Business
Issue of Shares under Share Incentive Plan & TVR
Issue of Shares under Share Incentive Plan & TVR.
About this update from Revolution Beauty Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3439J\n Revolution Beauty Group PLC\n 20 August 2021\n \n \n \n \n \n \n \n For Immediate Release \n \n \n \n \n 20 August 2021\n \n \n \n \n \n \n \n \n \n \n \n REVOLUTION BEAUTY GROUP PLC\n \n \n (\"Revolution Beauty\", the \"Group\" or the \"Company\")\n \n \n \n \n \n \n \n \n Issue of Shares under Share Incentive Plan\n \n \n PDMR and PCA dealings \n \n \n and\n \n \n Total Voting Rights\n \n \n \n \n \n Revolution Beauty Group plc (AIM:REVB), the \n multi-brand, multi-category, and multi-channel mass beauty innovator with proven global scale\n , announces that, in line with the proposal set out in its admission document dated 13 July 2021 (the \"Admission Document\"), 362,250 ordinary shares of £0.01 each (\"Ordinary Shares\") in aggregate have been issued today under the Revolution Beauty Share Incentive Plan (\"SIP\") to 161 of the Company's employees. The issue price is 160 pence per Ordinary Share.\n \n \n The SIP has been established to incentivise the wider employee base to deliver long-term value creation for shareholders and ensure alignment with shareholder interests. As described in the Admission Document, the Ordinary Shares issued under the SIP will be held by trustees for a period of between three and five years, as determined by the Board, during which time they may not be disposed of. Should the Ordinary Shares be withdrawn by the participant, then they may be forfeited.\n \n \n As part of the above, Ordinary Shares have been issued today to the following PDMRs and PCAs: \n \n \n \n \n \n Name\n \n \n \n \n Title\n \n \n \n \n Total number of Ordinary Shares issued pursuant to the SIP\n \n \n \n \n \n \n Andrew Clark\n \n \n \n \n Chief Financial Officer\n \n \n \n \n 2,250\n \n \n \n \n \n \n Sally Minto\n \n \n \n \n Global Digital Director and PCA of Chief Executive Officer Adam Minto\n \n \n \n \n 2,250\n \n \n \n \n \n \n Steven Griffiths\n \n \n \n \n Head of Digital Development and PCA of Non-Executive Director Gita Samani\n \n \n \n \n 2,250\n \n \n \n \n \n \n \n \n In addition, the Company has granted 17 non-UK employees phantom long term incentive plan awards (\"Phantom LTIP\") which will provide a cash bonus on the third anniversary of the date of the award equivalent to the value of the Ordinary Shares at the end of that pe...