Grant of share options

RNS Number : 8944E

Nightcap PLC

16 March 2022

 

16 March 2022

Nightcap plc

("Nightcap" or the "Company" or the "Group")

Grant of share options

Nightcap (AIM: NGHT), the owner of The Cocktail Club, the Adventure Bar Group and the Barrio Familia group of bars, announces that it has today granted a total of 3,864,407 share options to a number of the Group's employees (the "Options"). These Options have been granted pursuant to Nightcap's Share Option Plan, under the Company Share Option Plan ("CSOP") and also as unapproved options, with all Options having been granted on the same terms.

677,966 Options have been granted to Dawn Donohoe, who has broadened her Managing Director role by assuming overall responsibility for management of The Cocktail Club and Barrio Familia brands. 542,373 Options have been granted to Jim Robertson, Managing Director of Barrio Familia Group. Dawn Donohoe and Jim Robertson are both persons discharging managerial responsibilities ("PDMRs"). The other 2,644,068 Options have been granted to Group employees.

All of the Options have been granted with an exercise price of 14.75 pence, representing the closing mid-market share price on 15 March 2022. The Options will become exercisable from the third anniversary of the grants until the tenth anniversary of the date of the grants, but will only be exercisable when and if the Company was profitable in the prior accounting year (for these purposes, "profitable" means taking the Company's reported consolidated profit before tax for the relevant prior accounting year and adding back interest, depreciation and amortisation, exceptional items and non-recurring costs).

Following today's Option grants, Nightcap's entire option pool is now equivalent to 12.77% of the Company's issued ordinary share capital.

The FCA notification, made in accordance with the requirements of the UK Market Abuse Regulation is appended further below.

For further enquiries:

Nightcap plc Sarah Willingham / Toby Rolph / Gareth Edwards	[e-mail]
Allenby Capital Limited (Nominated Adviser and Broker) Nick Naylor / Alex Brearley / Piers Shimwell (Corporate Finance) Matt Butlin / Amrit Nahal / Tony Quirke (Sales and Corporate Broking)	[phone] www.allenbycapital.com
Bright Star Digital (PR) Pam Lyddon	https://www.brightstardigital.co.uk/ [phone] [e-mail]

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	Dawn Donohoe
2.	Reason for the Notification
a)	Position/status	Managing Director, The Cocktail Club
b)	Initial notification/Amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Nightcap plc
b)	LEI	213800MVK2M2T12TZA46
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	Grant of options over ordinary shares of 1p each
	Identification code	ISIN: GB00BLKGVD49
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise price of 14.75 pence per share 677,966 options
d)	Aggregated information: - Aggregated volume - Price	n/a
e)	Date of the transaction	16 March 2022
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jim Robertson
2.	Reason for the Notification
a)	Position/status	Managing Director, Barrio Familia Group
b)	Initial notification/Amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Nightcap plc
b)	LEI	213800MVK2M2T12TZA46
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	Grant of options over ordinary shares of 1p each
	Identification code	ISIN: GB00BLKGVD49
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise price of 14.75 pence per share 542,373 options
d)	Aggregated information: - Aggregated volume - Price	n/a
e)	Date of the transaction	16 March 2022
f)	Place of the transaction	Outside a trading venue

 

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