REG - Warpaint London PLC - Share Option Plan, Grant of Options & PDMR Holding
RNS Number : 5434NWarpaint London PLC21 May 202021 May 2020
Warpaint London PLC
("Warpaint", the "Company" or the "Group")
Implementation of Company Share Option Plan, Initial Grant of Options and Director/PDMR Shareholding
Warpaint London plc (AIM: W7L), the specialist supplier of colour cosmetics and owner of the W7 and Technic brands, announces the implementation of the Warpaint London PLC Company Share Option Plan adopted by the Company on 20 May 2020 ("CSOP") and the grant of options ("Options") on 20 May 2020 over a total of 454,686 Ordinary Shares of 25p each in the Company ("Ordinary Shares") under the CSOP.
The CSOP has been established to incentivise employees to increase shareholder value over the long term.
Included within the 454,686 Options granted are the following to Sally Craig, General Counsel & Company Secretary and other PDMRs of the Company as part of their annual remuneration and incentivisation packages:
Position
Number of options granted
Total number of options held post grant
Options and grant date
Sally Craig
General Counsel & Company Secretary
10,000
20,000
10,000 (EMI)
10,000 (CSOP)
29 June 2017
20 May 2020
Matthew Goldstein
Managing Director Retra
60,000
60,000
50,000 (CSOP)
20 May 2020
Richard Eastwood
Sales Representative
21,053
195,604
21,053 (EMI)
153,498 (LTIP)
21,053 (CSOP)
29 June 2017
21 September 2018
20 May 2020
Sandra Hewett
Financial Controller
21,053
42,106
21,053 (EMI)
21,053 (CSOP)
29 June 2017
20 May 2020
The remaining 342,580 Options granted have been awarded to members of the Company's workforce. The Options are excercisable at 49.5 pence per Ordinary Share from 20 May 2023 to 20 May 2030.
Following these grants the total number of options in issue over Ordinary Shares is 4,542,988.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
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
Sally Craig
2
Reason for the notification
a)
Position/status
General Counsel & Company Secretary
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Warpaint London PLC
b)
LEI
213800EBJ2CN6KIDCO78
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
Identification code
Ordinary shares of 25p
W7 ISIN: GB00BYMF3676
b)
Nature of the transaction
Grant of Option
c)
Price(s) and volume(s)
Price(s)
Volume(s)
49.5p
10,000
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transactione)
Date of the transaction
20 May 2020
f)
Place of the transaction
Outside a Trading Venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Matthew Goldstein
2
Reason for the notification
a)
Position/status
Managing Director Retra
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Warpaint London PLC
b)
LEI
213800EBJ2CN6KIDCO78
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
Identification code
Ordinary shares of 25p
W7 ISIN: GB00BYMF3676
b)
Nature of the transaction
Grant of Option
c)
Price(s) and volume(s)
Price(s)
Volume(s)
49.5p
60,000
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transactione)
Date of the transaction
20 May 2020
f)
Place of the transaction
Outside a Trading Venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Richard Eastwood
2
Reason for the notification
a)
Position/status
Sales Representative
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Warpaint London PLC
b)
LEI
213800EBJ2CN6KIDCO78
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
Identification code
Ordinary shares of 25p
W7 ISIN: GB00BYMF3676
b)
Nature of the transaction
Grant of Option
c)
Price(s) and volume(s)
Price(s)
Volume(s)
49.5 p
21,053
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transactione)
Date of the transaction
20 May 2020
f)
Place of the transaction
Outside a Trading Venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Sandra Hewett
2
Reason for the notification
a)
Position/status
Financial Controller
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Warpaint London PLC
b)
LEI
213800EBJ2CN6KIDCO78
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
Identification code
Ordinary shares of 25p
W7 ISIN: GB00BYMF3676
b)
Nature of the transaction
Grant of Option
c)
Price(s) and volume(s)
Price(s)
Volume(s)
49.5 p
21,053
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transactione)
Date of the transaction
20 May 2020
f)
Place of the transaction
Outside a Trading Venue
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
Enquiries:
Warpaint London
Keith Sadler - Chairman of the Remuneration Committee
c/o IFC
Shore Capital (Nominated Adviser and Joint Broker)
Antonio Bossi - Corporate Advisory
Daniel Bush - Corporate Advisory
Fiona Conroy - Corporate Broking
020 7408 4090
N+1 Singer (Joint Broker)
Shaun Dobson - Corporate Finance
Alex Bond - Corporate Finance
020 7496 3000
IFC Advisory (Financial PR & IR)
Tim Metcalfe
Graham Herring
Florence Chandler
020 3934 6630
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