Grant of Share Options
No summary for this filing – the full text is below.
Select text to share a quote on X · sign in to keep highlights & notes in your REVB notes
Revolution Beauty Group plc (AIM: REVB), announces that on 19 February 2024, the Group granted Neil Catto, Chief Financial Officer, options over 3,000,000 ordinary shares of £0.01 each in the Company (the "Options", "Ordinary Shares") under the terms of the Company's Long Term Incentive Plan ("LTIP").
The Options have an exercise price of £0.27 per Ordinary Share and are not subject to performance conditions other than continued employment by the Group. 750,000 of the Ordinary Shares under option vest immediately, with further tranches of 750,000 Ordinary Shares vesting annually thereafter. Once vested, each tranche of Ordinary Shares has a 12-month holding period before those Ordinary Shares can be disposed of.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Neil Catto |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Financial Officer |
| b) | Initial notification /Amendment | Initial Notification |
| a) | Name | Revolution Beauty Group plc |
| b) | LEI | 21380083TTJWXK677H17 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of £0.01 each in the capital of the Company ISIN: GB00BP7L1T61 |
| b) | Nature of the transaction | Grant of options under the Revolution Beauty Long Term Incentive Plan |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Exercise price £0.27 3,000,000 |
| d) | Aggregated information Aggregated volume Price | Single transaction as in 4 c) above |
| e) | Date of the transaction | 19 February 2024 |
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.