Director/PDMR Shareholding

RNS Number : 6028W

Revolution Bars Group

15 November 2017

 

Revolution Bars Group plc

("Revolution" or the "Company")

Grant of awards under the Revolution Bars Group Plc Performance Share Plan (the "Plan) and under Revolution Bars Group Plc Share Scheme (the "Scheme")

The Company announces that on 14 November 2017, it granted options under the Plan with an exercise price of £0.001 per share over, in aggregate, 370,000 ordinary shares of £0.001 each in the Company ("Ordinary Shares") (the "PSP Options") to Mike Foster, Kate Eastwood and Fiona Regan (the "Option Holders").

The Company also granted options to the Mike Foster over 18,518 Ordinary Shares under the terms of the Scheme (the "CSOP Options"). The CSOP Options were granted with an exercise price of £1.62 per share.

The PSP Options and CSOP Options shall vest and become exercisable on the date the Remuneration Committee determines that the performance targets set out in the deed of grant (the "Performance Conditions") have been met, and no later than 31 July 2020 (the "Vesting Date").  

Subject to the Performance Conditions being met, the PSP Options will be exercisable by the Option Holders within three years from the Vesting Date; and the CSOP Options will be exercisable by the Mike Foster within seven years from the Vesting Date.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of PDMR/person closely associated with them ("PCA")
(a)	Name	Mike Foster
2	Reason for the Notification
(b)	Position / status	Mike Foster - Chief Financial Officer
(c)	Initial notification / amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Revolution Bars Group plc
b)	LEI	213800QG159LSTF5IH69
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	Award of options over Ordinary Shares of £0.001.
(b)	Nature of the transaction	Award of performance share plan options made pursuant to the Plan.
(c)	Price(s) and volume(s)	Price(s) Volume(s) PSP options - £0.001 240,000
(d)	Aggregated information Aggregated volume Price	Price Volume £0.001 240,000
(e)	Date of the transaction	2017-11-14 GMT
(f)	Place of the transaction	Outside a trading venue.

1	Details of PDMR/person closely associated with them ("PCA")
(a)	Name	Mike Foster
2	Reason for the Notification
(b)	Position / status	Mike Foster - Chief Financial Officer
(c)	Initial notification / amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Revolution Bars Group plc
b)	LEI	213800QG159LSTF5IH69
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	Award of options over Ordinary Shares of £0.001.
(b)	Nature of the transaction	Award of company share option plan options pursuant to the Scheme.
(c)	Price(s) and volume(s)	Price(s) Volume(s) CSOP options - £1.62 18,518
(d)	Aggregated information Aggregated volume Price	Price Volume £1.62 18,518
(e)	Date of the transaction	2017-11-14 GMT
(f)	Place of the transaction	Outside a trading venue.

1	Details of PDMR/person closely associated with them ("PCA")
(a)	Name	Kate Eastwood
2	Reason for the Notification
(b)	Position / status	Kate Eastwood - Sales Director
(c)	Initial notification / amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Revolution Bars Group plc
b)	LEI	213800QG159LSTF5IH69
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	Award of options over Ordinary Shares of £0.001.
(b)	Nature of the transaction	Award of performance share plan options made pursuant to the Revolution Bars Group Plc Performance Share Plan.
(c)	Price(s) and volume(s)	Price(s) Volume(s) PSP options - £0.001 50,000
(d)	Aggregated information Aggregated volume Price	Price Volume £0.001 50,000
(e)	Date of the transaction	2017-11-14 GMT
(f)	Place of the transaction	Outside a trading venue.

1	Details of PDMR/person closely associated with them ("PCA")
(a)	Name	Fiona Regan
2	Reason for the Notification
(b)	Position / status	Fiona Regan - People Development Director
(c)	Initial notification / amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Revolution Bars Group plc
b)	LEI	213800QG159LSTF5IH69
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	Award of options over Ordinary Shares of £0.001.
(b)	Nature of the transaction	Awards of performance share plan options made pursuant to the Revolution Bars Group Plc Performance Share Plan.
(c)	Price(s) and volume(s)	Price(s) Volume(s) PSP options - £0.001 80,000
(d)	Aggregated information Aggregated volume Price	Price Volume £0.001 80,000
(e)	Date of the transaction	2017-11-14 GMT
(f)	Place of the transaction	Outside a trading venue.

 

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