In The Style Group PLC Issue of Options and Director/PDMR Notification (3119G)
29 Marzo 2022 - 12:01AM
UK Regulatory
TIDMITS
RNS Number : 3119G
In The Style Group PLC
29 March 2022
29 March 2022
In The Style Group Plc
(the "Company" or the "Group")
Issue of Options and Director/PDMR Notification
In The Style announces that a total of 1,574,999 options
("Options") over the Company's ordinary shares of GBP0.0025 each
("Ordinary Shares") have been issued to Sam Perkins, CEO.
The Options were granted under the Company's existing EMI Scheme
adopted on 9 March 2021, and have an exercise price of GBP0.91,
which is the closing mid-market price of the Company's existing
ordinary shares on 23 January 2022, the latest practicable date
prior to the issue of the Options.
The Options will vest in tranches of one third on the first,
second and third anniversary of the date of issue and expire 10
years from the date of issue. Vesting or exercise of the Options is
not dependent on performance criteria and none of the Options can
be exercised until the third anniversary of the date of issue.
Following the grant of the Options, the total number of Ordinary
Shares outstanding under all Group EMI option schemes is 3,437,499,
representing 6.5 per cent. of the Company's issued share
capital.
ENDS
Enquiries
In The Style Group plc Via Hudson Sandler
Jim Sharp, Non-Executive Chairman
Liberum Capital Limited (Nomad
and Broker)
Clayton Bush
Scott Mathieson
Ed Thomas
Miquela Bezuidenhoudt +44 (0)20 3100 2000
Hudson Sandler +44(0)20 7796 4133
Alex Brennan inthestyle@hudsonsandler.com
Lucy Wollam
Jake Brown
Notes to Editors
In The Style is a fast-growing digital womenswear fashion brand
with an innovative social media influencer collaboration model.
Founded in 2013 by entrepreneur Adam Frisby, the brand champions
female empowerment, inclusivity, body positivity and real
beauty.
The brand's innovative and highly adaptable influencer
collaboration model, which sees it work with influencers on a
long-term basis to collaboratively design, develop and promote
branded collections, differentiates it from competitors.
In The Style currently partners with a stable of more than 15
social media influencers, including Stacey Solomon, Dani Dyer,
Jacqueline Jossa and Billie Faiers. Together they enjoy a combined
global social media reach of almost 30m followers
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 Sam Perkins
-------------------------- --------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status Chief Executive Officer
-------------------------- --------------------------------------------
b) Initial notification Initial Notification
/Amendment
-------------------------- --------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name In The Style Group Plc
-------------------------- --------------------------------------------
b) LEI 2138007SBFARUPP3OP60
-------------------------- --------------------------------------------
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, Options over Ordinary shares of GBP0.0025
type of instrument each
Identification code ISIN: GB00BMXMR838
-------------------------- --------------------------------------------
b) Nature of the transaction Grant of share options under the
Company's EMI Scheme
-------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.91 1,574,999
----------
-------------------------- --------------------------------------------
d) Aggregated information
- Aggregated volume N/A
- Price GBP0.91
-------------------------- --------------------------------------------
e) Date of the transaction 24 January 2022
-------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- --------------------------------------------
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END
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