18 Jul 2018 15:52
Koovs plc (the "Company")
18 July 2018
Koovs plc
Notification of Transactions of Directors, Persons Discharging Managerial Responsibility or Connected Persons
Koovs plc (the "Company") (AIM: KOOV.L) announces that it has today granted options over ordinary shares of £0.01 each in the Company ("Ordinary Shares") to the following directors:
Mary Turner, Chief Executive Officer 12,783,322 Ordinary Shares
Gail Rebuck, Non-Executive Director 490,672 Ordinary Shares
Emily Sheffield, Non-Executive Director 490,672 Ordinary Shares
Nina Amin, Non-Executive Director 851,236 Ordinary Shares
Robert Pursell, Chief Financial Officer 3,835,000 Ordinary Shares
These share options were awarded with an exercise price of 17.7 pence per Ordinary Share, being the closing price on the 16th July 2018, and will vest on 17 July 2021 subject to continued employment with the Company.
Waheed Alli, Chairman, commented:
"At 17.7p per share, the share options will ensure the senior management team's economic interests are aligned with those of the shareholders. With the progress made over the last year, and the success of the recent fundraising, I believe the Company is well placed to deliver on its ambition to build scale, profitability and become India's leading western fashion destination."
The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Mary Turner | ||||
2 | Reason for the notification | |||||
a) | Position/status: | Director | ||||
b) | Initial notification/Amendment: | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name: | Koovs plc | ||||
b) | LEI: | 213800NNZ2JSXDRPPU11 | ||||
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: | Ordinary Shares of £0.01 each GB00BHB22S55 | ||||
b) | Nature of the transaction: | Grant of options over Ordinary Shares | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: · Aggregated volume: · Price: |
12,783,322 Exercise Price: 17.7p | ||||
e) | Date of the transaction: | 17/07/2018 | ||||
f) | Place of the transaction: | Off market | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Gail Rebuck | ||||
2 | Reason for the notification | |||||
a) | Position/status: | Director | ||||
b) | Initial notification/Amendment: | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name: | Koovs plc | ||||
b) | LEI: | 213800NNZ2JSXDRPPU11 | ||||
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: | Ordinary Shares of £0.01 each GB00BHB22S55 | ||||
b) | Nature of the transaction: | Grant of options over Ordinary Shares | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: · Aggregated volume: · Price: |
490,672 Exercise Price: 17.7p | ||||
e) | Date of the transaction: | 17/07/2018 | ||||
f) | Place of the transaction: | Off market | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Emily Sheffield | ||||
2 | Reason for the notification | |||||
a) | Position/status: | Director | ||||
b) | Initial notification/Amendment: | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name: | Koovs plc | ||||
b) | LEI: | 213800NNZ2JSXDRPPU11 | ||||
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: | Ordinary Shares of £0.01 each GB00BHB22S55 | ||||
b) | Nature of the transaction: | Grant of options over Ordinary Shares | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: · Aggregated volume: · Price: |
490,672 Exercise Price: 17.7p | ||||
e) | Date of the transaction: | 17/07/2018 | ||||
f) | Place of the transaction: | Off market | ||||
|
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Nina Amin | ||||
2 | Reason for the notification | |||||
a) | Position/status: | Director | ||||
b) | Initial notification/Amendment: | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name: | Koovs plc | ||||
b) | LEI: | 213800NNZ2JSXDRPPU11 | ||||
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: | Ordinary Shares of £0.01 each GB00BHB22S55 | ||||
b) | Nature of the transaction: | Grant of options over Ordinary Shares | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: · Aggregated volume: · Price: |
851,236 Exercise Price: 17.7p | ||||
e) | Date of the transaction: | 17/07/2018 | ||||
f) | Place of the transaction: | Off market | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Robert Pursell | ||||
2 | Reason for the notification | |||||
a) | Position/status: | Director | ||||
b) | Initial notification/Amendment: | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name: | Koovs plc | ||||
b) | LEI: | 213800NNZ2JSXDRPPU11 | ||||
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: | Ordinary Shares of £0.01 each GB00BHB22S55 | ||||
b) | Nature of the transaction: | Grant of options over Ordinary Shares | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: · Aggregated volume: · Price: |
3,835,000 Exercise Price: 17.7p | ||||
e) | Date of the transaction: | 17/07/2018 | ||||
f) | Place of the transaction: | Off market | ||||
For further information please contact:
|
|
Koovs plc Mary Turner/Robert Pursell |
Tel: +44 (0)20 7151 0170 |
Peel Hunt LLP |
|
Dan Webster / George Sellar
Headland Lucy Legh / Rob Walker / Charlie Twigg | Tel: +44 (0) 20 7418 8900
Tel: +44 (0)20 3805 4822 |