Last checked at 30 Jun 2017 07:00
30 June 2017
Warpaint London plc
("Warpaint London" or the "Company" or the "Group")
Grant of Options and Director Dealing
Warpaint London plc (AIM: W7L) announces that, on 29 June 2017, it granted options in aggregate over 277,788 ordinary shares of 25 pence each (the "Options") in the Company under the Warpaint London plc Enterprise Management Incentive Scheme to all staff members, including the Company's Chief Financial Officer, Neil Rodol, but excluding all other directors.
The Options provide the right to acquire 277,788 ordinary shares of 25 pence each ("Ordinary Shares") at an exercise price of 237.5 pence per Ordinary Share, being the closing mid-market price of the Company's shares on AIM on 28 June 2017.
The Company's Chief Financial Officer, Neil Rodol, has been granted 105,262 Options. The remaining 172,526 Options have been granted to the Company's 40 non-director staff in varying amounts.
The Options are excercisable for a period of seven years from 29 June 2020, subject to certain performance conditions being met, including that the compound annual growth rate in the Company's earnings per share must exceed 8 per cent. over the three financial years commencing 1 January 2017, subject to the discretion of the Company's remuneration committee.
In addition to the 105,262 Options above, Neil Rodol also holds 61,856 Ordinary Shares in the Company.
Enquiries:
Warpaint London plc Sam Bazini - Joint Chief Executive Eoin Macleod - Joint Chief Executive Neil Rodol - Chief Financial Officer
| 020 3053 8671
|
Stockdale Securities Limited (Nominated Adviser and Broker) Andy Crossley, Antonio Bossi, Ed Thomas - Corporate Finance Fiona Conroy - Corporate Broking
| 020 7601 6100
|
IFC Advisory (Financial PR & IR) Tim Metcalfe Graham Herring Heather Armstrong Miles Nolan | 020 3053 8671
|
About Warpaint London plc
Warpaint London is a colour cosmetics business, based in Iver, Buckinghamshire. It is made up of two divisions: close-out and own-brand. The second and larger own-brand division consists primarily of the Group's flagship brand, W7 - an extremely creative, design-focused cosmetic brand proposition with a focus on the 16-30 age range, delivering high-quality cosmetics at affordable prices. W7 brand has grown organically since its inception in 2002 and now contains over 500 items which are sold into high street retailers and independent beauty shops across the UK, Europe, Australia and the US. In 2016, W7 was supplied to over 250 customers in more than 50 countries.