REG - Nightcap PLC - Grant of share options

NightcapAnnouncement

15/12/2022 07:00

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RNS Number : 7573J  Nightcap PLC  15 December 2022

15 December 2022

 

Nightcap plc

("Nightcap" or the "Company" or the "Group")

 

Grant of share options

 

Nightcap (AIM: NGHT), the owner of The Cocktail Club, the Adventure Bar Group
and the Barrio Familia group of bars, announces that it has granted a total of
2,690,000 share options to a number of the Group's employees (the "Options").
The Options have been granted pursuant to Nightcap's existing share option
plans, and include grants under the Company Share Option Plan ("CSOP") and the
grant of unapproved options.  All of the Options have been granted on the
same terms.

 

1,500,000 Options have been granted to Elizabeth Hills and Thomas Kidd who are
persons discharging managerial responsibilities ("PDMRs"). The other 1,190,000
Options have been granted to Group employees.

 

All of the Options have been granted with an exercise price of 10 pence,
representing a premium of 17.6% to the closing mid-market share price on 14
December 2022. The Options will become exercisable from the third anniversary
of the grants until the tenth anniversary of the date of the grant, but will
only be exercisable when and if the Company was profitable in the prior
accounting year (for these purposes, "profitable" means taking the Company's
reported consolidated profit before tax for the relevant prior accounting year
and adding back interest, depreciation and amortisation, exceptional items and
non-recurring costs).

 

Following these Option grants, Nightcap's entire option pool is now equivalent
to 12.16% of the Company's issued ordinary share capital.

 

The FCA notifications, made in accordance with the requirements of the UK
Market Abuse Regulation are appended further below.

 

 

For further enquiries:

 Nightcap plc

 Sarah Willingham / Toby Rolph / Gareth Edwards                             email@nightcapplc.com (mailto:email@nightcapplc.com)

 Allenby Capital Limited (Nominated Adviser and Broker)                     +44 (0) 20 3328 5656

 Nick Naylor / Alex Brearley / Piers Shimwell (Corporate Finance)           www.allenbycapital.com (http://www.allenbycapital.com/)

 Jos Pinnington / Amrit Nahal / Tony Quirke (Sales and Corporate Broking)

 Bright Star Digital (PR)                                                   https://www.brightstardigital.co.uk/ (https://www.brightstardigital.co.uk/)

 Pam Lyddon                                                                 +44 (0) 7534 500 829

                                                                            pamlyddon@brightstardigital.co.uk (mailto:pamlyddon@brightstardigital.co.uk)

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Elizabeth Hills
 2.  Reason for the Notification
 a)  Position/status                                              Group Director of Finance
 b)  Initial notification/Amendment                               Initial Notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Nightcap plc
 b)  LEI                                                          213800MVK2M2T12TZA46
 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  Grant of options over ordinary shares of 1p each

     Identification code                                          ISIN: GB00BLKGVD49
 b)  Nature of the transaction                                    Grant of options
 c)  Price(s) and volume(s)                                       Price(s)                              Volume(s)
                                                                  Exercise price of 10 pence per share  1,000,000 options
 d)  Aggregated information:                                      n/a

     - Aggregated volume

     - Price
 e)  Date of the transaction                                      14 December 2022
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information:

- Aggregated volume

- Price

n/a

e)

Date of the transaction

14 December 2022

f)

Place of the transaction

Outside a trading venue

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Thomas Kidd
 2.  Reason for the Notification
 a)  Position/status                                              Co-Managing Director, Adventure Bar Group
 b)  Initial notification/Amendment                               Initial Notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Nightcap plc
 b)  LEI                                                          213800MVK2M2T12TZA46
 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  Grant of options over ordinary shares of 1p each

     Identification code                                          ISIN: GB00BLKGVD49
 b)  Nature of the transaction                                    Grant of options
 c)  Price(s) and volume(s)                                       Price(s)                              Volume(s)
                                                                  Exercise price of 10 pence per share  500,000 options
 d)  Aggregated information:                                      n/a

     - Aggregated volume

     - Price
 e)  Date of the transaction                                      14 December 2022
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information:

- Aggregated volume

- Price

n/a

e)

Date of the transaction

14 December 2022

f)

Place of the transaction

Outside a trading venue

 

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