REG - Quiz PLC - Grant of Options and Director Dealings

QuizAnnouncement

19/01/2022 07:05

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RNS Number : 8759Y  Quiz PLC  19 January 2022

 

 

 

 

 

 

19 January 2022

QUIZ Plc

("QUIZ" or the "Group")

 

Grant of Options and Director Dealings

 

QUIZ, the omni-channel fashion brand, is pleased to announce that on 18
January 2022, the Group's Remuneration Committee and the Board approved the
grant of options over an aggregate of 1,523,000 ordinary shares of 0.3 pence
each ("Ordinary Shares") to 36 employees, including Gerard Sweeney, Chief
Financial Officer, pursuant to its Company Share Option Plan and Employee
Share Option Plan (the "Option Plans").

The options granted have a vesting period of three years from grant, a total
exercise period of ten years from grant and an exercise price of 17.00 pence
per Ordinary Share (being the closing mid-market price of an Ordinary Share on
the dealing day immediately preceding the date of grant).

 

The grant of options comprises options over 200,000 Ordinary Shares to Gerard
Sweeney, Chief Financial Officer, and options over 1,323,000 Ordinary Shares
in aggregate to 35 other senior managers and employees.

 

Following the above grants:

·    Gerard Sweeney's interest in Ordinary Shares amounts to 12,422 shares
representing 0.01% of the issued ordinary share capital of the Company held
personally and 380,600 Ordinary Shares under option pursuant to the Options
Plans; and

·    the Company has a total of 2,978,436 Ordinary Shares under option and
a warrant instrument which allows for 186,335 Ordinary Shares to be subscribed
for at 80.5 pence per Ordinary Share.  In aggregate, these arrangements
relate to 3,164,771 Ordinary Shares representing approximately 2.55% of the
issued ordinary share capital of the Company.

The Group's Remuneration Committee believes that the grant of these options
ensures that the key employees remain appropriately incentivised to enhance
shareholder value.

 

Enquiries:

 

 QUIZ plc                                  Via Hudson Sandler
 Tarak Ramzan, Chief Executive Officer

 Gerry Sweeney, Chief Financial Officer

 Sheraz Ramzan, Chief Commercial Officer

 Panmure Gordon                            +44 (0) 207 886 2500

 (Nominated Adviser and Sole Broker)

 Alina Vaskina (Corporate Finance)

 Erik Anderson (Corporate Broking)

 Hudson Sandler LLP (Public Relations)     +44 (0) 207 796 4133
 Alex Brennan / Lucy Wollam                quiz@hudsonsandler.com (mailto:quiz@hudsonsandler.com)

 

Notes:

This announcement contains inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 as it forms part of UK domestic law by virtue of
the European Union (Withdrawal) Act 2018 ("MAR").

 

About QUIZ:

QUIZ is an omni-channel fashion brand, specialising in occasion wear and
dressy casual wear. QUIZ delivers a distinct proposition that empowers its
fashion forward customers to stand out from the crowd.

 

QUIZ's buying and design teams constantly develop its own product lines,
ensuring the latest glamorous looks at value prices. This fast, flexible
supply chain, together with the winning formula of style, quality, value and
speed-to-market has enabled QUIZ to grow rapidly into an international brand
with stores, concessions, franchise stores, wholesale partners and
international online partners.

 

QUIZ operates through an omni-channel business model, which encompasses online
sales, standalone stores, concessions, international franchises and wholesale
arrangements.

 

To download images please visit:
http://www.quizgroup.co.uk/media-download-centre/
(http://www.quizgroup.co.uk/media-download-centre/)

For further information:

https://www.quizclothing.co.uk/ (https://www.quizclothing.co.uk/)

http://www.quizgroup.co.uk/ (http://www.quizgroup.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)   Names                                                        Gerard Sweeney

 2    Reason for the notification

 a)   Position/status                                              Chief Financial Officer

 b)   Initial notification /Amendment                              Initial Notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         QUIZ plc

 b)   LEI                                                          213800A3QTOPTGSTNZ78

 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  Ordinary Shares of 0.3p each

 b)   Identification code                                          ISIN: JE00BZ00SF59

 c)   Nature of the transaction                                    Grant of options over Ordinary Shares

 d)   Price(s) and volume(s)                                       The grant of 200,000 options over Ordinary shares with an exercise price of

                                                                 17.00 pence.

 d)   Aggregated information                                       N/A - single transaction

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      18 January 2020

 f)   Place of the transaction                                     Outside a trading venue

 

 

 

 

 

 

 

 

 

 

 

 

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