Grant of options

RNS Number : 4672L

Nightcap PLC

13 January 2021

 

13 January 2021

Nightcap plc

("Nightcap" or the "Company")

Grant of options

Following admission of the Company's ordinary shares to trading on AIM ("Admission") earlier today and further to the Company's Admission Document, Nightcap plc confirms that it has granted a total of 15,400,000 share options (the "IPO Options") under the Company's Share Option Plan. 

All of the IPO Options have been granted with an exercise price of 10 pence, being equivalent to the Issue Price of the Consideration Shares, the Placing Shares and the PrimaryBid Shares, which were admitted to trading on AIM at 8.00 a.m. today.  Further details of the terms of the IPO Options and the Company's Share Option Plan can be found in paragraphs 4.5 and 11 of Part VII of the Company's Admission Document.

As part of the IPO Option grant, an aggregate of 13,500,000 IPO Options have been granted to Sarah Willingham-Toxvaerd, Michael Willingham-Toxvaerd and Toby Rolph, who are Directors of the Company and are persons discharging managerial responsibilities ("PDMRs").  Further details regarding the grants of IPO Options to these PDMRs can be found in paragraph 7.2 of Part VII of the Company's Admission Document.

The FCA notification, made in accordance with the requirements of the Market Abuse Regulation is appended below.

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)	Name	Sarah Willingham-Toxvaerd
2.	Reason for the Notification
a)	Position/status	Director - Chief Executive Officer
b)	Initial notification/Amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Nightcap plc
b)	LEI	213800MVK2M2T12TZA46
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	Grant of options over ordinary shares of 1p each
	Identification code	ISIN: GB00BLKGVD49
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise price of 10 pence per share 6,000,000
d)	Aggregated information: -  Aggregated volume -  Price	n/a
e)	Date of the transaction	13 January 2021
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Michael Willingham-Toxvaerd
2.	Reason for the Notification
a)	Position/status	Director - Executive Director
b)	Initial notification/Amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Nightcap plc
b)	LEI	213800MVK2M2T12TZA46
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	Grant of options over ordinary shares of 1p each
	Identification code	ISIN: GB00BLKGVD49
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise price of 10 pence per share 2,500,000
d)	Aggregated information: -  Aggregated volume -  Price	n/a
e)	Date of the transaction	13 January 2021
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Toby Rolph
2.	Reason for the Notification
a)	Position/status	Director - 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	Nightcap plc
b)	LEI	213800MVK2M2T12TZA46
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	Grant of options over ordinary shares of 1p each
	Identification code	ISIN: GB00BLKGVD49
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise price of 10 pence per share 5,000,000
d)	Aggregated information: -  Aggregated volume -  Price	n/a
e)	Date of the transaction	13 January 2021
f)	Place of the transaction	Outside a trading venue

For further enquiries:

Nightcap plc Sarah Willingham -Toxvaerd / Toby Rolph / Gareth Edwards	c/o Fleet Street Communications
Allenby Capital Limited (Nominated Adviser and Broker) Nick Naylor / Alex Brearley (Corporate Finance) Matt Butlin / Amrit Nahal / Tony Quirke (Sales and Corporate Broking)	[phone] www.allenbycapital.com
Fleet Street Communications (Financial PR) Mark Stretton / Mike Berry	[phone] www.fsc.uk.com

The Company's Admission Document is available at: www.nightcapplc.com  

Capitalised terms used in this announcement shall, unless the context provides otherwise, have the same meanings in the Company's Admission Document.

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