Transactions by PDMR

1 February 2019

Shoe Zone plc

Transactions by Persons Discharging Managerial Responsibilities

Shoe Zone plc, the UK's largest value footwear retailer, announces that Nick Davis, CEO and Jonathan Fearn, CFO of Shoe Zone have exercised awards under the Company's Long Term Incentive Plan ("LTIP") and have been issued with 21,499 and 5,208 Ordinary Shares respectively (together the "Transactions"), these shares will be issued out of Treasury.

Neither Director has sold any of the shares received pursuant to the exercise, but Nick Davis has transferred 21,499 Ordinary Shares to his wife for nil monetary consideration. Following the Transactions, the total interest in the Company of both directors and their persons closely associated have increased as follows:

·      Nick Davis and his Closely Associated Persons have increased to 55,199 Ordinary Shares, representing 0.11 per cent. of the issued share capital of the Company.

·      Jonathan Fearn and his Closely Associated Persons have increased to 5,558 Ordinary Shares, representing 0.1 per cent. of the issued share capital of the Company.

Further details regarding the LTIP are set out in the Company's annual report, available on the Company website.

Total Voting Rights

Following the Transactions, the issued share capital of the Company will be 50,000,000 ordinary shares of 0.01p each carrying one vote each.  With 48,293 shares held in Treasury, the figure of 49,951,707 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company.

For further information, please call:

The below notification is made in accordance with the requirements of the EU Market Abuse Regulation.