TIDMRBG

RNS Number : 7913K

Revolution Bars Group

12 April 2018

Revolution Bars Group plc

("Revolution" or the "Company")

Grant of awards under the Revolution Bars Group Plc Performance Share Plan (the "Plan) and under Revolution Bars Group Plc Share Scheme (the "Scheme")

The Company announces that on 12 April 2018, it granted options under the Plan with an exercise price of GBP0.001 per share over, in aggregate, 370,000 ordinary shares of GBP0.001 each in the Company ("Ordinary Shares") (the "PSP Options") to Simon Dobson, Andrew Dyson and Clinton Ghent (the "Option Holders").

The Company also granted options to the Simon Dobson over 20,689 Ordinary Shares under the terms of the Scheme (the "CSOP Options"). The CSOP Options were granted with an exercise price of GBP1.45 per share.

The PSP Options and CSOP Options shall vest and become exercisable on the date the Remuneration Committee determines that the performance targets set out in the deed of grant (the "Performance Conditions") have been met, and no later than 30 September 2020 (the "Vesting Date").

Subject to the Performance Conditions being met, the PSP Options will be exercisable by the Option Holders within three years from the Vesting Date; and the CSOP Options will be exercisable by the Simon Dobson within seven years from the Vesting Date.

 
 Name            Position         Scheme    Description      Price       Volume 
--------------  ---------------  --------  ---------------  ----------  -------- 
 
                                            Award of 
                                             options over 
                                             Ord shares 
 Simon Dobson    Food Director    PSP        of GBP0.001     GBP0.001    150,000 
--------------  ---------------  --------  ---------------  ----------  -------- 
 Simon Dobson    Food Director    CSOP      As above         GBP1.45     20,689 
--------------  ---------------  --------  ---------------  ----------  -------- 
 
 Clinton 
  Ghent          Brand Manager    PSP       As above         GBP0.001    110,000 
--------------  ---------------  --------  ---------------  ----------  -------- 
                 Regional 
                  Operations 
 Andrew Dyson     Manager         PSP       As above         GBP0.001    110,000 
--------------  ---------------  --------  ---------------  ----------  --------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 12, 2018 12:48 ET (16:48 GMT)

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