25 Oct 2019 13:28
25 October 2019
Hotel Chocolat Group plc
("Hotel Chocolat", the "Company" or the "Group")
Director/PDMR Dealing - Grant of Options
The Company announces today that it has granted 301,073 options over ordinary shares of 0.1p in the Company ("Ordinary Shares") to employees pursuant to the Hotel Chocolat Group plc 2016 Long Term Incentive Plan (the "Plan"). The grants comprise Unapproved Share Options (the "Options").
Certain of the Options have been granted to persons discharging managerial responsibilities ("PDMRs"), as set out below:
PDMR / Director | Scheme | No. of Options granted | Total no. of Options now held |
Matt Margereson (Chief Operating Officer) | CSOP | - | 20,270 |
Unapproved | 56,256 | 256,256 | |
TOTAL | 56,256 | 276,526 | |
Matt Pritchard (Chief Financial Officer) | CSOP | - | 20,270 |
Unapproved | 56,256 | 256,256 | |
TOTAL | 56,256 | 276,526 |
In addition to the Options granted to PDMRs, the Company has granted 188,561 Options to other employees of the Group.
The Options have been granted subject to a performance condition based on the Company's reported audited net profit after tax for the year ending June 2022 and will vest on the third anniversary of the grant (the "Option Period"). The Options have an exercise price of 0.1 pence per ordinary share and are exercisable at the end of the Option Period and until the day before the tenth anniversary of grant.
Following the grant of the Options, the total number of Ordinary Shares outstanding under all Group share incentive schemes arrangements is 2,250,837, representing 1.95 per cent of the Company's issued share capital.
For further information:
Hotel Chocolat Group plc c/o Citigate + 44 (0) 20 7638 9571
Angus Thirlwell, Co-founder and Chief Executive Officer
Peter Harris, Co-founder and Development Director
Matt Pritchard, Chief Financial Officer
Citigate Dewe Rogerson - Financial PR + 44 (0) 20 7638 9571
Simon Rigby
Angharad Couch
Ellen Wilton
Liberum Capital Limited - Nominated Advisor and Broker + 44 (0) 20 3100 2222
Clayton Bush
James Greenwood
Notes to Editors:
Hotel Chocolat is a premium British chocolatier with a strong and distinctive brand. The business was founded in 1993 by Angus Thirlwell and Peter Harris and has traded under the Hotel Chocolat brand since 2003. The Group sells its products online and through a network of stores in the UK and abroad. The Group has a cocoa plantation and eco-hotel in Saint Lucia, offering complete cocoa immersion thorough tree-to-bar experiences and wellness treatments. The Group also has a flagship restaurant and cocoa roastery in London's Borough Market: Rabot 1745. The Group was admitted to trading on AIM in 2016.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
| 1. Matthew Paul Margereson 2. Matthew Robert Phillip Pritchard | ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status
| 1. Chief Operating Officer 2. Chief Financial Officer | ||||||
b)
| Initial notification /Amendment
| Initial Notification | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a)
| Name
| Hotel Chocolat Group plc | ||||||
b)
| LEI
| 213800B4D3J15PZHVY29
| ||||||
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 0.1 pence each
ISIN: GB00BYZC3B04 | ||||||
b)
| Nature of the transaction
| Grant of options pursuant to the Hotel Chocolat Group plc 2016 Long Term Incentive Plan | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information
- Aggregated volume - Price |
N/A
| ||||||
e)
| Date of the transaction
| 24 October 2019 | ||||||
f)
| Place of the transaction
| Outside a trading venue | ||||||