Footasylum PLC Director/PDMR Shareholding (1988S)
June 21 2018 - 10:55AM
UK Regulatory
TIDMFOOT
RNS Number : 1988S
Footasylum PLC
21 June 2018
Footasylum plc
("Footasylum" or the "Company")
Grant of special LTIP award to Executive Chairman
21 June 2018: Footasylum, the UK-based fashion retailer
focussing on branded footwear and apparel, announces that, on 21
June 2018, in line with the intention set out in the Company's
Admission Document dated 2 November 2017, the Remuneration
Committee of the Company's Board granted a one-off award to Barry
Bown under the Footasylum plc Long Term Incentive Plan ("LTIP")
following his appointment as Executive Chairman (the "Special
Award").
The Special Award is structured as an option to acquire
2,531,645 ordinary shares of GBP0.001 each in the Company
("Ordinary Shares") at a price of GBP0.001 per Ordinary Share. It
has a market value of GBP2.0 million, calculated by reference to
the mid-market closing price of an Ordinary Share on 20 June 2018,
the business day prior to the grant. The Special Award will vest on
21 June 2021 and is subject to Barry Bown's ongoing employment with
the Company. The Special Award has a post vesting holding period of
two years.
The Company's Admission Document can be found at
http://investors.footasylum.com/
For further information, please contact:
Footasylum Tel: +44 (0) 1706
Nancy Kelsall (Company Secretary) 746 777
GCA Altium Limited (Financial Adviser & Tel: +44 (0) 20
Nominated Adviser) 7484 4040
Phil Adams
Sam Fuller
Liberum Capital Limited (Broker) Tel: +44 (0) 20
John Fishley 3100 2222
Jill Li
Powerscourt (Financial Public Relations) Tel: +44 (0) 20 7250 1446
Rob Greening
Lisa Kavanagh
Isabelle Saber
About Footasylum
Footasylum is a UK-based fashion retailer focusing on the
branded footwear and apparel markets. The Company retails
"on-trend" product ranges which are predominantly aimed at 16 to
24-year-old fashion-conscious consumers and are sourced from an
extensive stable of third-party and own brands. These include
well-known sports and casual footwear and apparel brands, as well
as up-and-coming brands and own label products.
Examples of third-party brands include: adidas; Nike; The North
Face; Gym King; Converse; New Balance; EA7; Vans; Nicce London;
Under Armour; Tommy Hilfiger; and Calvin Klein. Examples of
Footasylum's own brands include: Kings Will Dream and Alessandro
Zavetti.
The Company operates a multi-channel model which combines a
65-strong store estate - in a variety of high street, mall and
retail park locations in cities and towns throughout Great Britain
- with a fast-growing online platform and a recently launched
wholesale arm for distributing its own brand ranges via a network
of partners.
Footasylum was founded in 2005 and the Company's ordinary shares
were admitted to trading on AIM in November 2017.
The Company publicly discloses the following PDMR notification
pursuant to the Market Abuse Regulation (EU) No. 596/2014.
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Barry Bown
----------------------------------------- -------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------------
a) Position/status: Executive Chairman
----------------------------------------- -------------------------------------------
b) Initial notification/Amendment: Initial Notification
----------------------------------------- -------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------------
a) Name: Footasylum plc
----------------------------------------- -------------------------------------------
b) LEI: 2138001JV9DY7H8RWE60
----------------------------------------- -------------------------------------------
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, Ordinary Shares
type of instrument: GB00BYPHD607
Identification code:
----------------------------------------- -------------------------------------------
b) Nature of the transaction: Grant of an award structured
as an option to acquire
Ordinary Shares.
----------------------------------------- -------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
pence
GBP0.001 2,531,645
----------
----------------------------------------- -------------------------------------------
d) Aggregated information: Transactions as set out
Aggregated volume: in 4 c) above Aggregated Aggregated
Price: Price Volume(s)
GBP2,531.645 2,531,645
-----------
----------------------------------------- -------------------------------------------
e) Date of the transaction: 21 June 2018.
----------------------------------------- -------------------------------------------
f) Place of the transaction: Outside a trading venue.
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END
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