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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Revolution Bars Group Plc | LSE:RBG | London | Ordinary Share | GB00BVDPPV41 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.55 | 1.50 | 1.60 | 1.55 | 1.55 | 1.55 | 1,553,653 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Drinking Places (alcoholic) | 152.55M | -22.23M | -0.0966 | -0.16 | 3.57M |
TIDMRBG
RNS Number : 9399Q
Revolution Bars Group
24 October 2019
Revolution Bars Group plc
("Revolution" or the "Company")
Grant of awards under the Revolution Bars Group Plc Performance Share Plan (the "Plan)
The Company announces that on 23 October 2019, it granted options under the Plan with an exercise price of GBP0.001 per share over, in aggregate, 916,269 ordinary shares of GBP0.001 each in the Company ("Ordinary Shares") (the "PSP Options") to directors and other persons discharging managerial responsibility ("PDMRs") as set out in the table below.
The PSP Options shall vest and become exercisable on the date the Remuneration Committee determines that the performance targets set out below have been met, which is likely to be on the date that is the later of the preliminary announcement of the results for the year ended June 2022 and 23 October 2022.
Name Position Number of Ordinary Shares under PSP Option Rob Pitcher CEO 531,269 -------------------------------- ------------------------- Kate Eastwood Sales and Marketing Director 50,000 -------------------------------- ------------------------- Operations Director Revolution Mark Walter South 50,000 -------------------------------- ------------------------- Alex Stanhope Property Director 50,000 -------------------------------- ------------------------- Beth Anderson Head of People 25,000 -------------------------------- ------------------------- Myles Doran Commercial Director 50,000 -------------------------------- ------------------------- Operations Director Revolution Andy Dyson North 50,000 -------------------------------- ------------------------- Operations Director Revolucion Clinton Ghent de Cuba 50,000 -------------------------------- -------------------------
The award to Rob Pitcher relates to the commitment given in his offer letter and equates to 100% salary based on the average mid-market share price in the five days prior to issue.
The performance targets relating to the PSP Options have been amended following feedback from a number of investors. They are as follows:
(i) 70% of the award is based on Earnings per Share (EPS) growth. An EPS of 7 pence per share for the year to 30 June 2022 will provide for 25% of this part of an award vesting, increasing pro rata to 100% of this part of the award vesting at 11.5 pence. These EPS targets equate to annualised growth rates of c27% per annum and 50% per annum compared to the original 7% per annum and 13% per annum targets set out in the Directors' Remuneration Report for the year ended June 2019; and
(ii) 30% of the awards are based on Total Shareholder Return - no changes have been made to this element of the award as set out in the Directors' Remuneration Report for the year ended June 2019.
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 rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
October 24, 2019 02:01 ET (06:01 GMT)
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