Eclectic Bar Group PLC Cancellation and Grant of Options (4586B)
2015年10月7日 - 3:00PM
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RNS Number : 4586B
Eclectic Bar Group PLC
07 October 2015
07 October 2015
Eclectic Bar Group plc
("Eclectic" or the "Company")
Cancellation and Grant of Options
Eclectic Bar Group plc, one of the leading operators of premium
bars in the UK, announces that, further to the announcement made on
15 June 2015, it has on 6 October 2015 cancelled certain of its
existing options over the Company's ordinary shares of 25 pence
each ("Ordinary Shares") previously granted to certain directors of
the Company and has granted new options to certain directors at an
exercise price commensurate with the existing price per Ordinary
Share to incentivise the option holders. The cancellation and grant
is as follows:
John Smith and Reuben Harley
Reuben Harley, Chief Executive Officer, and John Smith, Finance
Director, have both today surrendered their respective existing
Enterprise Management Incentive ("EMI") option over 40,625 Ordinary
Shares granted in November 2013.
In replacement, Mr Harley and Mr Smith have both today been
granted a new EMI option for 40,625 Ordinary Shares each at an
exercise price of 63.5 pence per Ordinary Share. Under the terms of
the option, 50% of their respective option vests on issue, 25% of
their respective option vests on 30 June 2016, and the remaining
25% of their respective option vests on 30 June 2017.
Leigh Nicolson
Leigh Nicolson has today surrendered his existing EMI option
over 156,249 Ordinary Shares granted in November 2013.
In replacement, Mr Nicholson has today been granted a new EMI
option over 190,000 Ordinary Shares at an exercise price of 63.5
pence per Ordinary Share. Under the terms of the option, 50% of Mr
Nicholson's option vests on issue, 25% of his option vests on 30
June 2016, and the remaining 25% of his option vests on 30 June
2017.
Paul Viner
Following the appointment of Paul Viner as a Non-Executive
Director on 31 July 2015, the Company has today granted to him an
unapproved option over 40,625 Ordinary Shares at an exercise price
of 63.5 pence per Ordinary Share. Under the terms of the unapproved
option plan, 25% of the option will vest annually, starting from 30
June 2016, with the final 25% vesting on 30 June 2019.
Enquiries:
Eclectic Bar Group plc (www.eclecticbars.co.uk) Tel: 020 7376 6300
Reuben Harley, CEO
John Smith, CFO
Panmure Gordon Tel: 020 7886 2500
Corporate Finance
Andrew Godber / Atholl Tweedie / Duncan
Monteith
Corporate Broking
Charles Leigh-Pemberton
Instinctif Partners Tel: 020 7457 2020
Matthew Smallwood
Justine Warren
About Eclectic Group
The Group is a leading operator of premium bars in the UK.
Eclectic's portfolio comprises 19 venues trading in major towns and
cities, predominantly targeting a customer base of sophisticated
students midweek and stylish over 21s and young professionals at
weekends. The Group focuses on delivering added value for its
customers, with premium product ranges, high-quality music and
entertainment, and a commitment to high service levels and
standards. Eclectic trades across its estate under a variety of
concepts, including Embargo Republica, Lola Lo, Sakura, Lowlander,
Dirty Blonde, Coalition, Po Na Na and Fez Club.
The Group's management team, led by Luke Johnson, who has been
involved in the hospitality industry for over 20 years, and Reuben
Harley, who has over 25 years' experience of working in the UK pub
and bar industry, is implementing a strategy to grow the business
through the development of new sites either under the Company's
existing formats or those of acquired businesses as appropriate
opportunities present themselves.
Lola Lo (9 sites)
Brighton
Bristol
Cambridge
Edinburgh
Derby
Lincoln
Oxford
Reading
Manchester
Sakura (2 sites)
Manchester
Reading
Po Na Na (2 sites)
Bath
Wimbledon
Fez Club (2 sites)
Cambridge
Putney
Coalition
Brighton
Dirty Blonde
Brighton
Lowlander
Covent Garden
Embargo Republica
Kings Road
This information is provided by RNS
The company news service from the London Stock Exchange
END
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October 07, 2015 02:00 ET (06:00 GMT)
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