Business
Grant of stock option awards under new LTIP
Grant of stock option awards under new LTIP.
About this update from Naked Wines Plc
[{"type":"text","content":"\n \n \n For Immediate Release\n \n \n 18 August 2022\n \n \n \n \n \n \n Naked Wines plc\n \n \n \n \n (the \"Company\")\n \n \n \n \n Grant of stock option awards under new long term incentive plan\n \n \n \n Naked Wines plc announces that the following stock option awards have been granted under the Company's new Long Term Incentive Plan to certain staff:\n \n \n 3,257,990 Stock Options with a strike price of 157.50 pence per option\n \n \n The awards have been issued under the recently approved new LTIP and transition award proposal approved at the July 25th 2022 AGM following shareholder consultation. The\n LTIP awards will vest as follows, subject to the continued employment of the participant: 25% after one year and 6.25% quarterly thereafter. The malus and clawback provisions set forth in the LTIP Plan rules are applicable to all awards.\n \n \n Included in the list of employees the below PDMR (Person Discharging Managerial Responsibilities) and PCA (Person Closely Associated with a PDMR) received the following awards:\n \n \n \n \n \n \n \n Name\n \n \n \n \n \n \n Title\n \n \n \n \n \n \n Total Number of Stock Options conditionally awarded\n \n \n \n \n \n \n Total Number of Stock Options + Ordinary Shares held subject to LTIP and SIP awards\n \n \n \n \n \n \n \n Nicholas Devlin\n \n \n \n \n Chief Executive Officer\n \n \n \n Naked Wines plc \n \n \n \n \n 173,684\n \n \n (2)(4)\n \n \n \n \n \n \n 519,849\n \n \n (3)\n \n \n \n \n \n \n \n \n Lucy Devlin \n \n (1)\n \n \n \n \n \n VP Planning, Procurement & Customer Experience\nNakedwines.com, Inc.\n \n \n \n \n 56,161\n \n \n (2)\n \n \n \n \n \n \n 97,180\n \n \n (3)\n \n \n \n \n \n \n \n \n James Crawford\n \n \n \n \n Interim Chief Financial Officer\n \n \n Naked Wines plc\n \n \n \n \n 144,444\n \n \n \n \n 371,039\n \n \n \n \n \n \n Alicia Kennedy\n \n \n \n \n Chief Operating Officer\n \n \n Naked Wines plc\n \n \n \n \n 173,684\n \n \n \n \n 292,580\n \n \n \n \n \n \n \n \n (1)\n \n \n \n \n \n Lucy Devlin is a PCA with Nicholas Devlin\n \n \n \n \n (2) \n \n \n The total number of Stock Options conditionally awarded to Nicholas Devlin and Lucy Devlin amounts in aggregate to 229,845.\n \n \n \n \n (3)\n \n \n \n \n \n The total number of Stock Options + Ordinary Shares held by Nicholas Devlin and Lucy Devli...