REG - Revel Collective PLC - Share Options and Director/PDMR Shareholding
06/12/2024 10:00
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RNS Number : 1437P Revel Collective PLC (The) 06 December 2024
06 December 2024
The Revel Collective plc
("Revel Collective" or the "Company")
Exercise of Share Options, Director/PDMR Shareholding, Issue of Equity and TVR
The Revel Collective plc (AIM: TRC) announces that various holders of
Restricted Share Awards granted between 2020 and 2023 under the Performance
Share Plan ("PSP") (which since amendment in December 2020 has been operated
as a Restricted Share Award ("RSA") scheme) have exercised their awards in
respect of an aggregate of 4,089,544 new ordinary shares of £0.001 each in
the Company ("Ordinary Shares"), at the exercise price of £0.001 per Ordinary
Share. Certain Directors and PDMR's have also opted to exercise awards and
details of these are included below. The Company has therefore made
application for 4,089,544 new Ordinary Shares to be admitted to trading on
AIM, with admission of the new Ordinary Shares expected on 10 December 2024
("Admission").
Director/PDMR Dealings:
Name Position 2020 Award 2021 Award Total no of New Ordinary Shares*
Rob Pitcher CEO 475,759 1,519.149 1,994,908
Danielle Davies CFO 244,676 781,277 1,025,953
Andrew Dyson Property Director 56,819 183,728 240,547
Beth Anderson People Director 56,819 183,728 240,547
Fiona Hall Commercial Director 30,585 183,728 214,313
*Gross number, prior to selling a sufficient number of Ordinary Shares to
cover nominal option cost, tax and national insurance costs where applicable).
Where such holders have sold a sufficient number of the resulting new Ordinary
Shares to cover their liability in respect of nominal cost of options, income
tax and national insurance contributions (arising from the exercise) and
dealing costs in respect of the new Ordinary Shares sold, such sales having
been organised via Cavendish Capital Markets Limited ("Cavendish"). The net
remaining new Ordinary Shares have been retained by each of the holders and,
in the case of Rob Pitcher and Danielle Davies, are required to be retained
until at least 24 December 2025 in respect of the awards granted on 24
December 2020 and until at least 23 November 2026 in respect of the awards
granted on 23 November 2021.
Following these transactions, Directors and PDMRs retain the following
interests in the Company
Name Position Residual holdings % holding
Rob Pitcher CEO 10,201,410 0.679
Danielle Davies CFO 1,916,722 0.127
Andrew Dyson Property Director 138,894 0.009
Beth Anderson People Director 240,547 0.016
Fiona Hall Commercial Director 214.313 0.016
Application for Admission
Application has been made for the aggregate 4,089,544 new Ordinary Shares to
be admitted to trading on AIM and it is expected that Admission will become
effective at 8.00 am on 10 December 2024. Sales of the New Ordinary Shares as
referred to above are conditional on Admission.
Total Voting Rights
With effect from Admission, the Company will have in issue 1,501,906,769
Ordinary Shares and each Ordinary Share entitles the holder to a single vote
at general meetings of the Company. The Company does not hold any Ordinary
Shares in treasury. The figure of 1,501,906,769 may be used by shareholders of
the Company as the denominator for the calculation by which they determine if
they are required to notify their interest in, or change to their interest in,
the Company under the FCA's Disclosure Guidance and Transparency Rules.
Enquiries:
The Revel Collective plc Tel: 0161 330 3876
Rob Pitcher, CEO
Danielle Davies, CFO
Cavendish Capital Markets, Nominated Adviser & Broker Tel: 020 7220 0500
Matt Goode / Teddy Whiley / Hamish Waller (Corporate Finance)
Tim Redfern / Harriet Ward (ECM)
Instinctif (Financial PR) Tel: 07831 379122
Matt Smallwood
Justine Warren
The person responsible for arranging release of this announcement on behalf of
Revolution Bars Group plc is Danielle Davies, Chief Financial Officer &
Company Secretary.
The following information relating to the transactions by each of the
Directors and PDMRs has been filed with the Financial Conduct Authority in
accordance with Article 19(1) of UK MAR.
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 Rob Pitcher
2 Reason for the notification
a) Position/status Chief Executive Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name The Revel Collective plc
b) LEI 213800QG159LSTF5IH69
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 £0.001
Identification code
GB00BVDPPV41
b) Nature of the transaction A. Exercise of awards/options under Performance Share Plan (Restricted
Share Award scheme) over Ordinary Shares
B. Sale of Ordinary Shares to settle liability for nominal option price,
income tax and national insurance contributions (arising from the exercise)
and dealing costs of the sale
c) Price(s) and volume(s) Price No. of shares
A. £0.001 per share 1,994,908
B. £0.005 per share 1,293,498
d) Aggregated information As per section c above
- Aggregated volume
- Price
e) Date of the transaction 5 December2024
f) Place of the transaction A. Off market transaction
B. London Stock Exchange
d)
Aggregated information
- Aggregated volume
- Price
As per section c above
e)
Date of the transaction
5 December2024
f)
Place of the transaction
A. Off market transaction
B. London Stock Exchange
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Danielle Davies
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 The Revel Collective plc
b) LEI 213800QG159LSTF5IH69
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 £0.001
Identification code
GB00BVDPPV41
b) Nature of the transaction A. Exercise of awards/options under Performance Share Plan (Restricted
Share Award scheme) over Ordinary Shares
B. Sale of Ordinary Shares to settle liability for nominal option price,
income tax and national insurance contributions (arising from the exercise)
and dealing costs of the sale
c) Price(s) and volume(s) Price No. of shares
A. £0.001 per share 1,025,953
B. £0.005 per share 665,224
d) Aggregated information As per section c above
- Aggregated volume
- Price
e) Date of the transaction 5 December 2024
f) Place of the transaction A. Off market transaction
B. London Stock Exchange
d)
Aggregated information
- Aggregated volume
- Price
As per section c above
e)
Date of the transaction
5 December 2024
f)
Place of the transaction
A. Off market transaction
B. London Stock Exchange
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Andrew Dyson
2 Reason for the notification
a) Position/status Property Director
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name The Revel Collective plc
b) LEI 213800QG159LSTF5IH69
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 £0.001
Identification code
GB00BVDPPV41
b) Nature of the transaction A. Exercise of awards/options under Performance Share Plan (Restricted
Share Award scheme) over Ordinary Shares
B. Sale of ordinary shares of £0.001 to settle liability for nominal
option price, income tax and national insurance contributions (arising from
the exercise) and dealing costs of the sale
c) Price(s) and volume(s) Price No. of shares
A. £0.001 per share 240,547
B. £0.005 per share 155,864
d) Aggregated information As per section c above
- Aggregated volume
- Price
e) Date of the transaction 5 December 2024
f) Place of the transaction A. Off market transaction
B. London Stock Exchange
d)
Aggregated information
- Aggregated volume
- Price
As per section c above
e)
Date of the transaction
5 December 2024
f)
Place of the transaction
A. Off market transaction
B. London Stock Exchange
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Fiona Hall
2 Reason for the notification
a) Position/status Commercial Director
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name The Revel Collective plc
b) LEI 213800QG159LSTF5IH69
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 £0.001
Identification code
GB00BVDPPV41
b) Nature of the transaction A. Exercise of awards/options under Performance Share Plan (Restricted
Share Award scheme) over Ordinary Shares
c) Price(s) and volume(s) Price No. of shares
A. £0.001 per share 214,313
d) Aggregated information As per section c above
- Aggregated volume
- Price
e) Date of the transaction 5 December2024
f) Place of the transaction A. Off market transaction
d)
Aggregated information
- Aggregated volume
- Price
As per section c above
e)
Date of the transaction
5 December2024
f)
Place of the transaction
A. Off market transaction
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Beth Anderson
2 Reason for the notification
a) Position/status People Director
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name The Revel Collective plc
b) LEI 213800QG159LSTF5IH69
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 £0.001
Identification code
GB00BVDPPV41
b) Nature of the transaction A. Exercise of awards/options under Performance Share Plan (Restricted
Share Award scheme) over Ordinary Shares
c) Price(s) and volume(s) Price No. of shares
A. £0.001 per share 240,547
d) Aggregated information As per section c above
- Aggregated volume
- Price
e) Date of the transaction 5 December 2024
f) Place of the transaction A. Off market transaction
d)
Aggregated information
- Aggregated volume
- Price
As per section c above
e)
Date of the transaction
5 December 2024
f)
Place of the transaction
A. Off market transaction
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