Angling Direct PLC Grant of Options (4762W)
18 August 2020 - 9:04PM
UK Regulatory
TIDMANG
RNS Number : 4762W
Angling Direct PLC
18 August 2020
Angling Direct plc
("Angling Direct" or the "Company")
Grant of Options
Angling Direct plc, the largest specialist fishing tackle and
equipment retailer in the UK, announces that, pursuant to the
Company's Executive Director Share Option Scheme, options have been
granted over the Company's ordinary shares of 1p each ("Ordinary
Shares") to Andy Torrance (CEO) and Steven Crowe (CFO), each a
person discharging managerial responsibilities ("PDMR").
Details of the grants made are set out below:
Option Holder Number of Ordinary Exercise Price Exercise condition
Shares subject per Ordinary to remain an Employee
to an option Share up to:
Andrew Torrance 540,000 GBP0.22 31 January 2023
270,000 GBP0.21 31 March 2024
Total 810,000
Steven Crowe 444,444 GBP0.22 31 January 2023
222,222 GBP0.21 31 March 2024
Total 666,666
The options are ordinarily exercisable between the date that the
relevant condition as outlined above has been satisfied and 18
August 2030. There are no further conditions applicable to exercise
of the options. The options have been granted following
consultation with certain of the Company's major shareholders.
For further information please contact:
Angling Direct PLC +44 (0) 1603 258658
Martyn Page, Executive Chairman
Paul Davies, Non-Executive Director
N+1 Singer - NOMAD and Broker
Peter Steel, Alex Bond (Corporate
Finance)
Tom Salvesen (Corporate Broking) +44 (0) 20 7496 3000
Yellow Jersey PR - Financial PR +44 (0) 203 004 9512
Charles Goodwin
Georgia Colkin +44 (0) 7747 788 221
Annabel Atkins +44 (0) 7825 916 715
About Angling Direct
Angling Direct is the largest specialist fishing tackle retailer
in the UK. The Company sells fishing tackle products and related
equipment through its network of retail stores, located throughout
the UK as well as through its own websites
(www.anglingdirect.co.uk, .de, .fr and .nl) and other third-party
websites.
The Company currently sells over 21,500 fishing tackle products,
including capital items, consumables, luggage and clothing. The
Company also owns and sells fishing tackle products under its own
brand 'Advanta', which was formally launched in March 2016.
From 1986 to 2002, the Company's founders acquired interests in
a number of small independent fishing tackle shops in Norfolk and,
in 2002, they acquired a significant premise in Norwich, which was
branded Angling Direct. Since 2002, the Company has continued to
acquire or open new stores, taking the total number up to 36 retail
stores. In 2015, the Company opened a 30,000 sq. ft central
distribution centre in Rackheath, Norfolk, where the Company's head
office is also located. The Company has an established, and rapidly
growing, presence in Europe with native language websites set up in
key regions to address demand.
Notification and public disclosure of transactions by PDMRs and
persons closely associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Andrew Torrance
--------------------------- -------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status Chief Executive Officer
--------------------------- -------------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------- -------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name Angling Direct plc
--------------------------- -------------------------------------------
b) LEI 213800WAVVOPS85N2205
--------------------------- -------------------------------------------
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 Options over Ordinary shares of 1 penny
financial instrument, each ("Ordinary Shares")
type of instrument
Identification code GB00BF1XGQ00
--------------------------- -------------------------------------------
b) Nature of the transaction Grant of options over Ordinary Shares
--------------------------- -------------------------------------------
c) Price(s) and volume(s) Price Volume
--------------------------- --------------------------- --------------
(a) Exercise price
of GBP0.22 540,000
------------------------------------------------------------ --------------
(b) Exercise price
of GBP0.21 270,000
------------------------------------------------------------ --------------
d) Aggregated information N/A
- Aggregated volume
- Price
--------------------------- -------------------------------------------
e) Date of the transaction 18 August 2020
--------------------------- -------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------- -------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Steven Crowe
--------------------------- -------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status Chief Financial Officer
--------------------------- -------------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------- -------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name Angling Direct plc
--------------------------- -------------------------------------------
b) LEI 213800WAVVOPS85N2205
--------------------------- -------------------------------------------
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 Options over Ordinary shares of 1 penny
financial instrument, each
type of instrument
Identification code GB00BF1XGQ00
--------------------------- -------------------------------------------
b) Nature of the transaction Grant of options over Ordinary Shares
--------------------------- -------------------------------------------
c) Price(s) and volume(s) Price Volume
--------------------------- --------------------------- --------------
(a) Exercise price
of GBP0.22 444,444
------------------------------------------------------------ --------------
(b) Exercise price
of GBP0.21 222,222
------------------------------------------------------------ --------------
d) Aggregated information N/A
- Aggregated volume
- Price
--------------------------- -------------------------------------------
e) Date of the transaction 18 August 2020
--------------------------- -------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------- -------------------------------------------
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 rns@lseg.com or visit www.rns.com.
END
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