Employee Benefit Trust Purchase of Employee Shares
Source: RNS
Date: 1 October 2021
FRASERS GROUP PLC
(the "Company")
PURCHASE BY THE FRASERS GROUP PLC EMPLOYEE BENEFIT TRUST OF EMPLOYEE SHARES
On 30 September 2021, a total of 4,853 ordinary shares of 10 pence each in the Company ("Shares") were acquired by two participants following the exercise of an award under the Company's share schemes. The 4,853 shares sold by the participants following exercise were acquired by Ocorian Limited as Trustee of the Sports Direct International plc Employee Benefit Trust (the "Trustee"), with the acquisition being funded by a loan advanced by the Company. The Shares were acquired at a price of 683.5 pence per Share (being an amount equal to the mid-market closing price of a Share on 30 September 2021) in an off-market transaction effected in Jersey. The Trustee has purchased these Shares in order to help meet future obligations arising under the Company's share schemes.
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Frasers Group plc Tom Piper, Company Secretary LEI: 213800JEGHHEAXIJDX34 |
T. 0344 245 9200 E. investor.relations@frasers.group
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