Nightcap PLC Grant of share options (4610E)
June 30 2023 - 1:00AM
UK Regulatory
TIDMNGHT
RNS Number : 4610E
Nightcap PLC
30 June 2023
30 June 2023
Nightcap plc
("Nightcap" or the "Company" or the "Group")
Grant of share options
Nightcap (AIM: NGHT), the operator of The Cocktail Club, the
Adventure Bar Group, Barrio Familia and the Dirty Martini group of
bars, announces that it has granted a total of 1,160,000 share
options to a number of the Group's employees (the "Options"). The
Options have been granted pursuant to Nightcap's existing share
option plans, and include grants under the Company Share Option
Plan ("CSOP") and the grant of unapproved options. All of the
Options have been granted on the same terms.
1,000,000 Options have been granted to Adam Dilks who is a
person discharging managerial responsibilities ("PDMR"). The other
160,000 Options have been granted to Group employees.
All of the Options have been granted with an exercise price of
11.00 pence, which represents the closing mid-market share price on
29 June 2023. The Options will become exercisable from the third
anniversary of the grants until the tenth anniversary of the date
of the grant, but will only be exercisable subject to the Group
achieving EBITDA profitability targets based on the audited
accounts in the prior accounting year at the time of exercise.
Following these Option grants, Nightcap's entire option pool is
now equivalent to 11.3% of the Company's issued ordinary share
capital.
The FCA notification, made in accordance with the requirements
of the UK Market Abuse Regulation is appended further below.
For further enquiries:
Nightcap plc
Sarah Willingham / Toby Rolph / Gareth email@nightcapplc.com
Edwards
Allenby Capital Limited (Nominated +44 (0) 20 3328 5656
Adviser and Broker) www.allenbycapital.com
Nick Naylor / Alex Brearley / Piers
Shimwell (Corporate Finance)
Jos Pinnington / Amrit Nahal / Tony
Quirke (Sales and Corporate Broking)
Bright Star Digital (PR) https://www.brightstardigital.co.uk/
Pam Lyddon +44 (0) 7534 500 829
pamlyddon@brightstardigital.co.uk
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Adam Dilks
-------------------------------- ---------------------------------
2. Reason for the Notification
-------------------------------------------------------------------
a) Position/status Group People Director (non Board
senior manager)
-------------------------------- ---------------------------------
b) Initial notification/Amendment Initial Notification
-------------------------------- ---------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Nightcap plc
-------------------------------- ---------------------------------
b) LEI 213800MVK2M2T12TZA46
-------------------------------- ---------------------------------
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 Grant of options over ordinary
of the Financial shares of 1p each
instrument,
type of instrument
Identification ISIN: GB00BLKGVD49
code
-------------------------------- ---------------------------------
b) Nature of the Grant of options
transaction
-------------------------------- ---------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Exercise 1,000,000
price of options
11.00 pence
per share
----------
-------------------------------- ---------------------------------
d) Aggregated n/a
information:
* Aggregated volume
* Price
-------------------------------- ---------------------------------
e) Date of the 29 June 2023
transaction
-------------------------------- ---------------------------------
f) Place of the Outside a trading venue
transaction
-------------------------------- ---------------------------------
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END
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