Business
Issue of Options, Exercise of Options & TVR
Issue of Options, Exercise of Options & TVR.
About this update from Dp Poland Plc
[{"type":"text","content":"\n \n \n \n 10 November 2022\n \n \n \n \n DP Poland plc\n \n \n \n (\"DP Poland\" or the \"Company\")\n \n \n \n Issue of Options, Exercise of Options & TVR\n \n \n \n DP Poland, the operator of pizza stores and restaurants across Poland and Croatia, announces certain dealings in its shares as detailed below.\n \n \n \n Issue of Options\n \n \n \n The Company has granted 9,333,333 share options over ordinary shares of 0.5 pence each in the Company (\"Share Options\") under the new stock option plan announced on 15 June 2022 (\"SOP\") to certain board members/employees as follows:\n \n \n \n \n \n \n \n Name\n \n \n \n \n \n \n Position\n \n \n \n \n \n Number of Share Options granted\n \n \n \n \n Options as a % of Issued Share capital following Admission (as defined below)\n \n \n \n \n \n \n Jeremy Dibb\n \n \n \n \n Non-Executive Director\n \n \n \n \n 1,000,000\n \n \n \n \n 0.1%\n \n \n \n \n \n \n Piotr Dzierzek\n \n \n \n \n Deputy CEO\n \n \n \n \n 3,500,000\n \n \n \n \n 0.5%\n \n \n \n \n \n \n Maciej Jania\n \n \n \n \n Head of Revenue\n \n \n \n \n 3,500,000\n \n \n \n \n 0.5%\n \n \n \n \n \n \n Patrycja Venulet\n \n \n \n \n Chief Marketing Officer\n \n \n \n \n 2,333,333\n \n \n \n \n 0.3%\n \n \n \n \n \n \n \n \n \n The Share Options issued to Jeremy Dibb will vest subject to time on the same basis outlined below.\n \n \n Of the Share Options issued to Piotr Dzierzek, Maciej Jania and Patrycja Venulet, 50% will time vest and 50% will vest subject to meeting certain performance indicators being met or exceeded.\n \n \n Of the time-vesting portion of the Share Options, 25% vest 12 months from the date of the SOP announcement on 15 June 2022 and 75% vest in 36 equal monthly instalments thereafter. The Share Options linked to key performance indicators carry the performance criteria of EBITDA, which must be achieved annually over the vesting period, and total number of stores target.\n \n \n The exercise price of the Share Options granted is 8 pence per share.\n \n \n \n Exercise of Options\n \n \n \n The Company also announces that it has issued 520,231 ordinary shares of 0.5 pence each in the Company (\"Ordinary Shares\") pursuant to an exercise of options by Christopher Moore, previous Non-Executive Director and Maciej Jania, Head of Revenue.\n \n \n Application has been made to the London Stock Exchan...