Information  X 
Enter a valid email address

Revolution Bars (RBG)


Friday 04 November, 2016

Revolution Bars

Issue of share options

RNS Number : 4284O
Revolution Bars Group
04 November 2016

Revolution Bars Group plc (LSE: RBG)

(the "Company")


Issue of share options


Revolution Bars Group plc, announces that options over 635,000 ordinary shares of 0.001p each in the Company(ISIN: GB00BVDPPV41) ("Ordinary Shares") were granted pursuant to the Company's Performance Share Plan ("PSP") and Company Share Option Plan (together, the "Options") on 2 November to a Director and senior personnel of Revolution Bars Group, as follows:


 Director/Senior Personnel

New Options granted

Total Number of Ordinary Shares under Option

% of issued share capital represented by Options now held

Chris Chambers




Jimmy Del Giudice




Myles Doran




Godfrey Russell






The Options granted to Chris Chambers comprise Options over 393,241 Ordinary Shares granted under the PSP and Options over 16,759 Ordinary Shares granted under the CSOP. All of the Options granted to the other persons discharging managerial responsibilities were granted pursuant to the PSP.


The PSP Options will vest in three tranches between 19 March 2018 and 31 July 2020, subject to certain performance conditions.


The CSOP Options may be exercised between 2 November 2019 and 31 July 2020, subject to certain performance conditions, at an exercise price of 179p per Ordinary Share.


Following the new grant of options and assuming all vesting criteria are met, the fully diluted number of Ordinary Shares would be 55,500,000, of which the total number of Ordinary Shares over which options currently issued and outstanding represent 10%.




For further information:


Revolution Bars Group plc

Mark McQuater, CEO

Chris Chambers, CFO


0161 330 3876

Instinctif Partners

Justine Warren/Matthew Smallwood

020 7457 2020


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

a d v e r t i s e m e n t