------------------------------
b) LEI 5493007MMUEIF4NJG110
--- ------------------------- --------------------------------
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 Ordinary Shares of 0.01p
instrument, type each
of instrument
GB00B126KH97
Identification
code
--- ------------------------- --------------------------------
b) Nature of the Award of 0.01p option under
transaction the Debenhams plc Performance
Share Plan
--- ------------------------- --------------------------------
c) Price(s) and volume(s) Price(s) Number of shares
under award
---------- -----------------
n/a 2,794,411
---------- -----------------
--- ------------------------- --------------------------------
d) Aggregated information
- Aggregated volume 2,794,411
- Value Value at transaction date
GBP1,400,000
--- ------------------------- --------------------------------
e) Date of the transaction 31 May 2017
--- ------------------------- --------------------------------
f) Place of the transaction Debenhams plc
--- ------------------------- --------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -----------------------------------------------------------
a) Name
Matthew Smith
--- ------------------------- --------------------------------
2 Reason for the notification
--- -----------------------------------------------------------
a) Position/status
Chief Financial Officer
--- ------------------------- --------------------------------
b) Initial notification
/Amendment Initial Notification
--- ------------------------- --------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------
a) Name Debenhams plc
--- ------------------------- --------------------------------
b) LEI 5493007MMUEIF4NJG110
--- ------------------------- --------------------------------
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 Ordinary Shares of 0.01p
instrument, type each
of instrument
GB00B126KH97
Identification
code
--- ------------------------- --------------------------------
b) Nature of the Award of 0.01p option under
transaction the Debenhams plc Performance
Share Plan
--- ------------------------- --------------------------------
c) Price(s) and volume(s) Price(s) Number of shares
under award
---------- -----------------
n/a 834,872
---------- -----------------
--- ------------------------- --------------------------------
d) Aggregated information
- Aggregated volume 834,872
- Value Value at transaction date
GBP418,271
--- ------------------------- --------------------------------
e) Date of the transaction 31 May 2017
--- ------------------------- --------------------------------
f) Place of the transaction Debenhams plc
--- ------------------------- --------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -----------------------------------------------------------
a) Name
Suzanne Harlow
--- ------------------------- --------------------------------
2 Reason for the notification
--- -----------------------------------------------------------
a) Position/status
Group Trading Director
--- ------------------------- --------------------------------
b) Initial notification
/Amendment Initial Notification
--- ------------------------- --------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------
a) Name Debenhams plc
--- ------------------------- --------------------------------
b) LEI 5493007MMUEIF4NJG110
--- ------------------------- --------------------------------
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 Ordinary Shares of 0.01p
instrument, type each
of instrument
GB00B126KH97
Identification
code
--- ------------------------- --------------------------------
b) Nature of the Award of 0.01p option under
transaction the Debenhams plc Performance
Share Plan
--- ------------------------- --------------------------------
c) Price(s) and volume(s) Price(s) Number of shares
under award
---------- -----------------
n/a 834,872
---------- -----------------
--- ------------------------- --------------------------------
d) Aggregated information
- Aggregated volume 834,872
- Value Value at transaction date
GBP418,271
--- ------------------------- --------------------------------
e) Date of the transaction 31 May 2017
--- ------------------------- --------------------------------
f) Place of the transaction Debenhams plc
--- ------------------------- --------------------------------
END
This information is provided by RNS
The company news service from the London Stock Exchange
END
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