Grant of Options

RNS Number : 4289T

Revolution Bars Group

24 November 2021

 

Revolution Bars Group Plc

("Revolution" or the "Company") 

Grant of Options

Revolution Bars Group plc announces that on 23 November 2021, its Remuneration Committee agreed to grant options under the Revolution Bars Group plc Performance Share Plan (the "Plan") with an exercise price of £0.001 per share over 3,219,066 ordinary shares of £0.001 each in the Company ("Ordinary Shares") (the "PSP Options") to directors and other persons discharging managerial responsibility ("PDMRs") as set out in the table below.

The PSP Options shall vest and become exercisable on the date that is the later of the date which is three years from the date of grant being 23 November 2024 and the preliminary announcement of the results for the 52 weeks ended 30 June 2024, subject to continued service and the Group's Remuneration Committee being satisfied that the Group's underlying performance and delivery against its strategy and plans is sufficient to justify the level of vesting having regard to such factors as the Remuneration Committee considers to be appropriate in the round (including, inter alia, revenue, earnings and share price performance) and the shareholder experience more generally (including windfall gains). The PSP Options granted to Chief Executive Officer and Chief Financial Officer are subject to a two-year post vesting holding period (net of sales for tax).

Name	Position	Number of Ordinary Shares under PSP Option
Rob Pitcher	Chief Executive Officer	1,519,149
Danielle Davies	Chief Financial Officer	781,277
Andy Dyson	Business Development Director	183,728
Mark Walter	Brand Operations Director - Revolution	183,728
Beth Anderson	People Director	183,728
Alex Young	Sales and Marketing Director	183,728
Fiona Hall	Commercial Director	183,728

The PSP Options have been determined in accordance with the rules of the Plan, as approved by shareholders at the Group's Annual General Meeting held on 22 December 2020.

The total number of shares under option following this grant represents 3.14 % of the existing issued share capital of the Company. 

Enquiries:

Revolution Bars Group plc Tel: [phone] Rob Pitcher, CEO Danielle Davies, CFO finnCap, NOMAD and Joint Broker Tel: [phone] Matt Goode / Simon Hicks / Teddy Whiley (Corporate Finance) Tim Redfern / Richard Chambers (ECM) Peel Hunt LLP, Joint Broker Tel: [phone] Instinctif (Financial PR) Tel: [phone] Matt Smallwood

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	Rob Pitcher
2.	Reason for the Notification
a)	Position/status	Chief Executive 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 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, type of instrument	Ordinary shares of  £0.001
	Identification code	GB00BVDPPV41
b)	Nature of the transaction	Grant of options over Ordinary Shares of  £0.001
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.001 1,519,149
d)	Aggregated information: · Aggregated volume · Price	See 4 (c) above
e)	Date of the transaction	23 November 2021
f)	Place of the transaction	Outside of a trading venue

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	Danielle Davies
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 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, type of instrument	Ordinary shares of  £0.001
	Identification code	GB00BVDPPV41
b)	Nature of the transaction	Grant of options over  Ordinary Shares of  £0.001
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.001 781,277
d)	Aggregated information: · Aggregated volume · Price	See 4 (c) above
e)	Date of the transaction	23 November 2021
f)	Place of the transaction	Outside of a trading venue

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 Dyson
2.	Reason for the Notification
a)	Position/status	Business Development Director
b)	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, type of instrument	Ordinary shares of  £0.001
	Identification code	GB00BVDPPV41
b)	Nature of the transaction	Grant of options over  Ordinary Shares of  £0.001
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.001 183,728
d)	Aggregated information: · Aggregated volume · Price	See 4 (c) above
e)	Date of the transaction	23 November 2021
f)	Place of the transaction	Outside of a trading venue

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	Mark Walter
2.	Reason for the Notification
a)	Position/status	Brand Operations Director - Revolution
b)	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, type of instrument	Ordinary shares of  £0.001
	Identification code	GB00BVDPPV41
b)	Nature of the transaction	Grant of options over  Ordinary Shares of  £0.001
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.001 183,728
d)	Aggregated information: · Aggregated volume · Price	See 4 (c) above
e)	Date of the transaction	23 November 2021
f)	Place of the transaction	Outside of a trading venue

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	Beth Anderson
2.	Reason for the Notification
a)	Position/status	People Director
b)	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, type of instrument	Ordinary shares of  £0.001
	Identification code	GB00BVDPPV41
b)	Nature of the transaction	Grant of options over  Ordinary Shares of  £0.001
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.001 183,728
d)	Aggregated information: · Aggregated volume · Price	See 4 (c) above
e)	Date of the transaction	23 November 2021
f)	Place of the transaction	Outside of a trading venue

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	Alexandra Young
2.	Reason for the Notification
a)	Position/status	Sales and Marketing Director
b)	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, type of instrument	Ordinary shares of  £0.001
	Identification code	GB00BVDPPV41
b)	Nature of the transaction	Grant of options over  Ordinary Shares of  £0.001
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.001 183,728
d)	Aggregated information: · Aggregated volume · Price	See 4 (c) above
e)	Date of the transaction	23 November 2021
f)	Place of the transaction	Outside of a trading venue

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	Fiona Hall
2.	Reason for the Notification
a)	Position/status	Commercial Director
b)	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, type of instrument	Ordinary shares of  £0.001
	Identification code	GB00BVDPPV41
b)	Nature of the transaction	Grant of options over of Ordinary Shares of  £0.001
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.001 183,728
d)	Aggregated information: · Aggregated volume · Price	See 4 (c) above
e)	Date of the transaction	23 November 2021
f)	Place of the transaction	Outside of a trading venue

 

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