RNS Number : 9056L
SuperGroup PLC
16 August 2013
 



SuperGroup plc

 

("SuperGroup" or the "Company")

 

SuperGroup Performance Share Plan Awards

 

This notification is made in accordance with DTR 3.1.4(1)(a).

 

On 15 August 2013, the following directors and persons discharging managerial responsibilities ("PDMRs") were granted awards over ordinary shares of 5p in SuperGroup plc (the "Company") under the SuperGroup Performance Share Plan:

 

 

Name of Director/PDMR

Number of Shares held under award

Susanne Given

31,278

Hans Schmitt

29,491

Shaun Wills

22,341

Chris Griffin

22,341

Keith Riley

15,192

Andrea Cartwright

14,298

 

No consideration was paid for the grant of the award which is structured as a conditional award. 

 

The vesting of an award is subject to the satisfaction of the following performance conditions, measured over a performance period of three financial years ending with the 2015/16 financial year:

 

1) 70% of the award is based on the Company's average annual earnings per share ("EPS") growth in excess of the Retail Prices Index ("RPI"). 

 

·      25% of the EPS-related part of the award will vest for average annual EPS growth of 12% in excess of RPI, increasing on a straight-line basis to 100% vesting for EPS growth of at least 18% per annum in excess of RPI.

 

2) 30% of the award is based on comparing the Company's total shareholder return ("TSR") against those companies listed in the following FTSE AllShare subsectors: Apparel Retailers, Broadline Retailers, Clothing and Accessories, Furnishings, Home Improvement Retailers, Recreational Products & Services, Restaurants & Bars, Specialty Retailers and Toys.

 

·      25% of the TSR-related part of the award will vest if the Company's TSR is ranked at the median of the bespoke group of companies, increasing on a straight-line basis to 100% vesting if the Company's TSR is ranked at the upper quartile of the comparator group.

 

Performance against each target is assessed independently.  The award will normally vest on the later of the third anniversary of grant and the determination of the performance conditions.

 

16 August 2013

Enquiries:

SuperGroup Plc

Shaun Wills - Chief Financial Officer

Tel: 01242 586456




College Hill

Justine Warren

Tel:  020 7457 2020


Jamie Ramsay





 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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