Angling Direct PLC Grant of Options (4762W)

TIDMANG

RNS Number : 4762W

Angling Direct PLC

18 August 2020

Angling Direct plc

("Angling Direct" or the "Company")

Grant of Options

Angling Direct plc, the largest specialist fishing tackle and equipment retailer in the UK, announces that, pursuant to the Company's Executive Director Share Option Scheme, options have been granted over the Company's ordinary shares of 1p each ("Ordinary Shares") to Andy Torrance (CEO) and Steven Crowe (CFO), each a person discharging managerial responsibilities ("PDMR").

Details of the grants made are set out below:

 
 Option Holder      Number of Ordinary   Exercise Price     Exercise condition 
                      Shares subject      per Ordinary     to remain an Employee 
                       to an option           Share               up to: 
 Andrew Torrance         540,000            GBP0.22          31 January 2023 
                         270,000            GBP0.21           31 March 2024 
 Total                   810,000 
 Steven Crowe            444,444            GBP0.22          31 January 2023 
                         222,222            GBP0.21           31 March 2024 
 Total                   666,666 
 

The options are ordinarily exercisable between the date that the relevant condition as outlined above has been satisfied and 18 August 2030. There are no further conditions applicable to exercise of the options. The options have been granted following consultation with certain of the Company's major shareholders.

For further information please contact:

 
 Angling Direct PLC                       [phone] 
 Martyn Page, Executive Chairman 
  Paul Davies, Non-Executive Director 
 N+1 Singer - NOMAD and Broker 
 Peter Steel, Alex Bond (Corporate 
  Finance) 
  Tom Salvesen (Corporate Broking)       [phone] 
 Yellow Jersey PR - Financial PR         [phone] 
 Charles Goodwin 
  Georgia Colkin                         [phone] 
  Annabel Atkins                          [phone] 
 
 

About Angling Direct

Angling Direct is the largest specialist fishing tackle retailer in the UK. The Company sells fishing tackle products and related equipment through its network of retail stores, located throughout the UK as well as through its own websites (www.anglingdirect.co.uk, .de, .fr and .nl) and other third-party websites.

The Company currently sells over 21,500 fishing tackle products, including capital items, consumables, luggage and clothing. The Company also owns and sells fishing tackle products under its own brand 'Advanta', which was formally launched in March 2016.

From 1986 to 2002, the Company's founders acquired interests in a number of small independent fishing tackle shops in Norfolk and, in 2002, they acquired a significant premise in Norwich, which was branded Angling Direct. Since 2002, the Company has continued to acquire or open new stores, taking the total number up to 36 retail stores. In 2015, the Company opened a 30,000 sq. ft central distribution centre in Rackheath, Norfolk, where the Company's head office is also located. The Company has an established, and rapidly growing, presence in Europe with native language websites set up in key regions to address demand.

Notification and public disclosure of transactions by PDMRs and persons closely associated with them

 
  1    Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                         Andrew Torrance 
      ---------------------------  ------------------------------------------- 
  2    Reason for the notification 
      ------------------------------------------------------------------------ 
 a)    Position/status              Chief Executive Officer 
      ---------------------------  ------------------------------------------- 
 b)    Initial notification         Initial Notification 
        /Amendment 
      ---------------------------  ------------------------------------------- 
  3    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------ 
 a)    Name                         Angling Direct plc 
      ---------------------------  ------------------------------------------- 
 b)    LEI                          213800WAVVOPS85N2205 
      ---------------------------  ------------------------------------------- 
  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           Options over Ordinary shares of 1 penny 
        financial instrument,        each ("Ordinary Shares") 
        type of instrument 
 
        Identification code          GB00BF1XGQ00 
      ---------------------------  ------------------------------------------- 
 b)    Nature of the transaction    Grant of options over Ordinary Shares 
      ---------------------------  ------------------------------------------- 
 c)    Price(s) and volume(s)                 Price                 Volume 
      ---------------------------  ---------------------------  -------------- 
        (a) Exercise price 
         of GBP0.22                                                   540,000 
  ------------------------------------------------------------  -------------- 
        (b) Exercise price 
         of GBP0.21                                                   270,000 
  ------------------------------------------------------------  -------------- 
 d)    Aggregated information       N/A 
 
        - Aggregated volume 
 
        - Price 
      ---------------------------  ------------------------------------------- 
 e)    Date of the transaction      18 August 2020 
      ---------------------------  ------------------------------------------- 
 f)    Place of the transaction     Outside a trading venue 
      ---------------------------  ------------------------------------------- 
 
 
  1    Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                         Steven Crowe 
      ---------------------------  ------------------------------------------- 
  2    Reason for the notification 
      ------------------------------------------------------------------------ 
 a)    Position/status              Chief Financial Officer 
      ---------------------------  ------------------------------------------- 
 b)    Initial notification         Initial Notification 
        /Amendment 
      ---------------------------  ------------------------------------------- 
  3    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------ 
 a)    Name                         Angling Direct plc 
      ---------------------------  ------------------------------------------- 
 b)    LEI                          213800WAVVOPS85N2205 
      ---------------------------  ------------------------------------------- 
  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           Options over Ordinary shares of 1 penny 
        financial instrument,        each 
        type of instrument 
 
        Identification code          GB00BF1XGQ00 
      ---------------------------  ------------------------------------------- 
 b)    Nature of the transaction    Grant of options over Ordinary Shares 
      ---------------------------  ------------------------------------------- 
 c)    Price(s) and volume(s)                 Price                 Volume 
      ---------------------------  ---------------------------  -------------- 
        (a) Exercise price 
         of GBP0.22                                                   444,444 
  ------------------------------------------------------------  -------------- 
        (b) Exercise price 
         of GBP0.21                                                   222,222 
  ------------------------------------------------------------  -------------- 
 d)    Aggregated information       N/A 
 
        - Aggregated volume 
 
        - Price 
      ---------------------------  ------------------------------------------- 
 e)    Date of the transaction      18 August 2020 
      ---------------------------  ------------------------------------------- 
 f)    Place of the transaction     Outside a trading venue 
      ---------------------------  ------------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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August 18, 2020 07:04 ET (11:04 GMT)