B90 Holdings PLC Grant of Options (7103P)

TIDMB90

RNS Number : 7103P

B90 Holdings PLC

22 June 2022

For immediate release: 22 June 2022

B90 Holdings plc

("B90", the "Company" or "Group")

Grant of Options

B90 Holdings plc (AIM: B90), the online marketing and operating company for the gaming industry, announces that it has granted a total of 2,000,000 options ("Options") over ordinary shares of no par value in the capital of the Company ("Ordinary Shares") on 21 June 2022, under the Company's Long Term Incentive Stock Option Plan - May 2016 (as amended) (the "2016 Plan") to Karim Peer, as part of his appointment as Executive Chairman.

The Options have an exercise price of 5p per share, being yesterday's closing mid-market price per Ordinary Share . Pursuant to the terms of the 2016 Plan, the Options will vest in equal instalments over the four years following the first anniversary of the date of grant and any of the Options that remain unexercised on the fifth anniversary of the date of grant will lapse.

Following this grant of Option, Karim Peer is now interested in, in aggregate, 2,750,000 options over Ordinary Shares and the Company has, in aggregate, 22,205,000 options outstanding, representing approximately 8.4% of its issued share capital.

 
1   Details of the persons discharging managerial responsibilities 
a)  Name                             1. Karim Peer 
    -------------------------  --------------------------------------- 
2   Reason for the notification 
    ------------------------------------------------------------------ 
a)  Position/status                        1. Executive Chairman 
    -------------------------  --------------------------------------- 
b)  Initial notification       Initial notification 
     /Amendment 
    -------------------------  --------------------------------------- 
3   Details of the issuer 
    ------------------------------------------------------------------ 
a)  Name                       B90 Holdings plc 
    -------------------------  --------------------------------------- 
b)  LEI                        2138007KWLZHV5I1A979 
    -------------------------  --------------------------------------- 
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 no par 
     financial instrument,      value 
     type of instrument 
    -------------------------  --------------------------------------- 
    Identification code        ISIN for Ordinary Shares: IM00BYT32K14 
    -------------------------  --------------------------------------- 
b)  Nature of the transaction  Grant of options 
    -------------------------  --------------------------------------- 
c)  Price(s) and volume(s)     Option Price(s)  Volume(s) 
                                5p                     1. 2,000,000 
                                                 ------------------ 
    -------------------------  --------------------------------------- 
d)  Aggregated information 
     - Aggregated volume          *    Options over 2,000,000 shares 
     - Price 
 
                                  *    5p per share (exercise price) 
    -------------------------  --------------------------------------- 
e)  Date of the transaction    21 June 2022 
    -------------------------  --------------------------------------- 
f)  Place of the transaction   Outside a trading venue. 
                                New Ordinary Shares issued on exercise 
                                of options will be admitted to trading 
                                on AIM, London Stock Exchange 
    -------------------------  --------------------------------------- 
 

-ends-

For further information please contact:

B90 Holdings plc [phone]

Karim Peer, Non-Executive Chairman

Marcel Noordeloos, Chief Financial Officer

Strand Hanson Limited (Nominated Adviser) [phone]

James Harris / James Dance / Rob Patrick

Whitman Howard Ltd (Broker)

Nick Lovering

Belvedere (Financial PR & IR) [phone]

John West / Llewellyn Angus

About B90 Holdings plc

B90 Holdings plc is a group of companies focused on the operation of its own online Sportsbook and Casino product as well as marketing activities for other online gaming companies.

Website: www.b90holdings.com

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June 22, 2022 02:00 ET (06:00 GMT)