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Frasers Group PLC - Employee Benefit Trust Purchase of Employee Shares

RNS Number : 7003L
Frasers Group PLC
01 May 2020
 

Date: 1 May 2020

FRASERS GROUP PLC

(the "Company")

 

PURCHASE BY THE SPORTS DIRECT EMPLOYEE BENEFIT TRUST OF EMPLOYEE SHARES

On 30 April 2020, a total of 19,875 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 19,875 shares sold by the participants following exercise were acquired by Estera Trust (Jersey) Limited as Trustee of the Sports Direct 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 260 pence per Share (being an amount equal to the mid-market closing price of a Share on 30 April 2020) 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.

 

-Ends-

Frasers Group plc

Tom Piper, Company Secretary

LEI: 213800JEGHHEAXIJDX34

 

T. 0344 245 9200

E. [email protected]

 

 


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Quick facts: Frasers Group PLC

Price: 310.8

Market: LSE
Market Cap: £1.61 billion
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