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Pin to quick picksRevolution Beauty Regulatory News (REVB)

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Grant of Share Options

19 Sep 2023 07:00

RNS Number : 8339M
Revolution Beauty Group PLC
19 September 2023
 

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

 

2.

Reason for notification

(b)

Position / status

Chief Executive Officer

 

(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

 

(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

 

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

 

 

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.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
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