Grant of Options and Director/PDMR Shareholding

Warpaint London PLC

05 December 2024

 

5 December 2024

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 5 December 2024 over a total of 205,000 Ordinary Shares of 25p each in the Company ("Ordinary Shares") to three PDMRs under the Warpaint London PLC share option schemes.

The Options have been granted to Neil Rodol, the Company's Chief Financial Officer, Sally Craig, the Group's General Counsel & Company Secretary and Matthew Goldstein, the Managing Director of the Group's subsidiary Retra Holdings Limited, all of whom are PDMRs.  The Options have been granted as part of their annual remuneration and incentivisation packages. Further detail on the Options is set out below:

	Position	Number of options granted	Total number of options held post grant	Summary of options held and grant date
Neil Rodol	Chief Financial Officer	120,000	240,000	9,230 (CSOP) 110,770 (non-qualifying) 120,000 (non-qualifying)	24 Nov 2023 24 Nov 2023 5 Dec 2024
Sally Craig	General Counsel & Company Secretary	10,000	40,000	10,000 (EMI) 10,000 (CSOP) 10,000 (CSOP) 10,000 (non-qualifying)	29 June 2017 20 May 2020 24 Nov 2023 5 Dec 2024
Matthew Goldstein	Managing Director, Retra	75,000	150,000	18,461 (CSOP) 56,539 (non-qualifying) 75,000 (non-qualifying)	24 Nov 2023 24 Nov 2023 5 Dec 2024

The Options are exercisable at a price of 490 pence per Ordinary Share and are exercisable from 5 December 2027 until 5 December 2034. The Options are exercisable subject to certain performance conditions being met, including that the compound annual growth rate in the Company's Adjusted Basic earnings per share must exceed 10 per cent. over the three financial years commencing 1 January 2025, subject to the discretion of the Board.

Following these grants the total number of options in issue over Ordinary Shares is 1,226,842, representing 1.58 % of the Company's issued share capital of 77,742,723 Ordinary Shares.

The information in the below notification is disclosed in accordance with Article 19 of the EU Market Abuse Regulation.

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 each GB00BYMF3676
b)	Nature of the transaction	Grant of Option
c)	Price(s) and volume(s)	Price(s) Volume(s) 490 p 120,000
d)	Aggregated information - Aggregated volume - Price	N/A Single Transaction
e)	Date of the transaction	5 December 2024
f)	Place of the transaction	Outside a Trading Venue

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 each GB00BYMF3676
b)	Nature of the transaction	Grant of Option
c)	Price(s) and volume(s)	Price(s) Volume(s) 490 p 10,000
d)	Aggregated information - Aggregated volume - Price	N/A Single Transaction
e)	Date of the transaction	5 December 2024
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 each GB00BYMF3676
b)	Nature of the transaction	Grant of Option
c)	Price(s) and volume(s)	Price(s) Volume(s) 490 p 75,000
d)	Aggregated information - Aggregated volume - Price	N/A Single Transaction
e)	Date of the transaction	5 December 2024
f)	Place of the transaction	Outside a Trading Venue

Enquiries:

Warpaint London Sam Bazini - Chief Executive Officer Eoin Macleod - Managing Director Neil Rodol - Chief Financial Officer	c/o IFC
Shore Capital (Nominated Adviser & Broker) Patrick Castle, Daniel Bush - Corporate Advisory Fiona Conroy - Corporate Broking	020 7408 4090
IFC Advisory (Financial PR & IR) Tim Metcalfe, Graham Herring, Florence Chandler	020 3934 6630

Warpaint London plc

Warpaint sells branded cosmetics under the lead brand names of W7 and Technic. W7 is sold in the UK primarily to major 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, Warpaint supplies own brand white label cosmetics produced for several major high street retailers.  In additions Warpaint supplies cosmetics using its other brand names of Man'stuff, Body Collection and Chit Chat, each targeting a different demographic.

 

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