Director/PDMR Shareholding

RNS Number : 7913K

Revolution Bars Group

12 April 2018

 

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 12 April 2018, 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 Simon Dobson, Andrew Dyson and Clinton Ghent (the "Option Holders").

The Company also granted options to the Simon Dobson over 20,689 Ordinary Shares under the terms of the Scheme (the "CSOP Options"). The CSOP Options were granted with an exercise price of £1.45 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 30 September 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 Simon Dobson within seven years from the Vesting Date.

Name	Position	Scheme	Description	Price	Volume
Simon Dobson	Food Director	PSP	Award of options over Ord shares of £0.001	£0.001	150,000
Simon Dobson	Food Director	CSOP	As above	£1.45	20,689
Clinton Ghent	Brand Manager	PSP	As above	£0.001	110,000
Andrew Dyson	Regional Operations Manager	PSP	As above	£0.001	110,000

 

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