15 December 2022
Nightcap plc
("Nightcap" or the "Company" or the "Group")
Grant of share options
Nightcap (AIM: NGHT), the owner of The Cocktail Club, the Adventure Bar Group and the Barrio Familia group of bars, announces that it has granted a total of 2,690,000 share options to a number of the Group's employees (the "Options"). The Options have been granted pursuant to Nightcap's existing share option plans, and include grants under the Company Share Option Plan ("CSOP") and the grant of unapproved options. All of the Options have been granted on the same terms.
1,500,000 Options have been granted to Elizabeth Hills and Thomas Kidd who are persons discharging managerial responsibilities ("PDMRs"). The other 1,190,000 Options have been granted to Group employees.
All of the Options have been granted with an exercise price of 10 pence, representing a premium of 17.6% to the closing mid-market share price on 14 December 2022. The Options will become exercisable from the third anniversary of the grants until the tenth anniversary of the date of the grant, but will only be exercisable when and if the Company was profitable in the prior accounting year (for these purposes, "profitable" means taking the Company's reported consolidated profit before tax for the relevant prior accounting year and adding back interest, depreciation and amortisation, exceptional items and non-recurring costs).
Following these Option grants, Nightcap's entire option pool is now equivalent to 12.16% of the Company's issued ordinary share capital.
The FCA notifications, made in accordance with the requirements of the UK Market Abuse Regulation are appended further below.
For further enquiries:
| Nightcap plc Sarah Willingham / Toby Rolph / Gareth Edwards |
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Allenby Capital Limited (Nominated Adviser and Broker) Nick Naylor / Alex Brearley / Piers Shimwell (Corporate Finance) Jos Pinnington / Amrit Nahal / Tony Quirke (Sales and Corporate Broking)
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+44 (0) 20 3328 5656
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| Bright Star Digital (PR) Pam Lyddon | https://www.brightstardigital.co.uk/ +44 (0) 7534 500 829 pamlyddon@brightstardigital.co.uk
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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 | Elizabeth Hills | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Group Director of Finance | ||||
| b) | Initial notification/Amendment | Initial Notification | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Nightcap plc | ||||
| b) | LEI | 213800MVK2M2T12TZA46 | ||||
| 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 | Grant of options over ordinary shares of 1p each
| ||||
| Identification code | ISIN: GB00BLKGVD49 | |||||
| b) | Nature of the transaction | Grant of options | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information: - Aggregated volume - Price | n/a | ||||
| e) | Date of the transaction | 14 December 2022 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Thomas Kidd | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Co-Managing Director, Adventure Bar Group | ||||
| b) | Initial notification/Amendment | Initial Notification | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Nightcap plc | ||||
| b) | LEI | 213800MVK2M2T12TZA46 | ||||
| 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 | Grant of options over ordinary shares of 1p each
| ||||
| Identification code | ISIN: GB00BLKGVD49 | |||||
| b) | Nature of the transaction | Grant of options | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information: - Aggregated volume - Price | n/a | ||||
| e) | Date of the transaction | 14 December 2022 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
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