Revolution Bars Group CORRECTION: Issue of share options (7647O)
November 09 2016 - 7:20AM
UK Regulatory
TIDMRBG
RNS Number : 7647O
Revolution Bars Group
09 November 2016
Revolution Bars Group plc (LSE: RBG)
(the "Company")
CORRECTION: Issue of share options
The following replaces the "Issue of share options" announcement
4284O released at 17:02 on 4 November 2016. The correction relates
to the "Total Number of Ordinary Shares under Option" and "% of
issued share capital represented by Options now held". All other
information remains unchanged.
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 New Options Total Number % of issued
Personnel granted of Ordinary share capital
Shares under represented
Option by Options
now held
------------------ ------------ -------------- ---------------
Chris Chambers 410,000 410,000 0.82
------------------ ------------ -------------- ---------------
Jimmy Del
Giudice 75,000 450,000 0.90
------------------ ------------ -------------- ---------------
Myles Doran 75,000 150,000 0.30
------------------ ------------ -------------- ---------------
Godfrey
Russell 75,000 225,000 0.45
------------------ ------------ -------------- ---------------
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 52,650,000, of which the total number of Ordinary Shares over
which options currently issued and outstanding represent 5%.
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
END
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