TIDMANG

RNS Number : 7067H

Angling Direct PLC

31 July 2023

Angling Direct plc

("Angling Direct ", the "Company" or the "Group")

Grant of Options

Angling Direct plc (AIM: ANG), announces that, pursuant to the Company's Long Term Incentive Plan ("LTIP"), options ("the Options") have been granted over ordinary shares of 1p each ("Ordinary Shares") in the Company to Steve Crowe (CEO) and Sam Copeman (CFO), each a Director and person discharging managerial responsibilities ("PDMR").

Details of the grants made are set out below:

 
 Option Holder    Number of Ordinary   Exercise Price   Vesting date 
                   Shares subject to    per Ordinary 
                       an Option            Share 
 Steve Crowe          1,000,000           GBP0.375      28 July 2026 
                       500,000            GBP0.375      28 July 2027 
 Total                1,500,000 
 Sam Copeman           333,333            GBP0.375      28 July 2026 
                       666,666            GBP0.375      28 July 2027 
 Total                 999,999 
 

The Board has set challenging financial performance criteria for the Options to vest, focused on creating stakeholder value and consistent with the long-term ambition and strategy of the Group. Exercise of the Options is also conditional on the Option Holder remaining an employee on the Exercise Date.

For further information please contact:

 
 Angling Direct plc                       via FTI Consulting 
 Andy Torrance, Non-executive Chairman 
 Singer Capital Markets - NOMAD 
  and Broker                              +44 (0) 20 7496 3000 
 Peter Steel 
  Alex Bond 
  Tom Salvesen 
  James Fischer 
 FTI Consulting - Financial PR            +44 (0) 20 3727 1000 
 Alex Beagley                             anglingdirect@fticonsulting.com 
  Sam Macpherson 
 

About Angling Direct

Angling Direct is the leading omni-channel specialist fishing tackle retailer in the UK. The Company sells fishing tackle products and related equipment through its network of retail stores, located strategically throughout the UK as well as through its leading digital platform ( www.anglingdirect.co.uk .de, .fr, .nl and .eu) and other third-party websites.

Angling Direct is committed to supporting its active customer base and widening access to the angling community through its passionate colleagues, store-based qualified coaches, social media reach and ADTV YouTube channel. The Company currently sells over 28,000 fishing tackle products, including capital items, consumables, luggage and clothing. Angling Direct also owns and sells fishing tackle products under its own brand 'Advanta', which was formally launched in March 2016.

From 1986 to 2002, the Company's founders acquired interests in a number of small independent fishing tackle shops in Norfolk and, in 2002, they acquired a significant premise in Norwich, which was branded Angling Direct. Since 2002, the Company has continued to acquire or open new stores, taking the total number up to 47 retail stores. In 2015, the Company opened a 2,800 sq. metres central distribution centre in Rackheath, Norfolk, where the Company's head office is also located. In January 2022 Angling Direct acquired an additional 3,900 sq. metres distribution centre in Venlo, Netherlands to service its established, and rapidly growing, presence in Europe with native language websites set up in key regions to address demand.

Notification and public disclosure of transactions by PDMRs and persons closely associated with them

 
  1    Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                         Steven Crowe 
      ---------------------------  ------------------------------------------- 
  2    Reason for the notification 
      ------------------------------------------------------------------------ 
 a)    Position/status              Chief Executive Officer 
      ---------------------------  ------------------------------------------- 
 b)    Initial notification         Initial Notification 
        /Amendment 
      ---------------------------  ------------------------------------------- 
  3    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------ 
 a)    Name                         Angling Direct plc 
      ---------------------------  ------------------------------------------- 
 b)    LEI                          213800MZ7P7HZIRI7H93 
      ---------------------------  ------------------------------------------- 
  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           Options over Ordinary shares of 1 penny 
        financial instrument,        each 
        type of instrument 
 
        Identification code          GB00BF1XGQ00 
      ---------------------------  ------------------------------------------- 
 b)    Nature of the transaction    Grant of options over Ordinary Shares 
      ---------------------------  ------------------------------------------- 
 c)    Price(s) and volume(s)                 Price                 Volume 
                                   --------------------------  --------------- 
        (a) Exercise price 
         of GBP0.375                                                 1,000,000 
  -----------------------------------------------------------  --------------- 
        (b) Exercise price 
         of GBP0.375                                                  500,000 
  -----------------------------------------------------------  --------------- 
 d)    Aggregated information       N/A 
 
        - Aggregated volume 
 
        - Price 
      ---------------------------  ------------------------------------------- 
 e)    Date of the transaction      28 July 2023 
      ---------------------------  ------------------------------------------- 
 f)    Place of the transaction     Outside a trading venue 
      ---------------------------  ------------------------------------------- 
 
 
  1    Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                         Sam Copeman 
      ---------------------------  ------------------------------------------- 
  2    Reason for the notification 
      ------------------------------------------------------------------------ 
 a)    Position/status              Chief Financial Officer 
      ---------------------------  ------------------------------------------- 
 b)    Initial notification         Initial Notification 
        /Amendment 
      ---------------------------  ------------------------------------------- 
  3    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------ 
 a)    Name                         Angling Direct plc 
      ---------------------------  ------------------------------------------- 
 b)    LEI                          213800MZ7P7HZIRI7H93 
      ---------------------------  ------------------------------------------- 
  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           Options over Ordinary shares of 1 penny 
        financial instrument,        each 
        type of instrument 
 
        Identification code          GB00BF1XGQ00 
      ---------------------------  ------------------------------------------- 
 b)    Nature of the transaction    Grant of options over Ordinary Shares 
      ---------------------------  ------------------------------------------- 
 c)    Price(s) and volume(s)                 Price                 Volume 
                                   ---------------------------  -------------- 
        (a) Exercise price 
         of GBP0.375                                                  333,333 
  ------------------------------------------------------------  -------------- 
        (b) Exercise price 
         of GBP0.375                                                  666,666 
  ------------------------------------------------------------  -------------- 
 d)    Aggregated information       N/A 
 
        - Aggregated volume 
 
        - Price 
      ---------------------------  ------------------------------------------- 
 e)    Date of the transaction      28 July 2023 
      ---------------------------  ------------------------------------------- 
 f)    Place of the transaction     Outside a trading venue 
      ---------------------------  ------------------------------------------- 
 

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END

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