Share Option Plan, Grant of Options & PDMR Holding
21 May 2020
Warpaint London PLC
("Warpaint", the "Company" or the "Group")
Implementation of Company Share Option Plan, Initial Grant of Options and Director/PDMR Shareholding
Warpaint London plc (AIM: W7L), the specialist supplier of colour cosmetics and owner of the W7 and Technic brands, announces the implementation of the Warpaint London PLC Company Share Option Plan adopted by the Company on 20 May 2020 ("CSOP") and the grant of options ("Options") on 20 May 2020 over a total of 454,686 Ordinary Shares of 25p each in the Company ("Ordinary Shares") under the CSOP.
The CSOP has been established to incentivise employees to increase shareholder value over the long term.
Included within the 454,686 Options granted are the following to Sally Craig, General Counsel & Company Secretary and other PDMRs of the Company as part of their annual remuneration and incentivisation packages:
|
|
Position |
Number of options granted |
Total number of options held post grant |
Options and grant date |
|
|
Sally Craig |
General Counsel & Company Secretary |
10,000 |
20,000 |
10,000 (EMI) 10,000 (CSOP) |
29 June 2017 20 May 2020 |
|
Matthew Goldstein |
Managing Director Retra |
60,000 |
60,000 |
50,000 (CSOP) |
20 May 2020 |
|
Richard Eastwood |
Sales Representative |
21,053 |
195,604 |
21,053 (EMI) 153,498 (LTIP) 21,053 (CSOP) |
29 June 2017 21 September 2018 20 May 2020 |
|
Sandra Hewett |
Financial Controller |
21,053 |
42,106 |
21,053 (EMI) 21,053 (CSOP) |
29 June 2017 20 May 2020 |
The remaining 342,580 Options granted have been awarded to members of the Company's workforce. The Options are excercisable at 49.5 pence per Ordinary Share from 20 May 2023 to 20 May 2030.
Following these grants the total number of options in issue over Ordinary Shares is 4,542,988.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
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 |
Sally Craig |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
General Counsel & Company Secretary |
||||
|
b)
|
Initial notification /Amendment |
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Warpaint London PLC |
||||
|
b) |
LEI |
213800EBJ2CN6KIDCO78 |
||||
|
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 Identification code |
Ordinary shares of 25p
W7 ISIN: GB00BYMF3676
|
||||
|
b) |
Nature of the transaction |
Grant of Option |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
|
||||
|
e) |
Date of the transaction |
20 May 2020 |
||||
|
f) |
Place of the transaction |
Outside a Trading Venue |
||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Matthew Goldstein |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Managing Director Retra |
||||
|
b)
|
Initial notification /Amendment |
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Warpaint London PLC |
||||
|
b) |
LEI |
213800EBJ2CN6KIDCO78 |
||||
|
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 Identification code |
Ordinary shares of 25p
W7 ISIN: GB00BYMF3676
|
||||
|
b) |
Nature of the transaction |
Grant of Option |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
|
||||
|
e) |
Date of the transaction |
20 May 2020 |
||||
|
f) |
Place of the transaction |
Outside a Trading Venue |
||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Richard Eastwood |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Sales Representative |
||||
|
b)
|
Initial notification /Amendment |
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Warpaint London PLC |
||||
|
b) |
LEI |
213800EBJ2CN6KIDCO78 |
||||
|
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 Identification code |
Ordinary shares of 25p
W7 ISIN: GB00BYMF3676
|
||||
|
b) |
Nature of the transaction |
Grant of Option |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
|
||||
|
e) |
Date of the transaction |
20 May 2020 |
||||
|
f) |
Place of the transaction |
Outside a Trading Venue |
||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Sandra Hewett |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Financial Controller |
||||
|
b)
|
Initial notification /Amendment |
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Warpaint London PLC |
||||
|
b) |
LEI |
213800EBJ2CN6KIDCO78 |
||||
|
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 Identification code |
Ordinary shares of 25p
W7 ISIN: GB00BYMF3676
|
||||
|
b) |
Nature of the transaction |
Grant of Option |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
|
||||
|
e) |
Date of the transaction |
20 May 2020 |
||||
|
f) |
Place of the transaction |
Outside a Trading Venue |
||||
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
Enquiries:
|
Warpaint London Keith Sadler - Chairman of the Remuneration Committee |
c/o IFC |
|
Shore Capital (Nominated Adviser and Joint Broker) Antonio Bossi - Corporate Advisory Daniel Bush - Corporate Advisory Fiona Conroy - Corporate Broking
|
020 7408 4090 |
|
N+1 Singer (Joint Broker) Shaun Dobson - Corporate Finance Alex Bond - Corporate Finance |
020 7496 3000
|
|
IFC Advisory (Financial PR & IR) Tim Metcalfe Graham Herring Florence Chandler |
020 3934 6630
|
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