Frasers Group PLC: Mike Ashley discloses closure of spread bets covering 825,667 shares
An RNS filed on 3 November 2026 shows Frasers Group PLC was notified that PDMR Michael Ashley closed physically settled spread bets equivalent to 825,667 Ordinary Shares and disposed of the resulting shares across six transactions on 30 October and 2 November 2026.
An RNS filed on 3 November 2026 shows Frasers Group PLC was notified that PDMR Michael Ashley closed physically settled spread bets equivalent to 825,667 Ordinary Shares and disposed of the resulting shares across transactions on 30 October and 2 November 2026, including 600,000 shares at £8.975 (£5,385,000) on 30 October, and also sold call options over 138,000 shares at a £9.00 strike expiring N
- PDMR
- Michael Ashley
- Shares equivalent to closed spread bets
- 825,667 Ordinary Shares
- Largest single disposal
- 600,000 shares at £8.975, £5,385,000, on 30 October 2026
- Call options sold
- 138,000 shares, strike £9.00, expiry November 2026
- Notification date
- 3 November 2026
Frasers Group plc was notified on 3 November 2026 that Michael Ashley, a person discharging managerial responsibilities, had closed physically settled derivatives (spread bets) equivalent to 825,667 Ordinary Shares in the company and disposed of the resulting shares, according to the RNS filing.
The filing sets out six transactions. On 30 October 2026, 600,000 shares were disposed of at £8.975 each, for £5,385,000, and a further 20,406 shares at £9.0068 each, for £183,792.76. On 2 November 2026, three further tranches were disposed of: 50,000 shares at £9.115 (£455,750), 50,000 shares at £9.0804 (£454,020) and 100,000 shares at £9.11 (£911,000), plus 5,261 shares at £9.129024 (£48,027.80). All transactions were conducted on the London Stock Exchange (XLON) in the financial instrument identified as GB00B1QH8P22.
The same filing states that Frasers Group plc was also informed on 3 November 2026 that Michael Ashley sold call options over 138,000 Ordinary Shares in the company, with a strike price of £9.00 and an expiry date of November 2026.
The filing does not state the reason for the transactions or Michael Ashley's resulting total shareholding in Frasers Group plc.
Primary sources
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