Implementation of Long Term Incentive Plan

RNS Number : 3170G

Revolution Beauty Group PLC

23 July 2021

 

For Immediate Release

23 July 2021

REVOLUTION BEAUTY GROUP PLC

("Revolution Beauty", the "Group" or the "Company")

Implementation of Long Term Incentive Plan

and

PDMR and PCA dealings

Revolution Beauty Group plc (AIM:REVB), the multi-brand, multi-category, and multi-channel mass beauty innovator with proven global scale, announces that, in line with the proposal set out in its recently published admission document dated 13 July 2021 (the "Admission Document"), options over 8,064,469 ordinary shares of £0.01 each ("Ordinary Shares") in aggregate were granted under the Revolution Beauty Long Term Incentive Plan ("LTIP") to certain of the Company's directors and other employees.

The LTIP has been established to incentivise senior management to deliver long-term value creation for shareholders and ensure alignment with shareholder interests.

Initial LTIP awards in respect of options over 955,567 Ordinary Shares were made to employees who participated in a legacy share plan and will, as far as practicable, replicate vesting periods for that previous plan. LTIP awards in respect of options over 7,108,902 Ordinary Shares are subject to stretching performance conditions linked to targets determined by the board. The LTIP options have an exercise price of £0.01 per Ordinary Share.

As part of the above, LTIP options over Ordinary Shares were granted on 22 July 2021 to the following PDMRs and PCAs at an exercise price of £0.01 per Ordinary Share.

Name	Title	Total number of Ordinary Shares over which LTIP options granted
Andrew Clark	Chief Financial Officer	225,000
Sally Minto	Global Digital Director and PCA of Chief Executive Officer Adam Minto	230,014*
Steven Griffiths	Head of Digital Development and PCA of Non-Executive Director Gita Samani	17,188

*Note that LTIP options over 117,514 Ordinary Shares granted to Sally Minto are awards to replicate a legacy incentive plan which is no longer in place.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, 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	Andrew Clark
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 Beauty Group plc
b)	LEI	21380083TTJWXK677H17
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 £0.01 ISIN: GB00BP7L1T61
b)	Nature of the transaction	Grant of options under the Revolution Beauty Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) £0.01	Volume(s) 225,000
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	22 July 2021
f)	Place of the transaction	Outside of trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Sally Minto
2	Reason for the notification
a)	Position/status	Global Digital Director and PCA of Chief Executive Officer Adam Minto
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Revolution Beauty Group plc
b)	LEI	21380083TTJWXK677H17
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 £0.01 ISIN: GB00BP7L1T61
b)	Nature of the transaction	Grant of options under the Revolution Beauty Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) £0.01	Volume(s) 230,014
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	22 July 2021
f)	Place of the transaction	Outside of trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Steven Griffiths
2	Reason for the notification
a)	Position/status	Head of Digital Development and PCA of Non-Executive Director Gita Samani
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Revolution Beauty Group plc
b)	LEI	21380083TTJWXK677H17
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 £0.01 ISIN: GB00BP7L1T61
b)	Nature of the transaction	Grant of options under the Revolution Beauty Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) £0.01	Volume(s) 17,188
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	22 July 2021
f)	Place of the transaction	Outside of trading venue

For further information:

Revolution Beauty Group plc	via Buchanan
Adam Minto, Founder & CEO	Tel: [phone]
Tom Allsworth, Founder & Executive Chairman	www.revolutionbeautyplc.com
Zeus Capital Limited (Nominated Adviser & Broker)
Corporate Finance
Nick Cowles / Jordan Warburton		Tel: [phone]
Equity Capital Markets		Tel: [phone]
John Goold / Dominic King		www.zeuscapital.co.uk

Media enquiries:

Buchanan
Richard Oldworth / Henry Harrison-Topham Sophie Wills / Kim Looringh-van Beeck / Toto Berger	Tel: [phone]
[e-mail]	www.buchanan.uk.com

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