If you would like to ask our webinar guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksHNG.L Regulatory News (HNG)

  • There is currently no data for HNG

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Management Long Term Incentive Plan

20 Dec 2013 08:30

RNS Number : 0820W
TLA Worldwide PLC
20 December 2013
 



 

 

Management Long Term Incentive Plan

 

TLA Worldwide plc (AIM: TLA) ("TLA" or the "Company"), the athlete representation and sports marketing business has today announced that as set out in the Company's Admission Document, issued on 2 December 2011, stated that the Company would establish a management long-term incentive plan ("the Plan"). The Company is pleased to announce that the implementation of the Plan has now been finalised.

Under the terms of the Plan as implemented, new, subordinated, shares will be issued in a subsidiary company; TLA Acquisitions Limited ("the Subsidiary") and these new shares will be subscribed for by the members of the plan. Shareholders should note that, the commercial substance of this structure, as set out below, will remain the same as presented in the Company's Admission Document.

The members of the Plan (namely M. Principe, B. Campbell and D. Mighty) have now been invited to participate in the Plan. At the end of the performance period on 8 December 2016 ("Performance Period") and subject to certain exceptions, the subordinated ordinary shares in the Subsidiary will be exchanged for shares in the Company, subject to the performance criteria set out below and the number of shares will be determined at that point in time.

The number of shares in the Company that may be exchanged for shares in the Subsidiary cannot be determined at this point in time as that number will depend on performance under the plan against the three-month average share price achieving a minimum price of 40 pence and a maximum share price of 60 pence. However, the maximum dilution set out in the Admission Document was 12.5% of the fully diluted shares in issue at admission. After the acquisition of Peter E Greenberg & Associates, the maximum dilution is now 11.2%.

 

-Ends-

 

 

Contacts

 

TLA Worldwide

Mike Principe (CEO)

Bart Campbell (Chairman)

+1 212 645 2141

+44 7932 040 387

Pelham Bell Pottinger

Dan de Belder/ Anna Gamble

+44 20 7861 3232

Numis Securities

Nick Westlake (Nomad)

David Pountney (Broker)

+44 20 7260 1000

 

 

 

About TLA Worldwide

TLA Worldwide plc (AIM:TLA) and its subsidiaries, The Legacy Agency, Inc and TLA (NY) Inc. are a leading athlete representation and sports marketing business with a full service offering to their clients in baseball, broadcasting, coaching, endorsement and golf talent, as well as corporate consulting. The Group's success and growth potential is founded on three key pillars: the competency of the underlying businesses, their complementary practices and the strength and experience of the management team. TLA has an exceptional roster of clients including baseball All-Stars C.C. Sabathia, Carl Crawford, Adam Dunn, Jose Reyes, Ricky Romero, Johan Santana, Rickie Weeks and Vernon Wells, broadcasters Troy Aikman, Dan Hicks, Daryl Johnston, Chris Myers, Kathryn Tappen and Mitch Williams, college and professional coaches Avery Johnson, Mick Cronin, Mike Brey, Ben Howland, Steve Lavin, Randy Edsall, Fred Hoiberg and Mark Gottfried, PGA Tour professionals, Jim Furyk, Matt Every, Robert Garrigus, John Huh, Spencer Levin, Jeff Overton, John Senden and Kyle Reifers, and talent marketing clients such as NFL legend Steve Young and active athletes Reggie Bush, Trey Burke, Lolo Jones, Kerri Walsh Jennings, Ndamukong Suh, Colt McCoy and Ryan Tannehill. TLA operates out of offices in New York, Newport Beach, Houston, San Francisco, Charleston, SC, Maracay, Venezuela, Melbourne and London. For more information, visit www.tlaww-plc.com.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCNKKDBFBDKBBB
Date   Source Headline
9th Jan 20249:54 amRNSIntention to Delist
4th Jul 20234:31 pmRNSAppointment of voluntary liquidators
19th May 20236:07 pmRNSJoint Administrators' Application to Court
6th Apr 20237:00 amRNSJoint Administrators’ Statement of Proposals
13th Feb 20232:41 pmRNSAppointment of Joint Administrators
19th Dec 202212:20 pmRNSUpdate on Unsecured Convertible Loan Notes
12th Dec 20227:00 amRNSUpdate on Unsecured Convertible Loan Notes
2nd Dec 202210:13 amRNSUpdate on Unsecured Convertible Loan Notes
30th Nov 20224:41 pmRNSFurther update on Hawkwing loan to IFG (SPP)
28th Nov 20227:00 amRNSUpdate on Hawkwing’s CULS
27th Oct 20225:31 pmRNSFurther update on Hawkwing loan to IFG
26th Oct 20225:26 pmRNSUpdate on Hawkwing loan to IFG
12th Oct 20228:00 amRNSDirector Declaration
30th Sep 20225:50 pmRNSInterim Results
24th Jun 202212:25 pmRNSResult of Annual General Meeting
1st Jun 20224:45 pmRNSAnnual Report & Accounts 2021 and Notice of AGM
1st Jun 20227:00 amRNSFinal Results
11th Feb 20227:45 amRNSChange of Auditor
24th Dec 20217:00 amRNSRelisting
13th Dec 20217:00 amRNSIFG withdrawal from heads of terms
23rd Sep 20217:00 amRNSInterim Results
17th Sep 20217:00 amRNSHawkwing loans IFG £13.7 million for acquisitions
16th Sep 20217:00 amRNSUpdate on Hawkwing loan to IFG
12th Aug 20217:00 amRNSHawkwing raises £16.5 million
12th Jul 20217:50 amRNSPotential Acquisition and Suspension of Listing
29th Apr 202111:48 amRNSResult of AGM
7th Apr 20211:29 pmRNSAnnual Report & Accounts 2020 and Notice of AGM
6th Apr 20212:15 pmRNSFinal Results
9th Mar 20211:52 pmRNSHolding(s) in Company
18th Jan 202111:05 amRNSSecond Price Monitoring Extn
18th Jan 202111:00 amRNSPrice Monitoring Extension
18th Jan 20219:05 amRNSSecond Price Monitoring Extn
18th Jan 20219:00 amRNSPrice Monitoring Extension
14th Oct 20207:00 amRNSInterim Results
5th Oct 20205:27 pmRNSHolding(s) in Company
1st Oct 20207:00 amRNSHolding(s) in Company
30th Sep 20204:53 pmRNSHolding(s) in Company
30th Sep 202010:48 amRNSHolding(s) in Company
30th Sep 20207:00 amRNSAdmission to Standard List
29th Sep 20205:30 pmRNSHawkwing
23rd Sep 20201:28 pmRNSPublication of Prospectus
26th Aug 20207:00 amRNSUpdate on Move to Standard List of the Main Market
12th Aug 20207:00 amRNSUpdate on Move to Standard List of the Main Market
1st Jul 202011:01 amRNSPlacing to raise approximately £1.3m
29th Jun 20202:31 pmRNSResult of AGM and General Meeting
12th Jun 20205:09 pmRNSProposed admission to the Main Market
4th Jun 20202:56 pmRNSAnnual Report & Accounts 2019 and Notice of AGM
4th Jun 20207:00 amRNSFinal Results
6th Mar 20207:30 amRNSSuspension - Hawkwing Plc
6th Mar 20207:00 amRNSSuspension of Shares

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.