Arena Events Group PLC Grant of Options under Share Option Plan (8221M)
September 18 2019 - 5:41AM
UK Regulatory
TIDMARE
RNS Number : 8221M
Arena Events Group PLC
18 September 2019
18 September 2019
ARENA EVENTS GROUP PLC
(the "Company")
Grant of Options under Share Option Plan
Arena Events Group plc (AIM: ARE), announces that share options
to acquire ordinary shares of 1 penny each in the Company ("Share
Options") have been granted to incoming CFO, Steve Trowbridge,
under the Company's existing Share Option Plan put in place at the
time of the IPO in 2017 (the "Plan").
Steve will be issued 2,162,162 Share Options at an exercise
price of 18.5p, vesting 720,721 on the third anniversary of grant,
720,721 on the fourth anniversary and 720,720 on the fifth
anniversary.
The Awards shall vest only to the extent that the conditions set
by the Remuneration Committee are satisfied and subject to the
Rules of the Plan.
Enquires:
Arena Events Group plc
Greg Lawless (CEO)
Piers Wilson (CFO)
Cenkos Securities (Nomad and +44(0)203 770 3838
Broker) +44(0)207 397 8900
Max Hartley (Corporate Finance)
Julian Morse (Sales)
Alma PR (Financial PR) +44(0)203 405 0205
Josh Royston, John Coles, Helena Bogle
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Steve Towbridge
--------------------------- --------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Incoming Group CFO
--------------------------- --------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------- --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Area Events Group plc
--------------------------- --------------------------------------
b) LEI 213800Z94NF6F4C9AD43
--------------------------- --------------------------------------
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
financial instrument, pence each
type of instrument
Identification code GB00BF0HYJ24
--------------------------- --------------------------------------
b) Nature of the transaction Grant of options to purchase ordinary
shares of 1p each under the Arena
Group Employee Share Options Scheme
--------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
18.5 pence 2,162,162
----------
--------------------------- --------------------------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
--------------------------- --------------------------------------
e) Date of the transaction 17 September 2019
--------------------------- --------------------------------------
f) Place of the transaction Outside of a trading venue
--------------------------- --------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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