Share Option Plan, Grant of Options & PDMR Holding

RNS Number : 5434N

Warpaint London PLC

21 May 2020

 

 21 May 2020

Warpaint London PLC

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

Implementation of Company Share Option Plan, Initial 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 implementation of the Warpaint London PLC Company Share Option Plan adopted by the Company on 20 May 2020 ("CSOP") and the grant of options ("Options") on 20 May 2020 over a total of 454,686 Ordinary Shares of 25p each in the Company ("Ordinary Shares") under the CSOP.

The CSOP has been established to incentivise employees to increase shareholder value over the long term.

Included within the 454,686 Options granted are the following to Sally Craig, General Counsel & Company Secretary and other PDMRs of the Company 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
Sally Craig	General Counsel & Company Secretary	10,000	20,000	10,000 (EMI) 10,000 (CSOP)	29 June 2017 20 May 2020
Matthew Goldstein	Managing Director Retra	60,000	60,000	50,000 (CSOP)	20 May 2020
Richard Eastwood	Sales Representative	21,053	195,604	21,053 (EMI) 153,498 (LTIP) 21,053 (CSOP)	29 June 2017 21 September 2018 20 May 2020
Sandra Hewett	Financial Controller	21,053	42,106	21,053 (EMI) 21,053 (CSOP)	29 June 2017 20 May 2020

The remaining 342,580 Options granted have been awarded to members of the Company's workforce. The Options are excercisable at 49.5 pence per Ordinary Share from 20 May 2023 to 20 May 2030.

Following these grants the total number of options in issue over Ordinary Shares is 4,542,988.

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	Sally Craig
2	Reason for the notification
a)	Position/status	General Counsel & Company Secretary
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) 49.5p 10,000
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	20 May 2020
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) 49.5p 60,000
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	20 May 2020
f)	Place of the transaction	Outside a Trading Venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Richard Eastwood
2	Reason for the notification
a)	Position/status	Sales Representative
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) 49.5 p 21,053
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	20 May 2020
f)	Place of the transaction	Outside a Trading Venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Sandra Hewett
2	Reason for the notification
a)	Position/status	Financial Controller
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) 49.5 p 21,053
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	20 May 2020
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
Shore Capital (Nominated Adviser and Joint Broker) Antonio Bossi - Corporate Advisory Daniel Bush - Corporate Advisory Fiona Conroy - Corporate Broking	020 7408 4090
N+1 Singer (Joint Broker) Shaun Dobson - Corporate Finance Alex Bond - Corporate Finance	020 7496 3000
IFC Advisory (Financial PR & IR) Tim Metcalfe Graham Herring Florence Chandler	020 3934 6630

 

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