19 Sep 2023 07:00
For immediate release | 19 September 2023 |
REVOLUTION BEAUTY GROUP PLC
("Revolution Beauty", the "Group" or the "Company")
Grant of Share Options
Revolution Beauty Group plc (AIM: REVB), the multi-channel mass beauty innovator, announces that on 18 September 2023, the Group has granted Lauren Brindley, Chief Executive Officer, an option over 5,000,000 ordinary shares of £0.01 each in the Group (the "Option", "Ordinary Shares") under the terms of the Company's Long Term Incentive Plan ("LTIP").
The Option has an exercise price of £0.27 per Ordinary Share and is not subject to performance conditions other than continued employment by the Group. 1,250,000 of the Ordinary Shares under option vest immediately, with further tranches of 1,250,000 Ordinary Shares vesting annually thereafter. Once vested, each tranche of Ordinary Shares has a 12 month holding period before those Ordinary Shares can be disposed of.
1. | Details of PDMR | ||
(a) | Name | Lauren Brindley
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2. | Reason for notification | ||
(b) | Position / status | Chief Executive Officer
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(c) | Initial notification / amendment | Initial notification | |
3. | Details of the Issuer | ||
(a) | Name | Revolution Beauty Group plc | |
(b) | LEI | 21380083TTJWXK677H17 | |
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 transaction(s) have been conducted | ||
(a) | Description of the financial instrument | Ordinary shares of £0.01 each in the capital of the Company ("Shares") ISIN: GB00BP7L1T61 | |
(b) | Nature of the transaction | Grant of options under the Revolution Beauty Long Term Incentive Plan | |
(c) | Price(s) and volume | Price(s)
Exercise Price £0.27 | Volume (s)
5,000,000
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(d) | Aggregated information | N/A - single transaction | |
(e) | Date of the transaction | 18 September 2023 | |
(f) | Place of the transaction | Outside a trading venue |
For further information please contact:
Investor Relations Elizabeth Lake | Investor.Relations@revolutionbeautyplc.com
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Joint Corporate Brokers Zeus (NOMAD): Nick Cowles /Jamie Peel /Jordan Warburton Liberum: Clayton Bush / Edward Thomas / Miquela Bezuidenhoudt |
Tel: +44 (0) 161 831 1512 Tel: +44 (0) 203 100 2222 |
Media enquiries Headland Consultancy Matt Denham / Will Smith / Antonia Pollock | Tel: +44 (0)20 3805 4822 Revolutionbeauty@headlandconsultancy.com
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The person responsible for arranging the release of this announcement on behalf of the Company is Elizabeth Lake, the Chief Financial Officer of the Company.