Last checked at 15 Nov 2017 13:47
Revolution Bars Group plc
("Revolution" or the "Company")
Grant of awards under the Revolution Bars Group Plc Performance Share Plan (the "Plan) and under Revolution Bars Group Plc Share Scheme (the "Scheme")
The Company announces that on 14 November 2017, it granted options under the Plan with an exercise price of £0.001 per share over, in aggregate, 370,000 ordinary shares of £0.001 each in the Company ("Ordinary Shares") (the "PSP Options") to Mike Foster, Kate Eastwood and Fiona Regan (the "Option Holders").
The Company also granted options to the Mike Foster over 18,518 Ordinary Shares under the terms of the Scheme (the "CSOP Options"). The CSOP Options were granted with an exercise price of £1.62 per share.
The PSP Options and CSOP Options shall vest and become exercisable on the date the Remuneration Committee determines that the performance targets set out in the deed of grant (the "Performance Conditions") have been met, and no later than 31 July 2020 (the "Vesting Date").
Subject to the Performance Conditions being met, the PSP Options will be exercisable by the Option Holders within three years from the Vesting Date; and the CSOP Options will be exercisable by the Mike Foster within seven years from the Vesting Date.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1 | Details of PDMR/person closely associated with them ("PCA") | |||||||
(a) | Name | Mike Foster
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2 | Reason for the Notification | |||||||
(b) | Position / status | Mike Foster - Chief Financial Officer | ||||||
(c) | Initial notification / amendment | Initial notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Revolution Bars Group plc | ||||||
b) | LEI | 213800QG159LSTF5IH69 | ||||||
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 | Award of options over Ordinary Shares of £0.001. | ||||||
(b) | Nature of the transaction | Award of performance share plan options made pursuant to the Plan. | ||||||
(c) | Price(s) andvolume(s) |
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(d) | Aggregated information Aggregated volume Price |
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(e) | Date of the transaction | 2017-11-14 GMT | ||||||
(f) | Place of the transaction | Outside a trading venue. | ||||||
1 | Details of PDMR/person closely associated with them ("PCA") | |||||||
(a) | Name | Mike Foster
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2 | Reason for the Notification | |||||||
(b) | Position / status | Mike Foster - Chief Financial Officer | ||||||
(c) | Initial notification / amendment | Initial notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Revolution Bars Group plc | ||||||
b) | LEI | 213800QG159LSTF5IH69 | ||||||
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 | Award of options over Ordinary Shares of £0.001. | ||||||
(b) | Nature of the transaction | Award of company share option plan options pursuant to the Scheme.
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(c) | Price(s) andvolume(s) |
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(d) | Aggregated information Aggregated volume Price |
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(e) | Date of the transaction | 2017-11-14 GMT | ||||||
(f) | Place of the transaction | Outside a trading venue. | ||||||
1 | Details of PDMR/person closely associated with them ("PCA") | |||||||
(a) | Name | Kate Eastwood
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2 | Reason for the Notification | |||||||
(b) | Position / status | Kate Eastwood - Sales Director | ||||||
(c) | Initial notification / amendment | Initial notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Revolution Bars Group plc | ||||||
b) | LEI | 213800QG159LSTF5IH69 | ||||||
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 | Award of options over Ordinary Shares of £0.001. | ||||||
(b) | Nature of the transaction | Award of performance share plan options made pursuant to the Revolution Bars Group Plc Performance Share Plan.
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(c) | Price(s) andvolume(s) |
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(d) | Aggregated information Aggregated volume Price |
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(e) | Date of the transaction | 2017-11-14 GMT | ||||||
(f) | Place of the transaction | Outside a trading venue. | ||||||
1 | Details of PDMR/person closely associated with them ("PCA") | |||||||
(a) | Name | Fiona Regan | ||||||
2 | Reason for the Notification | |||||||
(b) | Position / status | Fiona Regan - People Development Director | ||||||
(c) | Initial notification / amendment | Initial notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Revolution Bars Group plc | ||||||
b) | LEI | 213800QG159LSTF5IH69 | ||||||
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 | Award of options over Ordinary Shares of £0.001. | ||||||
(b) | Nature of the transaction | Awards of performance share plan options made pursuant to the Revolution Bars Group Plc Performance Share Plan.
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(c) | Price(s) andvolume(s) |
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(d) | Aggregated information Aggregated volume Price |
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(e) | Date of the transaction |
2017-11-14 GMT | ||||||
(f) | Place of the transaction | Outside a trading venue. | ||||||