WATCHES OF SWITZERLAND GROUP PLC (the 'Company')
DIRECTOR/PDMR SHAREHOLDING
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 | 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | a) Name Watches of Switzerland Group PLC | b) LEI 2138008ZOT5K9PJW7168 | 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | 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 | 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | a) Name Watches of Switzerland Group PLC | b) LEI 2138008ZOT5K9PJW7168 | 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | 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 |
Enquiries:
Laura Battley Lucy Legh / Rob Walker / Joanna Clark
Company Secretary and General Counsel Headland
T: 0207 317 4600 T: 0203 805 4822
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