Grant of Options

RNS Number : 7929S

Distil PLC

29 September 2014

 

29 September 2014

Distil PLC

("Distil or the "Company")

Grant of Options

The Board of Distil plc (AIM: DIS), owner of premium drinks brands including Blavod Black Vodka, Blackwood's Gin and Vodka and RedLeg Spiced Rum, has today made the following grant of options to directors :

.

Director	Position	Number of Options granted	Total Options held following the grant	Number of Ordinary Shares held	Shares held as a % of Current Issued Share Capital
Sarah Bertolotti	Finance Director	2,000,000	2,000,000	1,124,667	0.31
Mark Quinn	Non Executive Director	1,000,000	1,000,000	3,500,000	1.14

These Options over ordinary shares of 0.1p each have an exercise price of 0.85 pence per share. In aggregate, the 3,000,000 Options granted to the Directors represent approximately 0.83 per cent of the current issued share capital of the Company.

A further 2,500,000 Options, also at the exercise price of 0.85 pence per share, were awarded to employees.

50 per cent. of the above options vest upon the publication of the Annual Report and Accounts for the year ending 31 March 2015, with the balance vesting upon the publication of the Annual Report and Accounts for the year ending 31 March 2016.

In addition, a warrant has been granted to SI Capital, the Company's broker, to subscribe for 1,700,000 ordinary shares at an exercise price of 3p.

Following the grant of the Options and warrants as above, the total number of ordinary shares outstanding under Option and warrant arrangements will be 7,200,000 ordinary shares representing 1.98 per cent of the Company's issued share capital.

For further information please contact:

Distil plc
Don Goulding Executive Chairman	Tel: [phone]
SPARK Advisory Partners Limited (NOMAD)
Neil Baldwin  Mark Brady	Tel [phone] /2268
SI Capital (Broker)
Andy Thacker Nick Emerson	Tel [phone]
Cadogan PR
Alex Walters	Tel: [phone]

About Distil

Distil plc (formerly Blavod Wines & Spirits) is quoted on the AIM market of the London Stock Exchange. It owns drinks brands in a number of sectors of the alcoholic drinks market. These include premium Vodka, premium Gin, Vodka Vanilla Cream Liqueur and Spiced Rum and are called Blavod Original Black Vodka, Blackwoods Vintage Gin, Blackwoods Vodka, Diva Vodka, Jago's Cream liqueur and RedLeg Spiced Rum.

www.distilplc.com

 

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