Grant of options / PDMR dealing

RNS Number : 3246R

Sosandar PLC

27 February 2019

 

Sosandar plc

("Sosandar" or the "Company")

Grant of options / PDMR dealing

Sosandar PLC (AIM: SOS), the online women's fashion brand, announces that on 25 February 2019, the Board granted 837,626 options over ordinary shares of 0.1 pence each in the Company ("Options") under the [Company's share option plan].

543,813 of the Options have been granted to certain members of senior management and 293,813 Options have been granted to James Bowling, the Company's Head of Finance and a PDMR.

50% of the Options granted will vest upon the Company achieving £5 million revenue in a 12 month period and 50% upon the Company becoming cash flow positive.  The Options have been granted with an exercise price of 29.2p per share and can be excersible if vested for a 10 year period from the date of the grant.

Following the grant of Options, the Company has a total of  20,650,000 options over ordinary shares of 0.1 each in the Company outstanding representing approximately 17.8% of the existing issued share capital of the Company.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on the grant of Options to James Bowling:

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	James Bowling
2	Reason for the notification
a)	Position/status	Head of Finance
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Sosandar plc
b)	LEI	2138004313MO7RXAVA37
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	Options over ordinary shares of 0.1 pence each in the Company GB00BDGS8G04
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)	Exercise price of Options Volume(s) 29.2 pence 293,813 Options
d)	Aggregated information - Aggregated volume - Price	N/A - Single transaction
e)	Date of the transaction	25 February 2019
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

Enquiries

Sosandar plc	www.sosandar.com
Julie Lavington / Ali Hall, Joint CEOs	c/o Alma PR
Shore Capital Patrick Castle / Mark Percy / James Thomas	[phone]
Alma PR Limited (Financial PR)	[phone]
Rebecca Sanders-Hewett / Josh Royston / Susie Hudson / Sam Modlin	[e-mail]

 

END

 

 

DSHSELFIWFUSEEE