25 Oct 2019 16:07
25 October 2019
Hotel Chocolat Group plc
("Hotel Chocolat", the "Company" or the "Group")
Grant of SAYE Options and PDMR Transaction
The Company is pleased to announce it has granted options over the Company's ordinary shares of 0.1p each ("Ordinary Shares") under the Hotel Chocolat Group plc 2016 Save As You Earn Plan ("SAYE") which is open to all employees subject to certain requirements.
Pursuant to the scheme, the Company granted options over 314,534 Ordinary Shares with an exercise price of 304 pence (the "Options"). The Options have a contract start date of 1 December 2019 and are exercisable between 1 December 2022 and 31 May 2023. The exercise of Options on maturity is not dependent on performance criteria.
Within the Options described above, Options were granted to the following Director and a PDMR of the Company:
PDMR / Director | Number of options granted |
Matt Pritchard (Chief Financial Officer) | 2,368 |
Following the grant of the Options, the total number of Ordinary Shares outstanding under all Group share incentive schemes arrangements is 2,565,371, representing 2.23 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
| Matthew Robert Phillip Pritchard | ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status
| 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 Save As You Earn Plan | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information
- Aggregated volume - Price |
N/A
| ||||||
e)
| Date of the transaction
| 25 October 2019 | ||||||
f)
| Place of the transaction
| Outside a trading venue | ||||||