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Grant of Options under Share Option Plan

18 Sep 2019 11:41

RNS Number : 8221M
Arena Events Group PLC
18 September 2019
 

18 September 2019

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 penny each in the Company ("Share Options") have been granted to incoming CFO, Steve Trowbridge, under the Company's existing Share Option Plan put in place at the time of the IPO in 2017 (the "Plan").

Steve will be issued 2,162,162 Share Options at an exercise price of 18.5p, vesting 720,721 on the third anniversary of grant, 720,721 on the fourth anniversary and 720,720 on the fifth anniversary.

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.

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)203 405 0205

Josh Royston, John Coles, Helena Bogle

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Steve Towbridge

2

 

Reason for the notification

 

a)

 

Position/status

 

Incoming Group CFO

 

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)

 

 

Price(s)

Volume(s)

18.5 pence

2,162,162

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A - single transaction

e)

 

Date of the transaction

 

 

17 September 2019

f)

 

Place of the transaction

 

 

Outside of a trading venue

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
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