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Revolution Bars (RBG)

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Wednesday 15 November, 2017

Revolution Bars

Director/PDMR Shareholding

RNS Number : 6028W
Revolution Bars Group
15 November 2017
 

Revolution Bars Group plc

("Revolution" or the "Company")

Grant of awards under the Revolution Bars Group Plc Performance Share Plan (the "Plan) and under Revolution Bars Group Plc Share Scheme (the "Scheme")

The Company announces that on 14 November 2017, it granted options under the Plan with an exercise price of £0.001 per share over, in aggregate, 370,000 ordinary shares of £0.001 each in the Company ("Ordinary Shares") (the "PSP Options") to Mike Foster, Kate Eastwood and Fiona Regan (the "Option Holders").

The Company also granted options to the Mike Foster over 18,518 Ordinary Shares under the terms of the Scheme (the "CSOP Options"). The CSOP Options were granted with an exercise price of £1.62 per share.

The PSP Options and CSOP Options shall vest and become exercisable on the date the Remuneration Committee determines that the performance targets set out in the deed of grant (the "Performance Conditions") have been met, and no later than 31 July 2020 (the "Vesting Date").  

Subject to the Performance Conditions being met, the PSP Options will be exercisable by the Option Holders within three years from the Vesting Date; and the CSOP Options will be exercisable by the Mike Foster within seven years from the Vesting Date.

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1

Details of PDMR/person closely associated with them ("PCA")

(a)

Name

Mike Foster

 

2

 Reason for the Notification

(b)

Position / status

Mike Foster - Chief Financial Officer

(c)

Initial notification / amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Revolution Bars Group plc

b)

LEI

213800QG159LSTF5IH69

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

Award of options over Ordinary Shares of £0.001.

(b)

Nature of the transaction

Award of performance share plan options made pursuant to the Plan.

(c)

Price(s) and
volume(s)

Price(s)

Volume(s)


PSP options - £0.001

240,000


(d)

Aggregated information

Aggregated volume Price

Price

Volume

£0.001

 

240,000

(e)

Date of the transaction

 2017-11-14

GMT

(f)

Place of the transaction

Outside a trading venue.

 

1

Details of PDMR/person closely associated with them ("PCA")

(a)

Name

Mike Foster

 

2

 Reason for the Notification

(b)

Position / status

Mike Foster - Chief Financial Officer

(c)

Initial notification / amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Revolution Bars Group plc

b)

LEI

213800QG159LSTF5IH69

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

Award of options over Ordinary Shares of £0.001.

(b)

Nature of the transaction

Award of company share option plan options pursuant to the Scheme.

 

(c)

Price(s) and
volume(s)

Price(s)

Volume(s)


CSOP options - £1.62

18,518


(d)

Aggregated information

Aggregated volume Price

Price

Volume

£1.62

 

18,518

(e)

Date of the transaction

 2017-11-14

GMT

(f)

Place of the transaction

Outside a trading venue.

 

1

Details of PDMR/person closely associated with them ("PCA")

(a)

Name

Kate Eastwood

 

2

 Reason for the Notification

(b)

Position / status

Kate Eastwood - Sales Director

(c)

Initial notification / amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Revolution Bars Group plc

b)

LEI

213800QG159LSTF5IH69

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

Award of options over Ordinary Shares of £0.001.

(b)

Nature of the transaction

Award of performance share plan options made pursuant to the Revolution Bars Group Plc Performance Share Plan.

 

(c)

Price(s) and
volume(s)

Price(s)

Volume(s)


PSP options - £0.001

50,000


(d)

Aggregated information

Aggregated volume Price

Price

Volume

£0.001

50,000

(e)

Date of the transaction

 2017-11-14

GMT

(f)

Place of the transaction

Outside a trading venue.

 

1

Details of PDMR/person closely associated with them ("PCA")

(a)

Name

Fiona Regan

2

 Reason for the Notification

(b)

Position / status

Fiona Regan - People Development Director

(c)

Initial notification / amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Revolution Bars Group plc

b)

LEI

213800QG159LSTF5IH69

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

Award of options over Ordinary Shares of £0.001.

(b)

Nature of the transaction

Awards of performance share plan options made pursuant to the Revolution Bars Group Plc Performance Share Plan.

 

(c)

Price(s) and
volume(s)

Price(s)

Volume(s)


PSP options - £0.001

80,000


(d)

Aggregated information

Aggregated volume Price

Price

Volume

£0.001

80,000

 

(e)

Date of the transaction

 

 2017-11-14

GMT

(f)

Place of the transaction

Outside a trading venue.

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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