REG - Distil PLC - Grant of Options <Origin Href="QuoteRef">DISD.L</Origin>

DistilAnnouncement

29/10/2014 15:04

RNS Number : 7929S
Distil PLC
29 September 2014
29 September 2014
Distil PLC
("Distil or the "Company")
Grant of Options
The Board of Distil plc (AIM: DIS), owner of premium drinks brands including Blavod Black Vodka, Blackwood's Gin and Vodka and RedLeg Spiced Rum, has today made the following grant of options to directors :
 
.
Director
Position
Number of Options granted
Total Options held following the grant
Number of Ordinary Shares held
Shares held as a % of Current Issued Share Capital
Sarah Bertolotti
Finance Director
2,000,000
2,000,000
1,124,667
0.31
Mark Quinn
Non Executive Director
1,000,000
1,000,000
3,500,000
1.14
These Options over ordinary shares of 0.1p each have an exercise price of 0.85 pence per share. In aggregate, the 3,000,000 Options granted to the Directors represent approximately 0.83 per cent of the current issued share capital of the Company.
A further 2,500,000 Options, also at the exercise price of 0.85 pence per share, were awarded to employees.
50 per cent. of the above options vest upon the publication of the Annual Report and Accounts for the year ending 31 March 2015, with the balance vesting upon the publication of the Annual Report and Accounts for the year ending 31 March 2016.
In addition, a warrant has been granted to SI Capital, the Company's broker, to subscribe for 1,700,000 ordinary shares at an exercise price of 3p.
Following the grant of the Options and warrants as above, the total number of ordinary shares outstanding under Option and warrant arrangements will be 7,200,000 ordinary shares representing 1.98 per cent of the Company's issued share capital. 
For further information please contact:
Distil plc

Don GouldingExecutive Chairman
Tel: +44 207 352 2096
SPARK Advisory Partners Limited (NOMAD)

Neil Baldwin
Mark Brady
Tel +44 113 366 2266 /2268
SI Capital (Broker)

Andy Thacker 
Nick Emerson
Tel +44 1483 413500
Cadogan PR

Alex Walters
Tel: +44 207 839 9260
About Distil
Distil plc (formerly Blavod Wines & Spirits) is quoted on the AIM market of the London Stock Exchange. It owns drinks brands in a number of sectors of the alcoholic drinks market. These include premium Vodka, premium Gin, Vodka Vanilla Cream Liqueur and Spiced Rum and are called Blavod Original Black Vodka, Blackwoods Vintage Gin, Blackwoods Vodka, Diva Vodka, Jago's Cream liqueur and RedLeg Spiced Rum.
www.distilplc.com

This information is provided by RNS
The company news service from the London Stock Exchange
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