06 December 2024
The Revel Collective plc
("Revel Collective" or the "Company")
Exercise of Share Options, Director/PDMR Shareholding, Issue of Equity and TVR
The Revel Collective plc (AIM: TRC) announces that various holders of Restricted Share Awards granted between 2020 and 2023 under the Performance Share Plan ("PSP") (which since amendment in December 2020 has been operated as a Restricted Share Award ("RSA") scheme) have exercised their awards in respect of an aggregate of 4,089,544 new ordinary shares of
Director/PDMR Dealings:
|
Name |
Position |
2020 Award |
2021 Award |
Total no of New Ordinary Shares* |
|
Rob Pitcher |
CEO |
475,759 |
1,519.149 |
1,994,908 |
|
Danielle Davies |
CFO |
244,676 |
781,277 |
1,025,953 |
|
Andrew Dyson |
Property Director |
56,819
|
183,728 |
240,547
|
|
Beth Anderson |
People Director |
56,819 |
183,728 |
240,547 |
|
Fiona Hall |
Commercial Director |
30,585 |
183,728 |
214,313 |
*Gross number, prior to selling a sufficient number of Ordinary Shares to cover nominal option cost, tax and national insurance costs where applicable).
Where such holders have sold a sufficient number of the resulting new Ordinary Shares to cover their liability in respect of nominal cost of options, income tax and national insurance contributions (arising from the exercise) and dealing costs in respect of the new Ordinary Shares sold, such sales having been organised via Cavendish Capital Markets Limited ("Cavendish"). The net remaining new Ordinary Shares have been retained by each of the holders and, in the case of Rob Pitcher and Danielle Davies, are required to be retained until at least 24 December 2025 in respect of the awards granted on 24 December 2020 and until at least 23 November 2026 in respect of the awards granted on 23 November 2021.
Following these transactions, Directors and PDMRs retain the following interests in the Company
|
Name |
Position |
Residual holdings |
% holding |
|
Rob Pitcher |
CEO |
10,201,410 |
0.679 |
|
Danielle Davies |
CFO |
1,916,722 |
0.127 |
|
Andrew Dyson |
Property Director |
138,894 |
0.009 |
|
Beth Anderson |
People Director |
240,547 |
0.016 |
|
Fiona Hall |
Commercial Director |
214.313 |
0.016 |
Application for Admission
Application has been made for the aggregate 4,089,544 new Ordinary Shares to be admitted to trading on AIM and it is expected that Admission will become effective at 8.00 am on 10 December 2024. Sales of the New Ordinary Shares as referred to above are conditional on Admission.
Total Voting Rights
With effect from Admission, the Company will have in issue 1,501,906,769 Ordinary Shares and each Ordinary Share entitles the holder to a single vote at general meetings of the Company. The Company does not hold any Ordinary Shares in treasury. The figure of 1,501,906,769 may be used by shareholders of the Company as the denominator for the calculation by which they determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Enquiries:
|
The Revel Collective plc |
Tel: 0161 330 3876 |
|
Rob Pitcher, CEO Danielle Davies, CFO |
|
|
Cavendish Capital Markets, Nominated Adviser & Broker |
Tel: 020 7220 0500 |
|
Matt Goode / Teddy Whiley / Hamish Waller (Corporate Finance) Tim Redfern / Harriet Ward (ECM) |
|
|
Instinctif (Financial PR) |
Tel: 07831 379122 |
|
Matt Smallwood Justine Warren |
|
The person responsible for arranging release of this announcement on behalf of Revolution Bars Group plc is Danielle Davies, Chief Financial Officer & Company Secretary.
The following information relating to the transactions by each of the Directors and PDMRs has been filed with the Financial Conduct Authority in accordance with Article 19(1) of
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 |
Rob Pitcher |
|||||||||
|
2 |
Reason for the notification |
||||||||||
|
a) |
Position/status |
Chief Executive Officer |
|||||||||
|
b) |
Initial notification /Amendment |
Initial notification |
|||||||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||||||||
|
a) |
Name |
The Revel Collective plc |
|||||||||
|
b) |
LEI |
213800QG159LSTF5IH69 |
|||||||||
|
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
GB00BVDPPV41 |
|||||||||
|
b) |
Nature of the transaction |
A. Exercise of awards/options under Performance Share Plan (Restricted Share Award scheme) over Ordinary Shares B. Sale of Ordinary Shares to settle liability for nominal option price, income tax and national insurance contributions (arising from the exercise) and dealing costs of the sale |
|||||||||
|
c) |
Price(s) and volume(s) |
|
|||||||||
|
d) |
Aggregated information - Aggregated volume - Price |
As per section c above
|
|||||||||
|
e) |
Date of the transaction |
5 December2024 |
|||||||||
|
f) |
Place of the transaction |
A. Off market transaction B. London Stock Exchange |
|||||||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
||||||||||
|
a) |
Name |
Danielle Davies |
|||||||||
|
2 |
Reason for the notification |
||||||||||
|
a) |
Position/status |
Chief Financial Officer |
|||||||||
|
b) |
Initial notification /Amendment |
Initial notification |
|||||||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||||||||
|
a) |
Name |
The Revel Collective plc |
|||||||||
|
b) |
LEI |
213800QG159LSTF5IH69 |
|||||||||
|
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
GB00BVDPPV41 |
|||||||||
|
b) |
Nature of the transaction |
A. Exercise of awards/options under Performance Share Plan (Restricted Share Award scheme) over Ordinary Shares B. Sale of Ordinary Shares to settle liability for nominal option price, income tax and national insurance contributions (arising from the exercise) and dealing costs of the sale |
|||||||||
|
c) |
Price(s) and volume(s) |
|
|||||||||
|
d) |
Aggregated information - Aggregated volume - Price |
As per section c above
|
|||||||||
|
e) |
Date of the transaction |
5 December 2024 |
|||||||||
|
f) |
Place of the transaction |
A. Off market transaction B. London Stock Exchange |
|||||||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
||||||||||
|
a) |
Name |
Andrew Dyson |
|||||||||
|
2 |
Reason for the notification |
||||||||||
|
a) |
Position/status |
Property Director |
|||||||||
|
b) |
Initial notification /Amendment |
Initial notification |
|||||||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||||||||
|
a) |
Name |
The Revel Collective plc |
|||||||||
|
b) |
LEI |
213800QG159LSTF5IH69 |
|||||||||
|
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
GB00BVDPPV41 |
|||||||||
|
b) |
Nature of the transaction |
A. Exercise of awards/options under Performance Share Plan (Restricted Share Award scheme) over Ordinary Shares B. Sale of ordinary shares of |
|||||||||
|
c) |
Price(s) and volume(s) |
|
|||||||||
|
d) |
Aggregated information - Aggregated volume - Price |
As per section c above
|
|||||||||
|
e) |
Date of the transaction |
5 December 2024 |
|||||||||
|
f) |
Place of the transaction |
A. Off market transaction B. London Stock Exchange |
|||||||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
||||||||||
|
a) |
Name |
Fiona Hall |
|||||||||
|
2 |
Reason for the notification |
||||||||||
|
a) |
Position/status |
Commercial Director |
|||||||||
|
b) |
Initial notification /Amendment |
Initial notification |
|||||||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||||||||
|
a) |
Name |
The Revel Collective plc |
|||||||||
|
b) |
LEI |
213800QG159LSTF5IH69 |
|||||||||
|
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
GB00BVDPPV41 |
|||||||||
|
b) |
Nature of the transaction |
A. Exercise of awards/options under Performance Share Plan (Restricted Share Award scheme) over Ordinary Shares
|
|||||||||
|
c) |
Price(s) and volume(s) |
|
|||||||||
|
d) |
Aggregated information - Aggregated volume - Price |
As per section c above
|
|||||||||
|
e) |
Date of the transaction |
5 December2024 |
|||||||||
|
f) |
Place of the transaction |
A. Off market transaction
|
|||||||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
||||||||||
|
a) |
Name |
Beth Anderson |
|||||||||
|
2 |
Reason for the notification |
||||||||||
|
a) |
Position/status |
People Director |
|||||||||
|
b) |
Initial notification /Amendment |
Initial notification |
|||||||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||||||||
|
a) |
Name |
The Revel Collective plc |
|||||||||
|
b) |
LEI |
213800QG159LSTF5IH69 |
|||||||||
|
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
GB00BVDPPV41 |
|||||||||
|
b) |
Nature of the transaction |
A. Exercise of awards/options under Performance Share Plan (Restricted Share Award scheme) over Ordinary Shares
|
|||||||||
|
c) |
Price(s) and volume(s) |
|
|||||||||
|
d) |
Aggregated information - Aggregated volume - Price |
As per section c above
|
|||||||||
|
e) |
Date of the transaction |
5 December 2024 |
|||||||||
|
f) |
Place of the transaction |
A. Off market transaction
|
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