Grant of SAYE Options and PDMR Transaction

RNS Number : 9028E

Hotel Chocolat Group PLC

11 November 2020

 

11 November 2020

Hotel Chocolat Group plc

(" Hotel Chocolat ", the "Company" or the "Group")

Grant of SAYE Options and PDMR Transaction

Hotel Chocolat announces that on 10 November 2020, under its Save As You Earn ("SAYE") Plan, the Company granted options over 631,246 ordinary shares of 0.1p in the Company ("Ordinary Shares") with an exercise price of £2.78 per Ordinary Share (the "Options").

The SAYE Plan allows all employees of the Group to make regular monthly contributions up to an agreed maximum, for a three-year period, after which time employees generally have a six month period in which to utilise the lump sum to purchase Ordinary Shares in the Group, at a pre-agreed price. The Options granted represent a c.85% increase in terms of the total monthly savings compared to the award last year.

Included in the Options granted were 3,884 Options granted to Matt Pritchard (Chief Financial Officer), a Director and PDMR of the Company.

For further information:

Hotel Chocolat Group plc	c/o Citigate	+ 44 (0) 20 7638 9571
Angus Thirlwell, Co-founder and Chief Executive Officer
Peter Harris, Co-founder and Development Director
Matt Pritchard, Chief Financial Officer

Liberum Capital Limited - Nominated Advisor and Broker	+ 44 (0) 20 3100 2222
Clayton Bush
James Greenwood

Citigate Dewe Rogerson - Financial PR	+ 44 (0) 20 7638 9571
Angharad Couch
Ellen Wilton
Kieran Farthing

Notes to Editors:

Hotel Chocolat is a premium British chocolatier with a strong and distinctive brand. The business was founded in 1993 by Angus Thirlwell and Peter Harris and has traded under the Hotel Chocolat brand since 2003. The Group sells its products online and through a network of 130 locations in the UK and abroad. The Group has one restaurant in the UK and a cocoa estate and hotel in Saint Lucia. The Group was admitted to trading on AIM in 2016.  

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	Matthew Robert Phillip Pritchard
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	Hotel  Chocolat Group plc
b)	LEI	213800B4D3J15PZHVY29
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	Hotel Chocolat Group plc ordinary shares of 0.1p each
	Identification code	ISIN: GB00BY23CB04
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)
				Price(s)	Volume(s)
				£2.78	3,884
d)	Aggregated information	n/a (single transaction)
	- Aggregated volume
	- Price
e)	Date of the transaction	10 November 2020
f)	Place of the transaction	Outside a trading venue

 

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