Grant of Share Options

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	[e-mail]
Joint Corporate Brokers Zeus (NOMAD): Nick Cowles /Jamie Peel /Jordan Warburton Liberum: Clayton Bush / Edward Thomas / Miquela Bezuidenhoudt	Tel: [phone] Tel: [phone]
Media enquiries Headland Consultancy Matt Denham / Will Smith / Antonia Pollock	Tel: [phone] [e-mail]

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.

 

END