REG - Revolution Beauty Gp - Grant of Share Options

Revolution BeautyAnnouncement

19/09/2023 07:00

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RNS Number : 8339M  Revolution Beauty Group PLC  19 September 2023

 For immediate release  19 September 2023

 

 

REVOLUTION BEAUTY GROUP PLC

("Revolution Beauty", the "Group" or the "Company")

 

Grant of Share Options

 

Revolution Beauty Group plc (AIM: REVB), the multi-channel mass beauty
innovator, announces that on 18 September 2023, the Group has granted Lauren
Brindley, Chief Executive Officer, an option over 5,000,000 ordinary shares of
£0.01 each in the Group (the "Option", "Ordinary Shares") under the terms of
the Company's Long Term Incentive Plan ("LTIP").

The Option has an exercise price of £0.27 per Ordinary Share and is not
subject to performance conditions other than continued employment by the
Group. 1,250,000 of the Ordinary Shares under option vest immediately, with
further tranches of 1,250,000 Ordinary Shares vesting annually thereafter.
Once vested, each tranche of Ordinary Shares has a 12 month holding period
before those Ordinary Shares can be disposed of.

 

 1.   Details of PDMR
 (a)  Name                                     Lauren Brindley

 2.   Reason for notification
 (b)  Position / status                        Chief Executive Officer

 (c)  Initial notification / amendment         Initial notification
 3.   Details of the Issuer
 (a)  Name                                     Revolution Beauty Group plc
 (b)  LEI                                      21380083TTJWXK677H17
 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 transaction(s) have been conducted
 (a)  Description of the financial instrument  Ordinary shares of £0.01 each in the capital of the Company ("Shares")

                                               ISIN: GB00BP7L1T61
 (b)  Nature of the transaction                Grant of options under the Revolution Beauty Long Term Incentive Plan
 (c)  Price(s) and volume                      Price(s)                              Volume (s)

                                               Exercise Price £0.27                  5,000,000

 (d)  Aggregated information                   N/A - single transaction
 (e)  Date of the transaction                  18 September 2023
 (f)  Place of the transaction                 Outside a trading venue

 

 

For further information please contact:

 Investor Relations                                               Investor.Relations@revolutionbeautyplc.com

 Elizabeth Lake
 Joint Corporate Brokers

 Zeus (NOMAD): Nick Cowles /Jamie Peel /Jordan Warburton          Tel: +44 (0) 161 831 1512

 Liberum: Clayton Bush / Edward Thomas / Miquela Bezuidenhoudt    Tel: +44 (0) 203 100 2222
 Media enquiries                                                  Tel: +44 (0)20 3805 4822

 Headland Consultancy                                             Revolutionbeauty@headlandconsultancy.com

 Matt Denham / Will Smith / Antonia Pollock

 

The person responsible for arranging the release of this announcement on
behalf of the Company is Elizabeth Lake, the Chief Financial Officer of the
Company.

 

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