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RNS Number : 4610E Nightcap PLC 30 June 2023
30 June 2023
Nightcap plc
("Nightcap" or the "Company" or the "Group")
Grant of share options
Nightcap (AIM: NGHT), the operator of The Cocktail Club, the Adventure Bar
Group, Barrio Familia and the Dirty Martini group of bars, announces that it
has granted a total of 1,160,000 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.
1,000,000 Options have been granted to Adam Dilks who is a person discharging
managerial responsibilities ("PDMR"). The other 160,000 Options have been
granted to Group employees.
All of the Options have been granted with an exercise price of 11.00 pence,
which represents the closing mid-market share price on 29 June 2023. 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
subject to the Group achieving EBITDA profitability targets based on the
audited accounts in the prior accounting year at the time of exercise.
Following these Option grants, Nightcap's entire option pool is now equivalent
to 11.3% of the Company's issued ordinary share capital.
The FCA notification, made in accordance with the requirements of the UK
Market Abuse Regulation is 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 Adam Dilks
2. Reason for the Notification
a) Position/status Group People Director (non Board senior manager)
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 11.00 pence per share 1,000,000 options
d) Aggregated information: n/a
- Aggregated volume
- Price
e) Date of the transaction 29 June 2023
f) Place of the transaction Outside a trading venue
d)
Aggregated information:
- Aggregated volume
- Price
n/a
e)
Date of the transaction
29 June 2023
f)
Place of the transaction
Outside a trading venue
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