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

DistilAnnouncement

01/03/2017 10:15

RNS Number : 2075Y
Distil PLC
01 March 2017
1 March 2017
Distil Plc
("Distil" or the "Company")
Grant of Options
The Board of Distil plc (AIM: DIS), owner of premium drinks brands RedLeg Spiced Rum, Blackwoods Gin and Vodka, Blavod Black Vodka, Jago's Cream Liqueur and Diva vodka, has made the following grant of options to Shaun Claydon ("Options"), Finance Director of Distil:
Number of Options granted
Total Options held following the grant
2,750,000
2,750,000
These Options over ordinary shares of 0.1p each have an exercise price of 1.62 pence per share, being the average closing mid-market price of a Distil share over the 10 business days prior to the date of grant.
50 per cent. of the Options vest upon the publication of the Annual Report and Accounts for the year ending 31 March 2017. The remaining 50 per cent. vest upon publication of the interim results for the period ending 30 September 2017.
Following grant of the above options, the total number of ordinary shares outstanding under option and warrant arrangements equates to 15,450,000 ordinary shares, representing 3.09 per cent. of the Company's issued share capital.
For further Information:
Distil PLC

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

Neil Baldwin
Mark Brady
Tel +44 113 2366 266 / 2268
SI Capital (Broker)

Andy Thacker
Nick Emerson
Tel+44 1483 413500
About Distil
Distil Plc 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 spiced rum, vodka, gin, vodka vanilla cream liqueur and are called RedLeg Spiced Rum. Blackwoods Vintage Gin, Blackwoods Vodka, Blavod Original Black Vodka, Diva Vodka and Jago's Vanilla Cream Liqueur. 
www.distilplc.com
1.
Details of the PDMR / person closely associated
a)
Name
Shaun Claydon
2.
Reason for the notification
a)
Position / status
PDMR
b)
Initial notification / amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Distil plc
b)
LEI
213800G6BJQ18CKXWF05
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
Identification code
Options over ordinary shares of 0.001 each in Distil plc
GB0030164023
b)
Nature of the transaction
Issue of Options
c)
Price(s) and volume(s)
2,750,000 options with an exercise price of 1.62 pence
d)
Aggregated information
N/A (Single transaction)

-Aggregated volume


-Price

e)
Date of the transaction
1 March 2017
f)
Place of the transaction
London Stock Exchange (XLON)

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