Grant of options to Key Team Members

S-Ventures

17/06/2021 16:37

RNS Number : 3011C

S-Ventures PLC

17 June 2021

 

17 June 2021    

 

 

S-VENTURES PLC

("S-Ventures" or the "Company")

Grant of options to Key Team Members

 

S-Ventures PLC (UK AQUIS Ticker code 'SVEN', US OTCQB ticker code 'SVTPF') is pleased to announce the grant of options to certain key non board team members following its recent acquisition of Ohso Chocolate Limited and We love Purely Limited.               

Options over 2,407,528 shares have been issued at an exercise price of 9p, the mid-market share price, when 75.1% interest acquisitions in both of We Love Purely and Ohso Chocolate were announced respectively on 22 January 2021 and 17 February 2021 ("Options"). Of these Options,  537,492 can vest immediately and the balance of 1,870,036 over the next 18 months on the attainment of certain trading targets. The life of the Options is 10 years.          

The directors of the issuer accept responsibility for the contents of this announcement.

 

For further information, please contact:

 

The Company
Robert Hewitt +44 (0) 1932 400 224
AQSE Corporate Adviser:
Peterhouse Capital Limited
Guy Miller/Allie Feuerlein +44 (0) 20 7469 0936


 

 

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