Hotel Chocolat Group PLC Director/PDMR Dealing - Grant of Options (2053R)
25 October 2019 - 11:28PM
UK Regulatory
TIDMHOTC
RNS Number : 2053R
Hotel Chocolat Group PLC
25 October 2019
25 October 2019
Hotel Chocolat Group plc
("Hotel Chocolat", the "Company" or the "Group")
Director/PDMR Dealing - Grant of Options
The Company announces today that it has granted 301,073 options
over ordinary shares of 0.1p in the Company ("Ordinary Shares") to
employees pursuant to the Hotel Chocolat Group plc 2016 Long Term
Incentive Plan (the "Plan"). The grants comprise Unapproved Share
Options (the "Options").
Certain of the Options have been granted to persons discharging
managerial responsibilities ("PDMRs"), as set out below:
PDMR / Director Scheme No. of Options Total no. of Options
granted now held
Matt Margereson
(Chief Operating
Officer) CSOP - 20,270
------------ --------------- ---------------------
Unapproved 56,256 256,256
-------------------------------- --------------- ---------------------
TOTAL 56,256 276,526
-------------------------------- --------------- ---------------------
Matt Pritchard
(Chief Financial
Officer) CSOP - 20,270
------------ --------------- ---------------------
Unapproved 56,256 256,256
-------------------------------- --------------- ---------------------
TOTAL 56,256 276,526
-------------------------------- --------------- ---------------------
In addition to the Options granted to PDMRs, the Company has
granted 188,561 Options to other employees of the Group.
The Options have been granted subject to a performance condition
based on the Company's reported audited net profit after tax for
the year ending June 2022 and will vest on the third anniversary of
the grant (the "Option Period"). The Options have an exercise price
of 0.1 pence per ordinary share and are exercisable at the end of
the Option Period and until the day before the tenth anniversary of
grant.
Following the grant of the Options, the total number of Ordinary
Shares outstanding under all Group share incentive schemes
arrangements is 2,250,837, representing 1.95 per cent of the
Company's issued share capital.
For further information:
Hotel Chocolat Group plc c/o Citigate + 44 (0) 20 7638 9571
Angus Thirlwell, Co-founder and Chief Executive Officer
Peter Harris, Co-founder and Development Director
Matt Pritchard, Chief Financial Officer
Citigate Dewe Rogerson - Financial PR + 44 (0) 20 7638 9571
Simon Rigby
Angharad Couch
Ellen Wilton
Liberum Capital Limited - Nominated Advisor and Broker + 44 (0)
20 3100 2222
Clayton Bush
James Greenwood
Notes to Editors:
Hotel Chocolat is a premium British chocolatier with a strong
and distinctive brand. The business was founded in 1993 by Angus
Thirlwell and Peter Harris and has traded under the Hotel Chocolat
brand since 2003. The Group sells its products online and through a
network of stores in the UK and abroad. The Group has a cocoa
plantation and eco-hotel in Saint Lucia, offering complete cocoa
immersion thorough tree-to-bar experiences and wellness treatments.
The Group also has a flagship restaurant and cocoa roastery in
London's Borough Market: Rabot 1745. The Group was admitted to
trading on AIM in 2016.
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 1. Matthew Paul Margereson
2. Matthew Robert Phillip Pritchard
--------------------------- --------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status 1. Chief Operating Officer
2. 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 Hotel Chocolat Group plc
--------------------------- --------------------------------------
b) LEI 213800B4D3J15PZHVY29
--------------------------- --------------------------------------
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, Options over Ordinary shares of 0.1
type of instrument pence each
Identification code ISIN: GB00BYZC3B04
--------------------------- --------------------------------------
b) Nature of the transaction Grant of options pursuant to the
Hotel Chocolat Group plc 2016 Long
Term Incentive Plan
--------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1. 0.1 pence 56,256
----------
2. 0.1 pence 56,256
----------
--------------------------- --------------------------------------
d) Aggregated information
N/A
- Aggregated volume
- Price
--------------------------- --------------------------------------
e) Date of the transaction 24 October 2019
--------------------------- --------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------- --------------------------------------
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END
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