Grant of Options

RNS Number : 6279E

Revolution Bars Group

19 October 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 18 October 2018, it granted options under the Plan with an exercise price of £0.001 per share over, in aggregate, 1,047,654 ordinary shares of £0.001 each in the Company ("Ordinary Shares") (the "PSP Options") to Rob Pitcher, Mark Walter, Alex Stanhope, Fiona Regan, Kate Eastwood, Myles Doran, Clinton Ghent and Andy Dyson (the "Option Holders").

The Company also granted options to Rob Pitcher, Mark Walter and Alex Stanhope over 78,600 Ordinary Shares under the terms of the Scheme (the "CSOP Options"). The CSOP Options were granted with an exercise price of £1.145 per share.

The PSP Options and CSOP Options shall vest and become exercisable on the date the Remuneration Committee determines that the performance targets, as set out in the deed of grant (the "Performance Conditions"), have been met, which is likely to be on the date that is the later of the preliminary announcement of the results for the year ended June 2021 and 18 October 2021, being three years from the date of grant of the options (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 within seven years from the Vesting Date.

Name	Position	Scheme	Description	Price	Volume
Rob Pitcher	CEO	PSP	Award of options over Ord shares of £0.001	£0.001	585,154
Rob Pitcher	CEO	CSOP	As above	£1.145	26,200
Mark Walter	Operations Director - Revolution South	PSP	As above	£0.001	150,000
Mark Walter	Operations Director	CSOP	As above	£1.145	26,200
Alex Stanhope	Property Director	PSP	As above	£0.001	150,000
Alex Stanhope	Property Director	CSOP	As above	£1.145	26,200
Fiona Regan	People Development Director	PSP	As above	£0.001	35,000
Kate Eastwood	Sales & Marketing Director	PSP	As above	£0.001	50,000
Myles Doran	Commercial Director	PSP	As above	£0.001	37,500
Andy Dyson	Operations Director - Revolution North	PSP	As above	£0.001	20,000
Clinton Ghent	Operations Director - Revolucion de Cuba	PSP	As above	£0.001	20,000

 

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