Last checked at 22 Jun 2022 07:00
For immediate release: 22 June 2022
B90 Holdings plc
("B90", the "Company" or "Group")
Grant of Options
B90 Holdings plc (AIM: B90), the online marketing and operating company for the gaming industry, announces that it has granted a total of 2,000,000 options ("Options") over ordinary shares of no par value in the capital of the Company ("Ordinary Shares") on 21 June 2022, under the Company's Long Term Incentive Stock Option Plan - May 2016 (as amended) (the "2016 Plan") to Karim Peer, as part of his appointment as Executive Chairman.
The Options have an exercise price of 5p per share, being yesterday's closing mid-market price per Ordinary Share. Pursuant to the terms of the 2016 Plan, the Options will vest in equal instalments over the four years following the first anniversary of the date of grant and any of the Options that remain unexercised on the fifth anniversary of the date of grant will lapse.
Following this grant of Option, Karim Peer is now interested in, in aggregate, 2,750,000 options over Ordinary Shares and the Company has, in aggregate, 22,205,000 options outstanding, representing approximately 8.4% of its issued share capital.
1 | Details of the persons discharging managerial responsibilities | |||||
a) | Name | 1. Karim Peer
| ||||
2 | Reason for the notification | |||||
a) | Position/status | 1. Executive Chairman
| ||||
b) | Initial notification /Amendment | Initial notification | ||||
3 | Details of the issuer | |||||
a) | Name | B90 Holdings plc | ||||
b) | LEI | 2138007KWLZHV5I1A979
| ||||
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
| Options over Ordinary Shares of no par value | ||||
Identification code | ISIN for Ordinary Shares: IM00BYT32K14
| |||||
b) | Nature of the transaction | Grant of options | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price
| - Options over 2,000,000 shares - 5p per share (exercise price) | ||||
e) | Date of the transaction | 21 June 2022 | ||||
f) | Place of the transaction | Outside a trading venue. New Ordinary Shares issued on exercise of options will be admitted to trading on AIM, London Stock Exchange
| ||||
-ends-
For further information please contact:
B90 Holdings plc +44 (0)1624 605 764
Karim Peer, Non-Executive Chairman
Marcel Noordeloos, Chief Financial Officer
Strand Hanson Limited (Nominated Adviser) +44 (0)20 7409 3494
James Harris / James Dance / Rob Patrick
Whitman Howard Ltd (Broker)
Nick Lovering
Belvedere (Financial PR & IR) +44 (0)20 3687 2754
John West / Llewellyn Angus
About B90 Holdings plc
B90 Holdings plc is a group of companies focused on the operation of its own online Sportsbook and Casino product as well as marketing activities for other online gaming companies.
Website: www.b90holdings.com