Distil PLC Exercise of Share Options, PDMR Dealing & TVRs (5115E)

TIDMDIS

RNS Number : 5115E

Distil PLC

12 February 2018

Distil plc

("Distil" or the "Company")

Exercise of Share Options, PDMR Dealing & Total Voting Rights

Distil plc (AIM: DIS), owner of premium drinks brands RedLeg Spiced Rum, Blackwoods Gin and Vodka, Blavod Black Vodka, Jago's Cream Liqueur and Diva vodka, announces that it has issued 1,000,000 new ordinary shares of 0.1 pence ("Ordinary Shares") following the exercise of the equivalent number of share options by Mark Quinn, a Non-Executive Director of the Company, at an exercise price of 0.85 pence per Ordinary Share ("Option Shares").

Application has been made to the London Stock Exchange for the Option Shares to be admitted to trading on AIM at 8:00 a.m. on 15 February 2018 ("Admission"). The Option Shares shall rank pari passu with the existing ordinary shares in the Company.

Following Admission, Mark Quinn (and persons related to him) will hold no options or warrants in the Company, and will have a beneficial interest in 6,000,000 Ordinary Shares, representing 1.2% of the enlarged issued share capital of the Company.

Following Admission, the Company's enlarged issued share capital will comprise 500,833,488 Ordinary Shares with one voting right per share. There are no shares held in treasury. The total number of voting rights in the Company is therefore 500,833,488.

This figure of 500,833,488 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

For further Information:

 
 Distil PLC 
------------------------  ---------------------- 
 Don Goulding Executive    Tel: [phone] 
  Chairman 
  Shaun Claydon, Finance 
  Director 
------------------------  ---------------------- 
 SPARK Advisory Partners 
  Limited (NOMAD) 
------------------------  ---------------------- 
 Neil Baldwin              Tel [phone] 
  Mark Brady 
------------------------  ---------------------- 
 Turner Pope Investments 
  (TPI) Ltd (Broker) 
------------------------  ---------------------- 
 Andy Thacker              Tel [phone] 
------------------------  ---------------------- 
 
 
 1.   Details of the PDMR / person 
       closely associated 
---  --------------------------------------------- 
 a)   Name                Mark Quinn 
---  ------------------  ------------------------- 
 2.   Reason for the notification 
---  --------------------------------------------- 
 a)   Position            PDMR 
       / status 
---  ------------------  ------------------------- 
 b)   Initial             Initial notification 
       notification 
       / amendment 
---  ------------------  ------------------------- 
 3.   Details of the issuer, emission 
       allowance market participant, 
       auction platform, auctioneer 
       or auction monitor 
---  --------------------------------------------- 
 a)   Name                Distil Plc 
---  ------------------  ------------------------- 
 b)   LEI                 213800G6BJQ18CKXWF05 
---  ------------------  ------------------------- 
 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         Exercise of Options 
       of the 
       financial 
       instrument,         GB0030164023 
       type of 
       instrument 
       Identification 
       code 
---  ------------------  ------------------------- 
 b)   Nature              Exercise of Options 
       of the 
       transaction 
---  ------------------  ------------------------- 
 c)   Price(s)            1,000,000 at 0.85p 
       and volume(s) 
---  ------------------  ------------------------- 
 d)   Aggregated          N/A (Single transaction) 
       information 
             Aggregated 
              volume 
 
             *    Price 
---  ------------------  ------------------------- 
 e)   Date of             15 February 2018 
       the transaction 
---  ------------------  ------------------------- 
 f)   Place of            London Stock Exchange 
       the transaction     (XLON) 
---  ------------------  ------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 12, 2018 02:00 ET (07:00 GMT)