Arena Events Group PLC Grant of Options under Share Option Plan (8221M)

TIDMARE

RNS Number : 8221M

Arena Events Group PLC

18 September 2019

18 September 2019

ARENA EVENTS GROUP PLC

(the "Company")

Grant of Options under Share Option Plan

Arena Events Group plc (AIM: ARE), announces that share options to acquire ordinary shares of 1 penny each in the Company ("Share Options") have been granted to incoming CFO, Steve Trowbridge, under the Company's existing Share Option Plan put in place at the time of the IPO in 2017 (the "Plan").

Steve will be issued 2,162,162 Share Options at an exercise price of 18.5p, vesting 720,721 on the third anniversary of grant, 720,721 on the fourth anniversary and 720,720 on the fifth anniversary.

The Awards shall vest only to the extent that the conditions set by the Remuneration Committee are satisfied and subject to the Rules of the Plan.

Enquires:

 
 Arena Events Group plc 
  Greg Lawless (CEO) 
  Piers Wilson (CFO) 
  Cenkos Securities (Nomad and       [phone] 
  Broker)                             [phone] 
 Max Hartley (Corporate Finance) 
  Julian Morse (Sales) 
 
  Alma PR (Financial PR)             [phone] 
 

Josh Royston, John Coles, Helena Bogle

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                         Steve Towbridge 
     ---------------------------  -------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status              Incoming Group CFO 
     ---------------------------  -------------------------------------- 
 b)   Initial notification         Initial Notification 
       /Amendment 
     ---------------------------  -------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                         Area Events Group plc 
     ---------------------------  -------------------------------------- 
 b)   LEI                          213800Z94NF6F4C9AD43 
     ---------------------------  -------------------------------------- 
 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 
       financial instrument,        pence each 
       type of instrument 
 
       Identification code          GB00BF0HYJ24 
     ---------------------------  -------------------------------------- 
 b)   Nature of the transaction    Grant of options to purchase ordinary 
                                    shares of 1p each under the Arena 
                                    Group Employee Share Options Scheme 
     ---------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)      Volume(s) 
                                     18.5 pence    2,162,162 
                                                  ---------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume           N/A - single transaction 
 
       - Price 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      17 September 2019 
     ---------------------------  -------------------------------------- 
 f)   Place of the transaction     Outside of a trading venue 
     ---------------------------  -------------------------------------- 
 

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END

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September 18, 2019 06:41 ET (10:41 GMT)