YOLO Leisure & Technology PLC Grant of Warrants (2888Y)

TIDMYOLO

RNS Number : 2888Y

YOLO Leisure & Technology PLC

08 May 2019

YOLO Leisure and Technology plc

("YOLO" or the "Company")

Grant of Warrants

YOLO Leisure and Technology plc, the AIM-quoted company focusing on opportunities in the technology, media and leisure sectors, announces the grant of warrants to Simon Robinson and Sohail Bhatti, both directors of the Company, at an exercise price of 5p ("Warrants"). Details of the Warrants and the executive directors' other holdings of options and warrants are set out below.

 
 Director     Number of      Ordinary         Number          Number of   Number of 
               ordinary       shares held      of options      Warrants    options and 
               shares held    as percentage    and warrants    granted     warrants held 
               prior to       of issued        held prior                  following 
               grant          voting share     to grant                    grant 
                              capital 
 Simon 
  Robinson     1,389,201         2.66%           980,000      2,000,000     2,980,000 
             -------------  ---------------  --------------  ----------  --------------- 
 Sohail 
  Bhatti         66,667          0.13%             Nil        2,000,000     2,000,000 
             -------------  ---------------  --------------  ----------  --------------- 
 

The Warrants were granted on 7 May 2019 and may be exercised at any time up until 31 May 2022.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Enquiries

 
 YOLO Leisure and Technology plc 
 Simon Lee Robinson                 [e-mail] 
 
 Cairn Financial Advisers LLP 
 Sandy Jamieson, Liam Murray             Tel: [phone] 
 
 Peterhouse Capital Limited (Sole 
  broker) 
 Duncan Vasey / Lucy Williams           Tel: + 44 20 7220 9797 
 
 Walbrook PR Ltd                      Tel: [phone] or 
                                           [e-mail] 
 Paul McManus                            Mob: [phone] 
 Sam Allen                               Mob: [phone] 
 
 
 Notification of a Transaction pursuant to Article 19(1) of Regulation 
  (EU) No. 596/2014 
 1      Details of the person discharging managerial responsibilities/person 
         closely associated 
       -------------------------------------------------------------------------------- 
 a.     Name                                  1) Simon Robinson 
                                               2) Sohail Bhatti 
       -------------------------------  ----------------------------------------------- 
 2      Reason for notification 
       -------------------------------  ----------------------------------------------- 
 a.     Position/Status                       1) Executive Chairman 
                                               2) CFO 
       -------------------------------  ----------------------------------------------- 
 b.     Initial notification/            Initial notification 
         Amendment 
       -------------------------------  ----------------------------------------------- 
 3      Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
       -------------------------------------------------------------------------------- 
 a.     Name                             YOLO Leisure & Technology plc 
       -------------------------------  ----------------------------------------------- 
 b.     LEI                              213800AYJZ2B8QNY7H15 
       -------------------------------  ----------------------------------------------- 
 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 financial                    Warrant over ordinary shares 
         instrument, type 
         of instrument 
 
         Identification                   ISIN: GB00B6TG6Y69 
         Code 
       -------------------------------  ----------------------------------------------- 
 b.     Nature of the                     Grant of warrants 
         transaction 
       -------------------------------  ----------------------------------------------- 
 
 c.     Price(s) and volume(s)               Price(s) per    Volume(s) 
                                              share 
       -------------------------------      -------------- 
 
                                                   1) 5p           1) 2,000,000 
                                                    2) 5p           2) 2,000,000 
                                            --------------  ----------------------- 
 
        Aggregated information 
 
         - Aggregated Volume               4,000,000 
 
 d.      - Price                           5p 
       -------------------------------  ----------------------------------------------- 
 e.     Date of the transaction          7 May 2019 
       -------------------------------  ----------------------------------------------- 
 f.     Place of the transaction         AIM 
       -------------------------------  ----------------------------------------------- 
 

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 [e-mail] or visit www.rns.com.

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May 08, 2019 02:00 ET (06:00 GMT)