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Revolution Bars (RBG)

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Friday 19 October, 2018

Revolution Bars

Grant of Options

RNS Number : 6279E
Revolution Bars Group
19 October 2018
 

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 18 October 2018, it granted options under the Plan with an exercise price of £0.001 per share over, in aggregate, 1,047,654 ordinary shares of £0.001 each in the Company ("Ordinary Shares") (the "PSP Options") to Rob Pitcher, Mark Walter, Alex Stanhope, Fiona Regan, Kate Eastwood, Myles Doran, Clinton Ghent and Andy Dyson (the "Option Holders").

The Company also granted options to Rob Pitcher, Mark Walter and Alex Stanhope over 78,600 Ordinary Shares under the terms of the Scheme (the "CSOP Options"). The CSOP Options were granted with an exercise price of £1.145 per share.

The PSP Options and CSOP Options shall vest and become exercisable on the date the Remuneration Committee determines that the performance targets, as set out in the deed of grant (the "Performance Conditions"), have been met, which is likely to be on the date that is the later of the preliminary announcement of the results for the year ended June 2021 and 18 October 2021, being three years from the date of grant of the options (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 within seven years from the Vesting Date.

 

Name

Position

Scheme

Description

Price

Volume







Rob Pitcher

CEO

PSP

Award of options over Ord shares of £0.001

£0.001

585,154

Rob Pitcher

CEO

CSOP

As above

£1.145

  26,200







Mark Walter

Operations Director - Revolution South

PSP

As above

£0.001

150,000

Mark Walter

Operations Director

CSOP

As above

£1.145

  26,200

Alex Stanhope

Property Director

PSP

As above

£0.001

 

150,000

Alex Stanhope

Property Director

CSOP

As above

£1.145

 

  26,200

Fiona Regan

People Development Director

PSP

As above

£0.001

  35,000

Kate Eastwood

Sales & Marketing Director

PSP

As above

£0.001

  50,000

Myles Doran

Commercial Director

PSP

As above

£0.001

  37,500

Andy Dyson

Operations Director - Revolution North

PSP

As above

£0.001

  20,000

Clinton Ghent

Operations Director - Revolucion de Cuba

PSP

As above

£0.001

  20,000

 


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