| 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 £0.01 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 £0.01 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 £0.01 per Ordinary Share.
| Name | Title | Total number of Ordinary Shares over which LTIP options granted |
| Andrew Clark | Chief Financial Officer | 225,000 |
| Sally Minto | Global Digital Director and PCA of Chief Executive Officer Adam Minto | 230,014* |
| Steven Griffiths | Head of Digital Development and PCA of Non-Executive Director 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 /Amendment | Initial notification | |
| 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 of the financial instrument, type of instrument Identification code | Ordinary shares of £0.01
ISIN: GB00BP7L1T61 | |
| b) | Nature of the transaction | Grant of options under the Revolution Beauty Long Term Incentive Plan | |
| c) | Price(s) and volume(s) | Price(s) £0.01
| Volume(s) 225,000
|
| d) | Aggregated information - Aggregated volume - Price |
| |
| e) | Date of the transaction | 22 July 2021 | |
| f) | Place of the transaction | Outside of trading venue | |
| 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 /Amendment | Initial notification | |
| 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 of the financial instrument, type of instrument Identification code | Ordinary shares of £0.01
ISIN: GB00BP7L1T61 | |
| b) | Nature of the transaction | Grant of options under the Revolution Beauty Long Term Incentive Plan | |
| c) | Price(s) and volume(s) | Price(s) £0.01
| Volume(s) 230,014
|
| d) | Aggregated information - Aggregated volume - Price |
| |
| e) | Date of the transaction | 22 July 2021 | |
| f) | Place of the transaction | Outside of trading venue | |
| 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 /Amendment | Initial notification | |
| 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 of the financial instrument, type of instrument Identification code | Ordinary shares of £0.01
ISIN: GB00BP7L1T61 | |
| b) | Nature of the transaction | Grant of options under the Revolution Beauty Long Term Incentive Plan | |
| c) | Price(s) and volume(s) | Price(s) £0.01
| Volume(s) 17,188
|
| d) | Aggregated information - Aggregated volume - Price |
| |
| e) | Date of the transaction | 22 July 2021 | |
| f) | Place of the transaction | Outside of trading venue | |
For further information:
| Revolution Beauty Group plc | via Buchanan | |
| Adam Minto, Founder & CEO | Tel: +44 (0) 20 7466 5000 | |
| Tom Allsworth, Founder & Executive 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 | ||
| | | |
Media enquiries:
| Buchanan | |
| Richard Oldworth / Henry Harrison-Topham Sophie Wills / Kim Looringh-van Beeck / Toto Berger | Tel: +44 (0) 20 7466 5000 |
| revolutionbeauty@buchanan.uk.com | www.buchanan.uk.com |
- Ends -
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