Grant of Options and Director Dealings

RNS Number : 8759Y

Quiz PLC

19 January 2022

 

19 January 2022

QUIZ Plc

("QUIZ" or the "Group")

Grant of Options and Director Dealings

QUIZ, the omni-channel fashion brand, is pleased to announce that on 18 January 2022, the Group's Remuneration Committee and the Board approved the grant of options over an aggregate of 1,523,000 ordinary shares of 0.3 pence each ("Ordinary Shares") to 36 employees, including Gerard Sweeney, Chief Financial Officer, pursuant to its Company Share Option Plan and Employee Share Option Plan (the "Option Plans").

The options granted have a vesting period of three years from grant, a total exercise period of ten years from grant and an exercise price of 17.00 pence per Ordinary Share (being the closing mid-market price of an Ordinary Share on the dealing day immediately preceding the date of grant).

The grant of options comprises options over 200,000 Ordinary Shares to Gerard Sweeney, Chief Financial Officer, and options over 1,323,000 Ordinary Shares in aggregate to 35 other senior managers and employees.

Following the above grants:

· Gerard Sweeney's interest in Ordinary Shares amounts to 12,422 shares representing 0.01% of the issued ordinary share capital of the Company held personally and 380,600 Ordinary Shares under option pursuant to the Options Plans; and

· the Company has a total of 2,978,436 Ordinary Shares under option and a warrant instrument which allows for 186,335 Ordinary Shares to be subscribed for at 80.5 pence per Ordinary Share.  In aggregate, these arrangements relate to 3,164,771 Ordinary Shares representing approximately 2.55% of the issued ordinary share capital of the Company.

The Group's Remuneration Committee believes that the grant of these options ensures that the key employees remain appropriately incentivised to enhance shareholder value.

Enquiries:

QUIZ plc	Via Hudson Sandler
Tarak Ramzan, Chief Executive Officer Gerry Sweeney, Chief Financial Officer Sheraz Ramzan, Chief Commercial Officer
Panmure Gordon (Nominated Adviser and Sole Broker) Alina Vaskina (Corporate Finance) Erik Anderson (Corporate Broking)	[phone]
Hudson Sandler LLP (Public Relations)	[phone]
Alex Brennan / Lucy Wollam	[e-mail]

Notes:

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR").

About QUIZ :

QUIZ is an omni-channel fashion brand, specialising in occasion wear and dressy casual wear. QUIZ delivers a distinct proposition that empowers its fashion forward customers to stand out from the crowd.

QUIZ's buying and design teams constantly develop its own product lines, ensuring the latest glamorous looks at value prices. This fast, flexible supply chain, together with the winning formula of style, quality, value and speed-to-market has enabled QUIZ to grow rapidly into an international brand with stores, concessions, franchise stores, wholesale partners and international online partners.

QUIZ operates through an omni-channel business model, which encompasses online sales, standalone stores, concessions, international franchises and wholesale arrangements. 

To download images please visit: http://www.quizgroup.co.uk/media-download-centre/

For further information:

https://www.quizclothing.co.uk/

http://www.quizgroup.co.uk/

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)	Names	Gerard Sweeney
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	QUIZ plc
b)	LEI	213800A3QTOPTGSTNZ78
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 0.3p each
b)	Identification code	ISIN: JE00BZ00SF59
c)	Nature of the transaction	Grant of options over Ordinary Shares
d)	Price(s) and volume(s)	The grant of 200,000 options over Ordinary shares with an exercise price of 17.00 pence.
d)	Aggregated information  - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	18 January 2020
f)	Place of the transaction	Outside a trading venue

 

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