REG - Angling Direct PLC - Grant of Options

Angling DirectAnnouncement

31/07/2023 07:45

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RNS Number : 7067H  Angling Direct PLC  31 July 2023

Angling Direct plc

("Angling Direct", the "Company" or the "Group")

 

Grant of Options

 

Angling Direct plc (AIM: ANG), announces that, pursuant to the Company's Long
Term Incentive Plan ("LTIP"), options ("the Options") have been granted over
ordinary shares of 1p each ("Ordinary Shares") in the Company to Steve Crowe
(CEO) and Sam Copeman (CFO), each a Director and person discharging managerial
responsibilities ("PDMR").

 

Details of the grants made are set out below:

 

 Option Holder  Number of Ordinary Shares subject to an Option  Exercise Price per Ordinary Share  Vesting date
 Steve Crowe    1,000,000                                       £0.375                             28 July 2026
                500,000                                         £0.375                             28 July 2027
 Total          1,500,000
 Sam Copeman    333,333                                         £0.375                             28 July 2026
                666,666                                         £0.375                             28 July 2027
 Total          999,999

 

The Board has set challenging financial performance criteria for the Options
to vest, focused on creating stakeholder value and consistent with the
long-term ambition and strategy of the Group. Exercise of the Options is also
conditional on the Option Holder remaining an employee on the Exercise Date.

 

For further information please contact:

 

 Angling Direct plc                         via FTI Consulting
 Andy Torrance, Non-executive Chairman

 Singer Capital Markets - NOMAD and Broker  +44 (0) 20 7496 3000
 Peter Steel

 Alex Bond

 Tom Salvesen

 James Fischer

 FTI Consulting - Financial PR              +44 (0) 20 3727 1000
 Alex Beagley                               anglingdirect@fticonsulting.com (mailto:anglingdirect@fticonsulting.com)

 Sam Macpherson

 

About Angling Direct

 

Angling Direct is the leading omni-channel specialist fishing tackle retailer
in the UK. The Company sells fishing tackle products and related equipment
through its network of retail stores, located strategically throughout the UK
as well as through its leading digital platform (www.anglingdirect.co.uk
(https://www.anglingdirect.co.uk/) .de, .fr, .nl and .eu) and other
third-party websites.

 

Angling Direct is committed to supporting its active customer base and
widening access to the angling community through its passionate colleagues,
store-based qualified coaches, social media reach and ADTV YouTube
(https://www.youtube.com/channel/UCOenrSpp_3DpdT14EBrPkWA) channel. The
Company currently sells over 28,000 fishing tackle products, including capital
items, consumables, luggage and clothing. Angling Direct also owns and sells
fishing tackle products under its own brand 'Advanta', which was formally
launched in March 2016.

 

From 1986 to 2002, the Company's founders acquired interests in a number of
small independent fishing tackle shops in Norfolk and, in 2002, they acquired
a significant premise in Norwich, which was branded Angling Direct. Since
2002, the Company has continued to acquire or open new stores, taking the
total number up to 47 retail stores. In 2015, the Company opened a 2,800 sq.
metres central distribution centre in Rackheath, Norfolk, where the Company's
head office is also located. In January 2022 Angling Direct acquired an
additional 3,900 sq. metres distribution centre in Venlo, Netherlands to
service its established, and rapidly growing, presence in Europe with native
language websites set up in key regions to address demand.

 

Notification and public disclosure of transactions by PDMRs and persons
closely associated with them

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Steven Crowe
 2    Reason for the notification
 a)   Position/status                                              Chief Executive Officer
 b)   Initial notification /Amendment                              Initial Notification
 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                         Angling Direct plc
 b)   LEI                                                          213800MZ7P7HZIRI7H93
 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 instrument, type of instrument  Options over Ordinary shares of 1 penny each

      Identification code

                                                                   GB00BF1XGQ00
 b)   Nature of the transaction                                    Grant of options over Ordinary Shares
 c)   Price(s) and volume(s)                                       Price                            Volume

      (a)  Exercise price of £0.375                                                                 1,000,000
                                                                   (b)  Exercise price of £0.375    500,000
 d)   Aggregated information                                       N/A

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      28 July 2023
 f)   Place of the transaction                                     Outside a trading venue

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Sam Copeman
 2    Reason for the notification
 a)   Position/status                                              Chief Financial Officer
 b)   Initial notification /Amendment                              Initial Notification
 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                         Angling Direct plc
 b)   LEI                                                          213800MZ7P7HZIRI7H93
 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 instrument, type of instrument  Options over Ordinary shares of 1 penny each

      Identification code

                                                                   GB00BF1XGQ00
 b)   Nature of the transaction                                    Grant of options over Ordinary Shares
 c)   Price(s) and volume(s)                                       Price                            Volume

      (a)  Exercise price of £0.375                                                                 333,333
                                                                   (b)  Exercise price of £0.375    666,666
 d)   Aggregated information                                       N/A

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      28 July 2023
 f)   Place of the transaction                                     Outside a trading venue

 

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