Sosandar PLC Grant of options / PDMR dealing (3246R)
February 27 2019 - 9:26AM
UK Regulatory
TIDMSOS
RNS Number : 3246R
Sosandar PLC
27 February 2019
Sosandar plc
("Sosandar" or the "Company")
Grant of options / PDMR dealing
Sosandar PLC (AIM: SOS), the online women's fashion brand,
announces that on 25 February 2019, the Board granted 837,626
options over ordinary shares of 0.1 pence each in the Company
("Options") under the [Company's share option plan].
543,813 of the Options have been granted to certain members of
senior management and 293,813 Options have been granted to James
Bowling, the Company's Head of Finance and a PDMR.
50% of the Options granted will vest upon the Company achieving
GBP5 million revenue in a 12 month period and 50% upon the Company
becoming cash flow positive. The Options have been granted with an
exercise price of 29.2p per share and can be excersible if vested
for a 10 year period from the date of the grant.
Following the grant of Options, the Company has a total of
20,650,000 options over ordinary shares of 0.1 each in the Company
outstanding representing approximately 17.8% of the existing issued
share capital of the Company.
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail on the
grant of Options to James Bowling:
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name James Bowling
---------------------------- -------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Head of Finance
---------------------------- -------------------------------------
b) Initial notification Initial Notification
/Amendment
---------------------------- -------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Sosandar plc
---------------------------- -------------------------------------
b) LEI 2138004313MO7RXAVA37
---------------------------- -------------------------------------
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 0.1
financial instrument, pence each in the Company
type of instrument
GB00BDGS8G04
Identification code
---------------------------- -------------------------------------
b) Nature of the transaction Grant of Options
---------------------------- -------------------------------------
c) Price(s) and volume(s) Exercise price Volume(s)
of Options
29.2 pence 293,813 Options
----------------
---------------------------- -------------------------------------
d) Aggregated information
- Aggregated volume N/A - Single transaction
- Price
---------------------------- -------------------------------------
e) Date of the transaction 25 February 2019
---------------------------- -------------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
---------------------------- -------------------------------------
Enquiries
Sosandar plc www.sosandar.com
Julie Lavington / Ali Hall, Joint c/o Alma PR
CEOs
Shore Capital
Patrick Castle / Mark Percy / James
Thomas +44 (0) 20 7408 4090
Alma PR Limited (Financial PR) +44 (0) 208 004 4217
Rebecca Sanders-Hewett / Josh Royston sosandar@almapr.co.uk
/ Susie Hudson / Sam Modlin
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Authority to act as a Primary Information Provider in the United
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contact rns@lseg.com or visit www.rns.com.
END
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