Grant of share options

Nightcap PLC

30 June 2023

 

30 June 2023

Nightcap plc

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

Grant of share options

Nightcap (AIM: NGHT), the operator of The Cocktail Club, the Adventure Bar Group, Barrio Familia and the Dirty Martini group of bars, announces that it has granted a total of 1,160,000 share options to a number of the Group's employees (the "Options"). The Options have been granted pursuant to Nightcap's existing share option plans, and include grants under the Company Share Option Plan ("CSOP") and the grant of unapproved options.  All of the Options have been granted on the same terms.

1,000,000 Options have been granted to Adam Dilks who is a person discharging managerial responsibilities ("PDMR"). The other 160,000 Options have been granted to Group employees.

All of the Options have been granted with an exercise price of 11.00 pence, which represents the closing mid-market share price on 29 June 2023. The Options will become exercisable from the third anniversary of the grants until the tenth anniversary of the date of the grant, but will only be exercisable subject to the Group achieving EBITDA profitability targets based on the audited accounts in the prior accounting year at the time of exercise.

Following these Option grants, Nightcap's entire option pool is now equivalent to 11.3% 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) Jos Pinnington / 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	Adam Dilks
2.	Reason for the Notification
a)	Position/status	Group People Director (non Board senior manager)
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 11.00 pence per share 1,000,000 options
d)	Aggregated information: - Aggregated volume - Price	n/a
e)	Date of the transaction	29 June 2023
f)	Place of the transaction	Outside a trading venue

 

END