Frasers Group PLC Employee Benefit Trust Purchase of Employee Shares (6221I)
02 Aprile 2020 - 04:37PM
UK Regulatory
TIDMFRAS
RNS Number : 6221I
Frasers Group PLC
02 April 2020
Date: 2 April 2020
FRASERS GROUP PLC
(the "Company")
PURCHASE BY THE SPORTS DIRECT EMPLOYEE BENEFIT TRUST OF EMPLOYEE
SHARES
On 31 March 2020, a total of 7,500 ordinary shares of 10 pence
each in the Company ("Shares") were acquired by one participant
following the exercise of an award under the Company's share
schemes. The 7,500 shares sold by the participant 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 185 .9 pence per Share (being an
amount equal to the mid-market closing price of a Share on 31 March
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 T. 0344 245 9200
LEI: 213800JEGHHEAXIJDX34 E. investor.relations@sportsdirect.com
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END
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