Revolution Beauty Group PLC Implementation of Long Term Incentive Plan (3170G)
23 Julio 2021 - 6:08AM
UK Regulatory
TIDMREVB
RNS Number : 3170G
Revolution Beauty Group PLC
23 July 2021
For Immediate Release 23 July 2021
REVOLUTION BEAUTY GROUP PLC
("Revolution Beauty", the "Group" or the "Company")
Implementation of Long Term Incentive Plan
and
PDMR and PCA dealings
Revolution Beauty Group plc (AIM:REVB), the multi-brand,
multi-category, and multi-channel mass beauty innovator with proven
global scale, announces that, in line with the proposal set out in
its recently published admission document dated 13 July 2021 (the
"Admission Document"), options over 8,064,469 ordinary shares of
GBP0.01 each ("Ordinary Shares") in aggregate were granted under
the Revolution Beauty Long Term Incentive Plan ("LTIP") to certain
of the Company's directors and other employees.
The LTIP has been established to incentivise senior management
to deliver long-term value creation for shareholders and ensure
alignment with shareholder interests.
Initial LTIP awards in respect of options over 955,567 Ordinary
Shares were made to employees who participated in a legacy share
plan and will, as far as practicable, replicate vesting periods for
that previous plan. LTIP awards in respect of options over
7,108,902 Ordinary Shares are subject to stretching performance
conditions linked to targets determined by the board. The LTIP
options have an exercise price of GBP0.01 per Ordinary Share.
As part of the above, LTIP options over Ordinary Shares were
granted on 22 July 2021 to the following PDMRs and PCAs at an
exercise price of GBP0.01 per Ordinary Share.
Name Title Total number of Ordinary
Shares over which LTIP options
granted
Andrew Clark Chief Financial Officer 225,000
------------------------------------ -------------------------------
Global Digital Director and
PCA of Chief Executive Officer
Sally Minto Adam Minto 230,014*
------------------------------------ -------------------------------
Head of Digital Development
and PCA of Non-Executive Director
Steven Griffiths Gita Samani 17,188
------------------------------------ -------------------------------
*Note that LTIP options over 117,514 Ordinary Shares granted to
Sally Minto are awards to replicate a legacy incentive plan which
is no longer in place.
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation as it forms part of UK domestic
law by virtue of the European Union (Withdrawal) Act 2018, 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 Andrew Clark
-------------------------------- ----------------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
-------------------------------- ----------------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------------- ----------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------------
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 transactions have been
conducted
--------------------------------------------------------------------------------------
a) Description Ordinary shares of GBP0.01
of the financial
instrument, ISIN: GB00BP7L1T61
type of instrument
Identification
code
-------------------------------- ----------------------------------------------------
b) Nature of Grant of options under the Revolution Beauty Long
the transaction Term Incentive Plan
-------------------------------- ----------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s)
GBP0.01 225,000
-------------------------------- --------------------- -----------------------------
d) Aggregated
information N/A - single transaction
- Aggregated
volume
- Price
-------------------------------- ----------------------------------------------------
e) Date of the 22 July 2021
transaction
-------------------------------- ----------------------------------------------------
f) Place of the Outside of trading venue
transaction
-------------------------------- ----------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Sally Minto
-------------------------------- -----------------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------------
a) Position/status Global Digital Director and PCA of Chief Executive
Officer Adam Minto
-------------------------------- -----------------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------------- -----------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------------
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 transactions have been
conducted
---------------------------------------------------------------------------------------
a) Description Ordinary shares of GBP0.01
of the financial
instrument, ISIN: GB00BP7L1T61
type of instrument
Identification
code
-------------------------------- -----------------------------------------------------
b) Nature of Grant of options under the Revolution Beauty Long
the transaction Term Incentive Plan
-------------------------------- -----------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s)
GBP0.01 230,014
-------------------------------- ---------------------- -----------------------------
d) Aggregated
information N/A - single transaction
- Aggregated
volume
- Price
-------------------------------- -----------------------------------------------------
e) Date of the 22 July 2021
transaction
-------------------------------- -----------------------------------------------------
f) Place of the Outside of trading venue
transaction
-------------------------------- -----------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Steven Griffiths
-------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------
a) Position/status Head of Digital Development and PCA of Non-Executive
Director Gita Samani
-------------------------------- -------------------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------------
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 transactions have been
conducted
-----------------------------------------------------------------------------------------
a) Description Ordinary shares of GBP0.01
of the financial
instrument, ISIN: GB00BP7L1T61
type of instrument
Identification
code
-------------------------------- -------------------------------------------------------
b) Nature of Grant of options under the Revolution Beauty Long
the transaction Term Incentive Plan
-------------------------------- -------------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s)
GBP0.01 17,188
-------------------------------- ----------------------- ------------------------------
d) Aggregated
information N/A - single transaction
- Aggregated
volume
- Price
-------------------------------- -------------------------------------------------------
e) Date of the 22 July 2021
transaction
-------------------------------- -------------------------------------------------------
f) Place of the Outside of trading venue
transaction
-------------------------------- -------------------------------------------------------
For further information:
Revolution Beauty Group plc via Buchanan
Adam Minto, Founder & CEO Tel: +44 (0) 20 7466 5000
Tom Allsworth, Founder & Executive www.revolutionbeautyplc.com
Chairman
Zeus Capital Limited
(Nominated Adviser & Broker)
Corporate Finance
Nick Cowles / Jordan Warburton Tel: +44 (0) 161 831 1512
Equity Capital Markets Tel: +44 (0) 20 3829 5000
John Goold / Dominic King www.zeuscapital.co.uk
Media enquiries:
Buchanan
Richard Oldworth / Henry Harrison-Topham Tel: +44 (0) 20 7466 5000
Sophie Wills / Kim Looringh-van
Beeck / Toto Berger
revolutionbeauty@buchanan.uk.com www.buchanan.uk.com
- Ends -
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