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Hotel Chocolat Group (HOTC)

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Friday 25 October, 2019

Hotel Chocolat Group

Director/PDMR Dealing - Grant of Options

RNS Number : 2053R
Hotel Chocolat Group PLC
25 October 2019
 

 

25 October 2019

 

Hotel Chocolat Group plc

 

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

 

Director/PDMR Dealing - Grant of Options

The Company announces today that it has granted 301,073 options over ordinary shares of 0.1p in the Company ("Ordinary Shares") to employees pursuant to the Hotel Chocolat Group plc 2016 Long Term Incentive Plan (the "Plan"). The grants comprise Unapproved Share Options (the "Options").

Certain of the Options have been granted to persons discharging managerial responsibilities ("PDMRs"), as set out below:  

PDMR / Director

Scheme

No. of Options granted

Total no. of Options now held

Matt Margereson (Chief Operating Officer)

CSOP

-

20,270

Unapproved

56,256

256,256

TOTAL

56,256

276,526

Matt Pritchard (Chief Financial Officer)

CSOP

-

20,270

Unapproved

56,256

256,256

TOTAL

56,256

276,526

In addition to the Options granted to PDMRs, the Company has granted 188,561 Options to other employees of the Group.  

The Options have been granted subject to a performance condition based on the Company's reported audited net profit after tax for the year ending June 2022 and will vest on the third anniversary of the grant (the "Option Period"). The Options have an exercise price of 0.1 pence per ordinary share and are exercisable at the end of the Option Period and until the day before the tenth anniversary of grant.

Following the grant of the Options, the total number of Ordinary Shares outstanding under all Group share incentive schemes arrangements is 2,250,837, representing 1.95 per cent of the Company's issued share capital.

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

 

Citigate Dewe Rogerson - Financial PR                                                                                           + 44 (0) 20 7638 9571

Simon Rigby                                                                                         

Angharad Couch

Ellen Wilton

 

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

Clayton Bush

James Greenwood

 

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 stores in the UK and abroad. The Group has a cocoa plantation and eco-hotel in Saint Lucia, offering complete cocoa immersion thorough tree-to-bar experiences and wellness treatments. The Group also has a flagship restaurant and cocoa roastery in London's Borough Market: Rabot 1745. 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

 

1. Matthew Paul Margereson

2. Matthew Robert Phillip Pritchard

2

 

Reason for the notification

 

a)

 

Position/status

 

1. Chief Operating Officer

2. 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

 

Identification code

 

 

Options over Ordinary shares of 0.1 pence each

 

ISIN: GB00BYZC3B04

b)

 

Nature of the transaction

 

 

Grant of options pursuant to the Hotel Chocolat Group plc 2016 Long Term Incentive Plan

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

 

1.     0.1 pence

 56,256

2.     0.1 pence

56,256

 

d)

 

Aggregated information

 

 

- Aggregated volume

- Price

 

 N/A

 

 

 

e)

 

Date of the transaction

 

24 October 2019

f)

 

Place of the transaction  

 

Outside a trading venue

 

 

 


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