Last checked at 2 Jul 2018 14:43
QUIZ plc
("QUIZ" or the "Company")
Grant of Options
QUIZ (AIM: QUIZ), the omni-channel fast fashion brand, announces that options over a total of 165,097 Ordinary Shares of 0.3 pence each ("Ordinary Shares") were granted on 29 June 2018 pursuant to the Company Share Option Plan and Executive Share Option Plan (the "Option Plans").
The grant comprises an option over 34,528 Ordinary Shares to Gerard Sweeney, Chief Financial Officer, and 130,569 options over Ordinary Shares in aggregate to 20 senior managers.
Following this grant, Gerard Sweeney's interest in Ordinary Shares amounts to 12,422 Shares representing 0.01% the issued ordinary share capital of the Company held personally and 196,018 Ordinary Shares under option pursuant to the Options Plans.
The options granted have a vesting period of three years, a total exercise period of ten years and an exercise price of 188.25 pence per Ordinary Share.
Following these grants, the Company has a total of 1,056,791 Ordinary Shares under option and a Warrant Instrument which allows for 186,335 Ordinary Shares to be subscribed for 80.5 pence per Ordinary Share. These arrangements relate to 1,243,126 Shares representing approximately 1.0% of the issued ordinary share capital of the Company.
Enquiries:
QUIZ plc | Via Hudson Sandler |
Tarak Ramzan, Chief Executive Officer Gerry Sweeney, Chief Financial Officer Sheraz Ramzan, Chief Commercial Officer |
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Panmure Gordon (Nominated Adviser and Sole Broker) Ben Thorne / Alina Vaskina / Atholl Tweedie (Corporate Finance) Erik Anderson (Corporate Broking)
| +44 (0) 207 886 2500 |
Hudson Sandler LLP (Public Relations) | +44 (0) 207 796 4133 |
Alex Brennan / Sophie Lister / Nelly Akpaka
| quiz@hudsonsandler.com |
About QUIZ:
QUIZ is an omni-channel fast fashion brand, specialising in occasion wear and dressy casual wear.
QUIZ delivers a distinct proposition that empowers its fashion forward customers to stand out from the crowd.
QUIZ's buying and design teams constantly develop its own product lines, ensuring the latest glamorous looks at value prices. This fast, flexible supply chain, together with the winning formula of style, quality, value and speed-to-market has enabled QUIZ to grow rapidly into an international brand with more than 300 standalone stores, concessions, franchise stores, wholesale partners and international online partners in 20 countries. The Group currently operates 71 standalone stores and 147 concessions in the UK.
QUIZ operates through an omni-channel, fast fashion business model, which encompasses online sales, standalone stores, concessions, international franchises and wholesale arrangements.
To download images please visit: http://www.quizgroup.co.uk/media-download-centre/
For further information:
https://www.quizclothing.co.uk/
http://www.quizgroup.co.uk/
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
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)
| Names | Gerard Sweeney |
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
| QUIZ plc |
b)
| LEI | 213800A3QTOPTGSTNZ78 |
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
| Ordinary Shares of 0.3p each |
b) | Identification code
| ISIN: JE00BZ00SF59 |
c)
| Nature of the transaction
| Grant of options |
d)
| Price(s) and volume(s) | Grant of 34,528 options to acquire shares at 188.25 pence per Ordinary Share. |
d)
| Aggregated information - Aggregated volume - Price | Grant of 34,528 options to acquire shares at 188.25 pence per Ordinary Shares at an aggregate exercise price of £64,998.96. |
e)
| Date of the transaction | 29 June 2018 |
f)
| Place of the transaction | Outside a trading venue |