Issue of Shares under Share Incentive Plan & TVR

RNS Number : 3439J

Revolution Beauty Group PLC

20 August 2021

 

For Immediate Release

20 August 2021

REVOLUTION BEAUTY GROUP PLC

("Revolution Beauty", the "Group" or the "Company")

Issue of Shares under Share Incentive Plan

PDMR and PCA dealings

and

Total Voting Rights

Revolution Beauty Group plc (AIM:REVB), the multi-brand, multi-category, and multi-channel mass beauty innovator with proven global scale , announces that, in line with the proposal set out in its admission document dated 13 July 2021 (the "Admission Document"), 362,250 ordinary shares of £0.01 each ("Ordinary Shares") in aggregate have been issued today under the Revolution Beauty Share Incentive Plan ("SIP") to 161 of the Company's employees. The issue price is 160 pence per Ordinary Share.

The SIP has been established to incentivise the wider employee base to deliver long-term value creation for shareholders and ensure alignment with shareholder interests. As described in the Admission Document, the Ordinary Shares issued under the SIP will be held by trustees for a period of between three and five years, as determined by the Board, during which time they may not be disposed of. Should the Ordinary Shares be withdrawn by the participant, then they may be forfeited.

As part of the above, Ordinary Shares have been issued today to the following PDMRs and PCAs:

Name	Title	Total number of Ordinary Shares issued pursuant to the SIP
Andrew Clark	Chief Financial Officer	2,250
Sally Minto	Global Digital Director and PCA of Chief Executive Officer Adam Minto	2,250
Steven Griffiths	Head of Digital Development and PCA of Non-Executive Director Gita Samani	2,250

In addition, the Company has granted 17 non-UK employees phantom long term incentive plan awards ("Phantom LTIP") which will provide a cash bonus on the third anniversary of the date of the award equivalent to the value of the Ordinary Shares at the end of that period, if still an employee. The notional award of the Phantom LTIP is an aggregate of 38,250 Ordinary Shares. No Ordinary Shares will be issued as part of the Phantom LTIP. Further detail on the Phantom LTIP is contained within the Admission Document.

Total Voting Rights

Application has been made to the London Stock Exchange for the 362,250 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective at 8.00 a.m. on 26 August 2021.

Following Admission, the total number of Shares and voting rights in the Company will be 309,737,250. There are no Ordinary Shares held in treasury.  This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

For further information:

Revolution Beauty Group plc	via Buchanan
Adam Minto, Founder & CEO	Tel: [phone]
Tom Allsworth, Founder & Executive Chairman	www.revolutionbeautyplc.com
Zeus Capital Limited (Nominated Adviser & Broker)
Corporate Finance
Nick Cowles / Jordan Warburton		Tel: [phone]
Equity Capital Markets		Tel: [phone]
Dominic King / Ben Robertson		www.zeuscapital.co.uk

Media enquiries:

Buchanan
Richard Oldworth / Henry Harrison-Topham Sophie Wills / Kim Looringh-van Beeck / Toto Berger	Tel: [phone]
[e-mail]	www.buchanan.uk.com

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, provides further detail. 

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	Andrew Clark
2	Reason for the notification
a)	Position/status	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	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 transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of £0.01 ISIN: GB00BP7L1T61
b)	Nature of the transaction	Issue of Ordinary Shares under the Revolution Beauty Share Incentive Plan
c)	Price(s) and volume(s)	Price(s) 160p	Volume(s) 2,250
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	20 August 2021
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Sally Minto
2	Reason for the notification
a)	Position/status	Global Digital Director and PCA of Chief Executive Officer Adam Minto
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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 transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of £0.01 ISIN: GB00BP7L1T61
b)	Nature of the transaction	Issue of Ordinary Shares under the Revolution Beauty Share Incentive Plan
c)	Price(s) and volume(s)	Price(s) 160p	Volume(s) 2,250
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	20 August 2021
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Steven Griffiths
2	Reason for the notification
a)	Position/status	Head of Digital Development and PCA of Non-Executive Director Gita Samani
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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 transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of £0.01 ISIN: GB00BP7L1T61
b)	Nature of the transaction	Issue of Ordinary Shares under the Revolution Beauty Share Incentive Plan
c)	Price(s) and volume(s)	Price(s) 160p	Volume(s) 2,250
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	20 August 2021
f)	Place of the transaction	London Stock Exchange

- Ends -

 

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