leadf
logo-loader
RNS
viewDistil

Distil PLC - Grant of options

RNS Number : 1462Y
Distil PLC
07 September 2020
 

Distil plc

("Distil" or the "Group")

Grant of options

The Board of Distil plc (AIM: DIS), owner of premium drinks brands RedLeg Spiced Rum, Blackwoods Gin and Vodka, Blavod Black Vodka, Jago's Cream Liqueur and Diva Vodka, made the following grant of options to its PDMRs ("Options") on 4 September 2020:

 

Director

 

Position

Number of Options granted

 

Total Options held following the grant

Don Goulding

Executive Chairman

10,000,000

 

18,000,000

Shaun Claydon

Finance Director

2,500,000

5,250,000

 

Kate O'Connell

Marketing and Operations Director

5,000,000

7,000,000

 

These Options over ordinary shares of 0.1p each have an exercise price of 1.2775 pence per share, being the average closing mid-market price of a Distil share over the 10 business days prior to the date of grant.

 

A further 10,500,000 Options, also at the exercise price of 1.2775 pence per share have been awarded to employees.

 

Options vest 3 years following the date of grant.

 

Following grant of the above options, the total number of ordinary shares outstanding under option and warrant arrangements equates to 35,750,000 ordinary shares, representing 6.06

per cent of the Company's current issued share capital.

 

 

PDMR Notifications

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Don Goulding

2

Reason for the notification

a)

Position/Status:

 

CEO

b)

Initial Notification/Amendment:

 

Initial Notification

3

Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor

a)

Name:

Distil Plc

b)

LEI:

213800G6BJQ18CKXWF05

 

4.

Details of 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:

Identification code:

Ordinary Shares of 0.1 pence each

 

GB0030164023

b)

Nature of the transaction:

Options over Ordinary Shares

c)

Price(s) and volume(s):

Price(s)

Volume(s)

nil

10,000,000

d)

Aggregated volume:

Price:

 

n/a

 

e)

Date of the Transaction:

4 September 2020

f)

Place of the Transaction:

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Shaun Claydon

2

Reason for the notification

a)

Position/Status:

 

CFO

b)

Initial Notification/Amendment:

 

Initial Notification

3

Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor

a)

Name:

Distil Plc

b)

LEI:

213800G6BJQ18CKXWF05

 

4.

Details of 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:

Identification code:

Ordinary Shares of 0.1 pence each

 

GB0030164023

b)

Nature of the transaction:

Options over Ordinary Shares

c)

Price(s) and volume(s):

Price(s)

Volume(s)

nil

2,500,000

d)

Aggregated volume:

Price:

 

n/a

 

e)

Date of the Transaction:

4 September 2020

f)

Place of the Transaction:

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Kate O'Connell

2

Reason for the notification

a)

Position/Status:

 

Marketing and Operations Director

b)

Initial Notification/Amendment:

 

Initial Notification

3

Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor

a)

Name:

Distil Plc

b)

LEI:

213800G6BJQ18CKXWF05

 

4.

Details of 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:

Identification code:

Ordinary Shares of 0.1 pence each

 

GB0030164023

b)

Nature of the transaction:

Options over Ordinary Shares

c)

Price(s) and volume(s):

Price(s)

Volume(s)

nil

5,000,000

d)

Aggregated volume:

Price:

 

n/a

 

e)

Date of the Transaction:

4 September 2020

f)

Place of the Transaction:

Outside a trading venue

 

For further information:

 

Distil PLC


Don Goulding Executive Chairman

Shaun Claydon, Finance Director

Tel: +44 20 7352 2096

 

SPARK Advisory Partners Limited (NOMAD)


Neil Baldwin

Mark Brady

Tel +44 20 3368 3550

Turner Pope Investments (TPI) Ltd (Broker)


Andy Thacker

Zoe Alexander

Tel +44 20 3657 0050

 

 

About Distil

Distil Plc is quoted on the AIM market of the London Stock Exchange. It owns drinks brands in a number of sectors of the alcoholic drinks market. These include premium spiced rum, vodka, gin, vodka vanilla cream liqueur and are called RedLeg Spiced Rum. Blackwoods Vintage Gin, Blackwoods Vodka, Blavod Black Vodka, Diva Vodka and Jago's Vanilla Cream Liqueur.

www.distilplc.com

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHFZGGLMKGGGZM

Quick facts: Distil

Price: -

Market: AIM
Market Cap: -
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

7 min read