B90 Holdings PLC Grant of Options (7876N)

TIDMB90

RNS Number : 7876N

B90 Holdings PLC

01 October 2021

1 October 2021

B90 Holdings plc

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

Grant of Options

B90 Holdings plc (AIM: B90), the online marketing company for the gaming industry , announces that it has granted options over, in aggregate, 13,530,000 ordinary shares of no par value ("Ordinary Shares") to certain directors and employees of the Company (the "Options"), pursuant to the terms of Company's Long Term Incentive Plan - May 2016 (as amended) (the "2016 Plan").

The Options have an exercise price of 13p 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. Details of the Options that have been granted are summarised in the table below:

 
 Individual(s)               Number of   Grant date   Exercise      Total number of 
                       Options granted                   price    options following 
                                                                         this issue 
 Paul Duffen                 3,000,000    01-Oct-21        13p            4,800,000 
                     -----------------  -----------  ---------  ------------------- 
 Marcel Noordeloos           3,000,000    01-Oct-21        13p            5,100,000 
                     -----------------  -----------  ---------  ------------------- 
 Mark Rosman                 3,000,000    01-Oct-21        13p            3,550,000 
                     -----------------  -----------  ---------  ------------------- 
 Karim Peer                    750,000    01-Oct-21        13p              750,000 
                     -----------------  -----------  ---------  ------------------- 
 Ronny Breivik               3,000,000    01-Oct-21        13p            3,000,000 
                     -----------------  -----------  ---------  ------------------- 
 Other employees               780,000    01-Oct-21        13p            3,845,000 
                     -----------------  -----------  ---------  ------------------- 
 

Following today's grant of Options, the Company has, in aggregate, 21,045,000 options outstanding, representing approximately 9.4% of its issued share capital.

 
  1    Details of the persons discharging managerial responsibilities 
 a    N a me                          1. Paul J Duffen 
  )                                    2. Marcel Noordeloos 
                                       3. Mark Rosman 
                                       4. Karim Peer 
                                       5. Ronny Breivik 
     -------------------------  --------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------ 
 a    Position / s t a tus            1. Executive Chairman 
  )                                    2. Finance Director 
                                       3. Non-Executive Director 
                                       4. Non-Executive Director 
                                       5. Chief Executive of B90 Ventures Ltd 
                                       (non Company Board position) 
     -------------------------  --------------------------------------------- 
 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 
       fina n cial instrume       value 
       n t , type of ins t 
       rument 
     -------------------------  --------------------------------------------- 
     Identification code         ISIN for Ordinary Shares: IM00BYT32K14 
     -------------------------  --------------------------------------------- 
 b)   Nature of t h e transact   Grant of options 
       i o n 
     -------------------------  --------------------------------------------- 
 c)   Price(s) a n d vo l         Option Price   Vo l ume (s) 
       ume (s)                      (s) 
                                                       1. 3,000,000 
                                                 ------------------ 
                                                       2. 3,000,000 
                                                 ------------------ 
                                                       3. 3,000,000 
                                                 ------------------ 
                                        13p            4. 750,000 
                                                 ------------------ 
                                                       5. 3,000,000 
                                                 ------------------ 
     -------------------------  --------------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume         *    Options over 12,750,000 shares 
       - Price 
 
                                   *    13p per share (exercise price) 
     -------------------------  --------------------------------------------- 
 e)   Date of the transaction    01 October 2021 
     -------------------------  --------------------------------------------- 
 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 
     -------------------------  --------------------------------------------- 
 

For further information please contact:

B90 Holdings plc [phone]

Paul Duffen, 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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October 01, 2021 09:30 ET (13:30 GMT)