06 December 2024
The Revel Collective
plc
("Revel Collective" or
the "Company")
Exercise of Share Options,
Director/PDMR Shareholding, Issue of Equity and
TVR
The Revel Collective plc (AIM:
TRC) announces that various holders of Restricted Share Awards
granted between 2020 and 2023 under the Performance Share Plan
("PSP") (which since
amendment in December 2020 has been operated as a Restricted Share
Award ("RSA") scheme) have
exercised their awards in respect of an aggregate of
4,089,544 new ordinary shares of £0.001 each in the Company
("Ordinary Shares"), at the
exercise price of £0.001 per Ordinary Share. Certain Directors and
PDMR's have also opted to exercise awards and details of these are
included below. The Company has therefore made application for
4,089,544 new Ordinary Shares to be admitted to trading on
AIM, with admission of the new Ordinary Shares expected on 10
December 2024 ("Admission").
Director/PDMR Dealings:
|
Name
|
Position
|
2020 Award
|
2021 Award
|
Total no of New Ordinary
Shares*
|
|
Rob Pitcher
|
CEO
|
475,759
|
1,519.149
|
1,994,908
|
|
Danielle Davies
|
CFO
|
244,676
|
781,277
|
1,025,953
|
|
Andrew Dyson
|
Property Director
|
56,819
|
183,728
|
240,547
|
|
Beth Anderson
|
People Director
|
56,819
|
183,728
|
240,547
|
|
Fiona Hall
|
Commercial Director
|
30,585
|
183,728
|
214,313
|
*Gross number, prior to selling a sufficient number of
Ordinary Shares to cover nominal option cost, tax and national
insurance costs where applicable).
Where such holders have sold a
sufficient number of the resulting new Ordinary Shares to cover
their liability in respect of nominal cost
of options, income tax and national insurance contributions
(arising from the exercise) and dealing costs in respect of the new
Ordinary Shares sold, such sales having been organised via
Cavendish Capital Markets Limited ("Cavendish"). The net remaining
new Ordinary Shares have been retained by each of the holders and,
in the case of Rob Pitcher and Danielle Davies, are required to be
retained until at least 24 December 2025 in respect of the awards
granted on 24 December 2020 and until at least 23 November 2026 in
respect of the awards granted on 23 November 2021.
Following these transactions, Directors and PDMRs retain the
following interests in the Company
|
Name
|
Position
|
Residual holdings
|
% holding
|
|
Rob Pitcher
|
CEO
|
10,201,410
|
0.679
|
|
Danielle Davies
|
CFO
|
1,916,722
|
0.127
|
|
Andrew Dyson
|
Property Director
|
138,894
|
0.009
|
|
Beth Anderson
|
People Director
|
240,547
|
0.016
|
|
Fiona Hall
|
Commercial Director
|
214.313
|
0.016
|
Application for Admission
Application has been made for the
aggregate 4,089,544 new Ordinary Shares to be admitted to trading
on AIM and it is expected that Admission will become effective
at 8.00 am on 10 December
2024. Sales of the New Ordinary Shares as
referred to above are conditional on Admission.
Total Voting Rights
With effect from Admission, the
Company will have in issue
1,501,906,769 Ordinary Shares and each Ordinary
Share entitles the holder to a single vote at general meetings of
the Company. The Company does not hold any Ordinary Shares in
treasury. The figure of 1,501,906,769 may be used by shareholders
of the Company as the denominator for the calculation by which they
determine if they are required to notify their interest in, or
change to their interest in, the Company under the FCA's Disclosure
Guidance and Transparency Rules.
Enquiries:
|
The
Revel Collective plc
|
Tel: 0161 330 3876
|
|
Rob Pitcher, CEO
Danielle Davies, CFO
|
|
|
Cavendish Capital Markets, Nominated Adviser &
Broker
|
Tel: 020 7220 0500
|
|
Matt Goode / Teddy Whiley / Hamish
Waller (Corporate Finance)
Tim Redfern / Harriet Ward
(ECM)
|
|
|
Instinctif (Financial PR)
|
Tel: 07831 379122
|
|
Matt Smallwood
Justine Warren
|
|
The person responsible for arranging release of this
announcement on behalf of Revolution Bars Group plc is Danielle
Davies, Chief Financial Officer & Company
Secretary.
The following information relating
to the transactions by each of the Directors and PDMRs has been
filed with the Financial Conduct Authority in accordance with
Article 19(1) of UK MAR.
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
|
Rob Pitcher
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief Executive Officer
|
|
b)
|
Initial notification
/Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
The Revel Collective plc
|
|
b)
|
LEI
|
213800QG159LSTF5IH69
|
|
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, type of instrument
Identification code
|
Ordinary Shares of
£0.001
GB00BVDPPV41
|
|
b)
|
Nature of the transaction
|
A. Exercise of awards/options
under Performance Share Plan (Restricted Share Award scheme) over
Ordinary Shares
B. Sale of
Ordinary Shares to
settle liability for nominal option price,
income tax and national insurance contributions (arising from the
exercise) and dealing costs of the sale
|
|
c)
|
Price(s) and volume(s)
|
|
|
Price
|
No. of shares
|
|
A.
|
£0.001 per share
|
1,994,908
|
|
B.
|
£0.005 per share
|
1,293,498
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
As per section c above
|
|
e)
|
Date of the transaction
|
5 December2024
|
|
f)
|
Place of the transaction
|
A. Off market
transaction
B. London Stock
Exchange
|
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Danielle Davies
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief Financial Officer
|
|
b)
|
Initial notification
/Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
The Revel Collective plc
|
|
b)
|
LEI
|
213800QG159LSTF5IH69
|
|
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, type of instrument
Identification code
|
Ordinary Shares of
£0.001
GB00BVDPPV41
|
|
b)
|
Nature of the transaction
|
A. Exercise of awards/options
under Performance Share Plan (Restricted Share Award scheme) over
Ordinary Shares
B. Sale of
Ordinary Shares to
settle liability for nominal option price,
income tax and national insurance contributions (arising from the
exercise) and dealing costs of the sale
|
|
c)
|
Price(s) and volume(s)
|
|
|
Price
|
No. of shares
|
|
A.
|
£0.001 per share
|
1,025,953
|
|
B.
|
£0.005 per share
|
665,224
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
As per section c above
|
|
e)
|
Date of the transaction
|
5 December 2024
|
|
f)
|
Place of the transaction
|
A. Off market
transaction
B. London Stock
Exchange
|
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Andrew Dyson
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Property Director
|
|
b)
|
Initial notification
/Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
The Revel Collective plc
|
|
b)
|
LEI
|
213800QG159LSTF5IH69
|
|
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, type of instrument
Identification code
|
Ordinary Shares of
£0.001
GB00BVDPPV41
|
|
b)
|
Nature of the transaction
|
A. Exercise of awards/options
under Performance Share Plan (Restricted Share Award scheme) over
Ordinary Shares
B. Sale of
ordinary shares of £0.001 to settle liability for nominal
option price, income tax and national insurance contributions
(arising from the exercise) and dealing costs of the
sale
|
|
c)
|
Price(s) and volume(s)
|
|
|
Price
|
No. of shares
|
|
A.
|
£0.001 per share
|
240,547
|
|
B.
|
£0.005 per share
|
155,864
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
As per section c above
|
|
e)
|
Date of the transaction
|
5 December 2024
|
|
f)
|
Place of the transaction
|
A. Off market
transaction
B. London Stock
Exchange
|
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Fiona Hall
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Commercial Director
|
|
b)
|
Initial notification
/Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
The Revel Collective plc
|
|
b)
|
LEI
|
213800QG159LSTF5IH69
|
|
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, type of instrument
Identification code
|
Ordinary Shares of
£0.001
GB00BVDPPV41
|
|
b)
|
Nature of the transaction
|
A. Exercise of awards/options
under Performance Share Plan (Restricted Share Award scheme) over
Ordinary Shares
|
|
c)
|
Price(s) and volume(s)
|
|
|
Price
|
No. of shares
|
|
A.
|
£0.001 per share
|
214,313
|
|
|
|
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
As per section c above
|
|
e)
|
Date of the transaction
|
5 December2024
|
|
f)
|
Place of the transaction
|
A. Off market
transaction
|
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Beth Anderson
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
People Director
|
|
b)
|
Initial notification
/Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
The Revel Collective plc
|
|
b)
|
LEI
|
213800QG159LSTF5IH69
|
|
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, type of instrument
Identification code
|
Ordinary Shares of
£0.001
GB00BVDPPV41
|
|
b)
|
Nature of the transaction
|
A. Exercise of awards/options
under Performance Share Plan (Restricted Share Award scheme) over
Ordinary Shares
|
|
c)
|
Price(s) and volume(s)
|
|
|
Price
|
No. of shares
|
|
A.
|
£0.001 per share
|
240,547
|
|
|
|
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
As per section c above
|
|
e)
|
Date of the transaction
|
5 December 2024
|
|
f)
|
Place of the transaction
|
A. Off market
transaction
|
