Business
Grant of Options and Director Dealing
Grant of Options and Director Dealing.
About this update from Warpaint London Plc
[{"type":"text","content":"\n \nRNS Number : 6680J Warpaint London PLC 30 June 2017 \n\n30 June 2017\nWarpaint London plc\n(\"Warpaint London\" or the \"Company\" or the \"Group\")\nGrant of Options and Director Dealing\n \nWarpaint London plc (AIM: W7L) announces that, on 29 June 2017, it granted options in aggregate over 277,788 ordinary shares of 25 pence each (the \"Options\") in the Company under the Warpaint London plc Enterprise Management Incentive Scheme to all staff members, including the Company's Chief Financial Officer, Neil Rodol, but excluding all other directors.\nThe Options provide the right to acquire 277,788 ordinary shares of 25 pence each (\"Ordinary Shares\") at an exercise price of 237.5 pence per Ordinary Share, being the closing mid-market price of the Company's shares on AIM on 28 June 2017.\nThe Company's Chief Financial Officer, Neil Rodol, has been granted 105,262 Options. The remaining 172,526 Options have been granted to the Company's 40 non-director staff in varying amounts.\nThe Options are excercisable for a period of seven years from 29 June 2020, subject to certain performance conditions being met, including that the compound annual growth rate in the Company's earnings per share must exceed 8 per cent. over the three financial years commencing 1 January 2017, subject to the discretion of the Company's remuneration committee.\nIn addition to the 105,262 Options above, Neil Rodol also holds 61,856 Ordinary Shares in the Company.\n \nEnquiries:\n\n\n\n\nWarpaint London plc \nSam Bazini - Joint Chief Executive \nEoin Macleod - Joint Chief Executive \nNeil Rodol - Chief Financial Officer \n \n\n\n020 3053 8671\n \n\n\n\n\nStockdale Securities Limited (Nominated Adviser and Broker)\nAndy Crossley, Antonio Bossi, Ed Thomas - Corporate Finance\nFiona Conroy - Corporate Broking\n \n\n\n020 7601 6100\n \n\n\n\n\nIFC Advisory (Financial PR & IR) \nTim Metcalfe \nGraham Herring\nHeather Armstrong\nMiles Nolan \n\n\n020 3053 8671\n \n\n\n\n\n \nAbout Warpaint London plc\nWarpaint London is a colour cosmetics business, based in Iver, Buckinghamshire. It is made up of two divisions: close-out and own-brand. Th...