19 April 2023
B90 Holdings plc
("B90", the "Company" or the "Group")
Grant of Options
B90 Holdings (AIM: B90), the online marketing and operating company for the gaming industry, announces that it has granted options over, in aggregate, 11,500,000 ordinary shares of no par value ("Ordinary Shares") to certain directors and employees of the Company (the "Options").
The Options have an exercise price of 6.2p per share, being the latest closing mid-market price per Ordinary Share prior to grant. The terms of the Options are the same as the terms of the Company's Long Term Incentive Plan - May 2016 (as amended) . The Options will vest in equal instalments over the four years following the first anniversary of the date of grant and any of the Options that remain unexercised on the fifth anniversary of the date of grant will lapse. Details of the Options that have been granted to Directors are summarised in the table below:
| Individual(s) | Number of Options granted | Grant date | Exercise price | Total number of options following this issue |
| Ronny Breivik | 3,000,000 | 18-Apr-23 | 6.2p | 6,000,000 |
| Marcel Noordeloos | 3,000,000 | 18-Apr-23 | 6.2p | 8,100,000 |
| Mark Rosman | 3,000,000 | 18-Apr-23 | 6.2p | 6,550,000 |
| Martin Fleisje | 750,000 | 18-Apr-23 | 6.2p | 750,000 |
Following today's grant of Options, the Company has, in aggregate, 34,455,000 options outstanding, representing approximately 12.2% of its issued share capital.
| 1 | Details of the persons discharging managerial responsibilities | ||||||||
| a) | Name | 1. Ronny Breivik 2. Marcel Noordeloos 3. Mark Rosman 4. Martin Fleisje
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| 2 | Reason for the notification | ||||||||
| a) | Position/status | 1. (Interim) Executive Chairman 2. Finance Director 3. Non-Executive Director 4. Non-Executive Director | |||||||
| b) | Initial notification /Amendment | Initial notification | |||||||
| 3 | Details of the issuer | ||||||||
| a) | Name | B90 Holdings plc | |||||||
| b) | LEI | 2138007KWLZHV5I1A979
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| 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
| Options over Ordinary Shares of no par value | |||||||
| Identification code | ISIN for Ordinary Shares: IM00BYT32K14
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| b) | Nature of the transaction | Grant of options | |||||||
| c) | Price(s) and volume(s) |
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| d) | Aggregated information - Aggregated volume - Price
| - Options over 9,750,000 shares - 6.2p per share (exercise price) | |||||||
| e) | Date of the transaction | 18 April 2023 | |||||||
| f) | Place of the transaction | Outside a trading venue. New Ordinary Shares issued on exercise of options will be admitted to trading on AIM, London Stock Exchange
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For further information please contact:
B90 Holdings plc +44 (0)1624 605 764
Ronny Breivik, Interim Executive Chairman
Marcel Noordeloos, Chief Financial Officer
Strand Hanson Limited (Nominated Adviser) +44 (0)20 7409 3494
James Harris / Richard Johnson / Rob Patrick
Zeus Capital Limited (Broker) +44 (0)20 3829 5000
Louisa Waddell / Tim Dainton
Belvedere (Financial PR & IR) +44 (0)20 3008 6864
John West / Llewellyn Angus
About B90 Holdings plc
B90 Holdings plc is a group of companies focused on the operation of its own online Sportsbook and Casino product as well as marketing activities for other online gaming companies.
Website: www.b90holdings.com
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