8 Oct 2018 07:00
8 October 2018
ARENA EVENTS GROUP PLC
(the "Company")
Grant of Options under Share Option Plan
Arena Events Group plc (AIM: ARE), announces that share options to acquire ordinary shares of 1 pence each in the Company ("Ordinary Shares") were granted to certain Persons Discharging Managerial Responsibilities ("PDMRs") under the Company's existing Share Option Plan put in place at the time of the IPO (the "Plan").
The award of options was granted to the following PDMRs at an exercise price of 68 pence per ordinary share, being the average closing price for the five trading days before the grant (the "Awards"):
Name | Role | Number of Ordinary Shares over which Awards granted | Percentage of issued share capital |
G Lawless | CEO | 450,000 | 0.30% |
P Wilson | Finance Director | 375,000 | 0.25% |
G Muir | UK CEO | 275,000 | 0.18% |
P Bryant | US CEO | 275,000 | 0.18% |
P Berger | MEA CEO | 275,000 | 0.18% |
The Awards shall vest only to the extent that the conditions set by the Remuneration Committee are satisfied and subject to the rules of the Plan. 75% of the Awards are subject to EPS performance conditions, measured over a three year performance period with the balance of 25% being at the discretion of the Remuneration Committee, based on its judgement of the successful integration of acquisitions closed during the period. To the extent that the performance conditions are not satisfied, the relevant part of the Awards shall lapse.
In addition, the Company has been notified that, on 5 October 2018, Greg Lawless, CEO, transferred 784,954 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") held by Gaitsford Investments Limited ("GIL"), an entity which is controlled by Greg Lawless, into his own name.
The transfer was effected through a sale by GIL and a simultaneous purchase by Mr Lawless at the same price per share. Following the transfer, there is no change to the total number of Ordinary Shares beneficially held by Greg Lawless which represents 4.4% of the total issued share capital.
Enquires:
Arena Events Group plc Greg Lawless (CEO) Piers Wilson (CFO)
Cenkos Securities (Nomad and Broker) |
+44(0)203 770 3838
+44(0)207 397 8900 |
Max Hartley (Corporate Finance) Julian Morse (Sales) |
|
Alma PR (Financial PR) |
+44(0)208 004 4217 |
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Gaitsford Investments Limited, a company wholly owned and controlled by Greg Lawless | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Person closely associated with Greg Lawless, CEO
| ||||
b)
| Initial notification /Amendment
| Initial Notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Area Events Group plc | ||||
b)
| LEI
| 213800Z94NF6F4C9AD43 | ||||
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
Identification code | Ordinary shares of 1 pence each
GB00BF0HYJ24
| ||||
b)
| Nature of the transaction
| Sale of ordinary shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction | ||||
e)
| Date of the transaction
| 5 October 2018 | ||||
f)
| Place of the transaction
| London Stock Exchange (AIM) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Greg Lawless | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| CEO
| ||||
b)
| Initial notification /Amendment
| Initial Notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Area Events Group plc | ||||
b)
| LEI
| 213800Z94NF6F4C9AD43 | ||||
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
Identification code | Ordinary shares of 1 pence each
GB00BF0HYJ24
| ||||
b)
| Nature of the transaction
| Purchase of ordinary shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction | ||||
e)
| Date of the transaction
| 5 October 2018 | ||||
f)
| Place of the transaction
| London Stock Exchange (AIM) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Greg Lawless | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| CEO
| ||||
b)
| Initial notification /Amendment
| Initial Notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Area Events Group plc | ||||
b)
| LEI
| 213800Z94NF6F4C9AD43 | ||||
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
Identification code | Options over Ordinary shares of 1 pence each
GB00BF0HYJ24
| ||||
b)
| Nature of the transaction
| Grant of options to purchase ordinary shares of 1p each under the Arena Group Employee Share Options Scheme | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction | ||||
e)
| Date of the transaction
| 5 October 2018 | ||||
f)
| Place of the transaction
| London Stock Exchange (AIM) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Piers Wilson | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Finance Director
| ||||
b)
| Initial notification /Amendment
| Initial Notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Area Events Group plc | ||||
b)
| LEI
| 213800Z94NF6F4C9AD43 | ||||
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
Identification code | Options over Ordinary shares of 1 pence each
GB00BF0HYJ24
| ||||
b)
| Nature of the transaction
| Grant of options to purchase ordinary shares of 1p each under the Arena Group Employee Share Options Scheme | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction | ||||
e)
| Date of the transaction
| 5 October 2018 | ||||
f)
| Place of the transaction
| London Stock Exchange (AIM) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Grahame Muir | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| UK CEO
| ||||
b)
| Initial notification /Amendment
| Initial Notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Area Events Group plc | ||||
b)
| LEI
| 213800Z94NF6F4C9AD43 | ||||
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
Identification code | Options over Ordinary shares of 1 pence each
GB00BF0HYJ24
| ||||
b)
| Nature of the transaction
| Grant of options to purchase ordinary shares of 1p each under the Arena Group Employee Share Options Scheme | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction | ||||
e)
| Date of the transaction
| 5 October 2018 | ||||
f)
| Place of the transaction
| London Stock Exchange (AIM) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Paul Bryant | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| US CEO
| ||||
b)
| Initial notification /Amendment
| Initial Notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Area Events Group plc | ||||
b)
| LEI
| 213800Z94NF6F4C9AD43 | ||||
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
Identification code | Options over Ordinary shares of 1 pence each
GB00BF0HYJ24
| ||||
b)
| Nature of the transaction
| Grant of options to purchase ordinary shares of 1p each under the Arena Group Employee Share Options Scheme | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction | ||||
e)
| Date of the transaction
| 5 October 2018 | ||||
f)
| Place of the transaction
| London Stock Exchange (AIM) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Paul Berger | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| MEA CEO
| ||||
b)
| Initial notification /Amendment
| Initial Notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Area Events Group plc | ||||
b)
| LEI
| 213800Z94NF6F4C9AD43 | ||||
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
Identification code | Options over Ordinary shares of 1 pence each
GB00BF0HYJ24
| ||||
b)
| Nature of the transaction
| Grant of options to purchase ordinary shares of 1p each under the Arena Group Employee Share Options Scheme | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction | ||||
e)
| Date of the transaction
| 5 October 2018 | ||||
f)
| Place of the transaction
| London Stock Exchange (AIM) | ||||