Director/PDMR Shareholding
Watches of Switzerland Group PLC announced the award of nil cost options to its Executive Directors on July 17, 2026, under the 2019 Long Term Incentive Plan. These awards are contingent on the Company's Cumulative EPS performance, with 80% vesting based on EPS targets ranging from 157.1 pence to 174.0 pence or more, and 20% vesting based on Average ROCE performance, with targets from 17.1% to 18.9% or more. The options will vest in July 2029 after a three-year performance period and are subject to a two-year holding period. Chief Executive Officer Brian Duffy received 128,810 options, and Chief Financial Officer Anders Romberg received 85,659 options, both granted at nil cost.
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The Company announces that it has awarded on 17 July 2026 nil cost options to its Executive Directors under the Company's 2019 Long Term Incentive Plan (the 'Awards').
The Performance Target for the Awards consists of the following elements:
- 80% of the Awards will Vest depending on the Company's Cumulative EPS performance against targets (the "EPS Performance Award").
- 20% of the Awards will Vest depending on the Company's Average ROCE performance against targets (the "ROCE Performance Award").
The EPS Performance Awards will Vest as follows
| Cumulative EPS | Percentage of Award Vesting |
|---|---|
| Less than 157.1 pence | Nil |
| 157.1 pence | 16% |
| Between 157.1 pence and 174.0 pence | Between 16% and 80% on a straight-line basis |
| 174.0 pence or more | 80% |
| The ROCE Performance Awards will Vest as follows | |
| Average ROCE | Percentage of Award Vesting |
| Less than 17.1% | Nil |
| 17.1% | 4% |
| Between 17.1% and 18.9% | Between 4% and 20% on a straight-line basis |
| 18.9% or more | 20% |
The Awards will vest in July 2029 after a performance measurement period of three financial years (FY 2027 to FY 2029) and there is a Holding Period of two years from the vesting date.
The following information is given in accordance with Article 19.3 of the Market Abuse Regulation and is made on behalf of Brian Duffy a PDMR, in the Watches of Switzerland Group PLC under article 19.1 of the Market Abuse Regulation ('MAR').
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Brian Duffy |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Executive Officer |
| b) | Initial notification /Amendment | Initial |
| a) | Name | Watches of Switzerland Group PLC |
| b) | LEI | 2138008ZOT5K9PJW7168 |
| a) | Description of the financial instrument, type of instrument | Ordinary Shares of £0.0125 each |
| Identification code | GB00BJDQQ870 | |
| b) | Nature of the transaction | An award of nil cost options, granted under the Company's 2019 Long Term incentive Plan. |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| £nil | 128,810 | |
| d) | Aggregated information | |
| - Aggregated volume | 128,810 | |
| - Price | £nil | |
| e) | Date of the transaction | 17 July 2026 |
| f) | Place of the transaction | XLON |
The following information is given in accordance with Article 19.3 of the Market Abuse Regulation and is made on behalf of Anders Romberg a PDMR, in the Watches of Switzerland Group PLC under article 19.1 of the Market Abuse Regulation ('MAR').
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Anders Romberg |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Financial Officer |
| b) | Initial notification /Amendment | Initial |
| a) | Name | Watches of Switzerland Group PLC |
| b) | LEI | 2138008ZOT5K9PJW7168 |
| a) | Description of the financial instrument, type of instrument | Ordinary Shares of £0.0125 each |
| Identification code | GB00BJDQQ870 | |
| b) | Nature of the transaction | An award of nil cost options, granted under the Company's 2019 Long Term incentive Plan. |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| £nil | 85,659 | |
| d) | Aggregated information | |
| - Aggregated volume | 85,659 | |
| - Price | £nil | |
| e) | Date of the transaction | 17 July 2026 |
| f) | Place of the transaction | XLON |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.