Grant of Options and Director/PDMR Shareholding

RNS Number : 7801Z
Warpaint London PLC
25 May 2021
 

25 May 2021

Warpaint London PLC

("Warpaint", the "Company" or the "Group")

Grant of Options and Director/PDMR Shareholding

Warpaint London plc (AIM: W7L), the specialist supplier of colour cosmetics and owner of the W7 and Technic brands, announces the grant of options ("Options") on 24 May 2021 over a total of 400,000 Ordinary Shares of 25p each in the Company ("Ordinary Shares") to two PDMRs under the Warpaint London PLC share option schemes.

The options are granted pursuant to the Company's annual review of share options to Neil Rodol, the Company's Chief Financial Officer and Matthew Goldstein, the Managing Director of the Group's subsidiary Retra Holdings Limited, both of whom are PDMRs, as part of their annual remuneration and incentivisation packages.

 


Position

Number of options granted

Total number of options held post grant

Options and grant date

Neil Rodol

Chief Financial Officer

250,000

662,258

105,262 (EMI)

306,996 (LTIP)

 24,590 (CSOP)

225,410 (non-qualifying)

29 June 2017

21 September 2018

24 May 2021

24 May 2021

Matthew Goldstein

Managing Director Retra

150,000

210,000

60,000 (CSOP)

150,000 (non-qualifying)

20 May 2020

24 May 2021

 

The Options are exercisable at a price of 122 pence per Ordinary Share, being the closing price the day prior to grant, from 24 May 2024 to 24 May 2031. The exercise of Options is not subject to the satisfaction of any performance criteria.

Following these grants the total number of options in issue over Ordinary Shares is 4,890,382 representing 6.37% of the Company's issued share capital of 76,752,355 Ordinary Shares.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

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

Neil Rodol

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

Warpaint London PLC

b)

LEI

213800EBJ2CN6KIDCO78

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

Ordinary shares of 25p

 

W7 ISIN: GB00BYMF3676

 

b)

Nature of the transaction

Grant of Option

c)

Price(s) and volume(s)

  Price(s)

Volume(s)

122p

250,000

 

d)

Aggregated information

- Aggregated volume

- Price


N/A - single transaction

e)

Date of the transaction

24 May 2021

f)

Place of the transaction

Outside a Trading Venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Matthew Goldstein

2

Reason for the notification

a)

Position/status

Managing Director Retra

b)

 

Initial notification /Amendment

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Warpaint London PLC

b)

LEI

213800EBJ2CN6KIDCO78

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

Ordinary shares of 25p

 

W7 ISIN: GB00BYMF3676

 

b)

Nature of the transaction

Grant of Option

c)

Price(s) and volume(s)

  Price(s)

Volume(s)

122p

150,000

 

d)

Aggregated information

- Aggregated volume

- Price


N/A - single transaction

e)

Date of the transaction

24 May 2021

f)

Place of the transaction

Outside a Trading Venue

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Enquiries:

Warpaint London

Keith Sadler - Chairman of the Remuneration Committee

c/o IFC

Sam Bazini - Chief Executive Officer

Eoin Macleod - Managing Director

Neil Rodol - Chief Financial Officer

 

 

N+1 Singer (Nominated Adviser & Joint Broker)

 

020 7496 3000

Shaun Dobson, Jen Boorer, Alex Bond - Corporate Finance
Tom Salvesen - Corporate Broking

 

Shore Capital (Joint Broker)

020 7408 4090

Patrick Castle, Daniel Bush - Corporate Advisory

Fiona Conroy - Corporate Broking

 

 

IFC Advisory (Financial PR & IR)

 

020 3934 6630

Tim Metcalfe

Graham Herring

Florence Chandler

 

 

Warpaint London plc

Warpaint is made up of two divisions.

The largest division sells branded cosmetics under the lead brand names of W7 and Technic. W7 is sold in the UK primarily to retailers and internationally to local distributors or retail chains. The Technic brand is sold in the UK and continental Europe with a significant focus on the gifting market, principally for high street retailers and supermarkets. In addition, this division supplies own brand white label cosmetics produced for several major high street retailers. The Group also sells cosmetics using our other own brand names of Man'stuff, Body Collection, Vintage, Very Vegan, and Chit Chat.

The other division trades in close-out and excess inventory of branded cosmetics and fragrances from around the world.

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