REG - B90 Holdings PLC - Grant of Options

B90 HoldingsAnnouncement

01/10/2021 14:35

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 Options granted


Grant date


Exercise price


Total number of 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)


Name


1.     Paul J Duffen
2.     Marcel Noordeloos
3.     Mark Rosman
4.     Karim Peer
5.     Ronny Breivik
 




2


Reason for the notification




a)


Position/status


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 /Amendment


Initial notification




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 financial  instrument, type of instrument
 
 
 


Options over Ordinary Shares of no par value




Identification code


ISIN for Ordinary Shares: IM00BYT32K14
 




b)


Nature of the transaction


Grant of options  




c)


Price(s) and volume(s)






Option Price(s)


Volume(s)




 
13p


1. 3,000,000




2. 3,000,000




3. 3,000,000




4. 750,000




 


5. 3,000,000




 




d)


Aggregated information
- Aggregated volume 
- Price 
 


-     Options over 12,750,000 shares
-     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                                                                                              +44 (0)1624 605 764
Paul Duffen, Executive Chairman
Marcel Noordeloos, Chief Financial Officer
 
Strand Hanson Limited (Nominated Adviser)                                             +44 (0)20 7409 3494
James Harris / James Dance / Rob Patrick
 
Whitman Howard Ltd (Broker)
Nick Lovering 
 
Belvedere (Financial PR & IR)                                                                       +44 (0)20 3687 2754
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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