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.

 

END

 

 

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