Fishing Republic PLC Board Appointment & Grant of Options (4729G)
02 März 2018 - 8:00AM
UK Regulatory
TIDMFISH
RNS Number : 4729G
Fishing Republic PLC
02 March 2018
2 March 2018
AIM: FISH
Fishing Republic plc
("Fishing Republic" or the "Company")
Board Appointment and Grant of Options
Fishing Republic, the fishing tackle retailer, is pleased to
announce the appointment of Stephen Kyriacou to its Board of
Directors as Chief Operating Officer, with immediate effect.
Steve has over 20 years' experience in delivering change
management programmes, including for the divisions of major
organisations such as Primark, Barclays Bank, Morrisons and BT. He
joined the Company in December 2017 from Primark Stores, where he
was Programme Director for Oracle Retail and Financials. Since
December, he has been co-ordinating the various operational changes
put in place following the Company's organisational review, and has
been leading the new management team, which is implementing the
operational improvement plan.
James Newman, Executive Chairman of Fishing Republic said:
"I am pleased to welcome Steve to the Board as Chief Operating
Officer. His extensive operational and commercial experience,
particularly in eCommerce and change management, will help to drive
the significant changes we are making across the business."
Grant of Options
The Company also announces that it has granted a total of
2,850,000 share options including to the following Directors and
Senior Management under the Company's EMI Option Scheme. The
options have an exercise price of 10p and vest on the first
anniversary following the date of grant provided the grantee is
still employed by the Company at that time.
Director/PDMR Position Number of options
granted
Chief Operating
Steve Kyriacou Officer 1,000,000
Head of Merchandising
Jonathan Walker and Buying 500,000
Wayne Cooper Head of Logistics 500,000
Andrew Smith Head of Retail 250,000
Christopher Group Financial
Rigg Controller 250,000
Issue of Equity and Total Voting Rights
In addition, the Company announces that it has issued 350,000
ordinary shares at a price of 10p per share for eCommerce
consultancy services provided to the Company. An application has
been made for the new shares to commence trading on AIM with is
expected to occur at 8.00 a.m. on 8 March 2018 ("Admission").
Following Admission, the Company will have 52,206,199 ordinary
shares in issue with each share carrying the right to one vote.
There are no Ordinary Shares held in treasury. The above figure of
52,206,199 may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change in their
interest in, the share capital of the Company under the FCA's
Disclosure and Transparency Rules.
Further information on Stephen Kyriacou
Stephen Kyriacou, aged 45, is or has been in the last five years
a director of the following companies:
Current directorships Directorships In the past
five years
Infinite Options Ltd WKM4 Limited
IPA Limited Socius People Solutions
(SPS) Ltd
Aside from the options he has been granted, as disclosed above,
Mr Kyriacou currently has no further holding in the Company.
There is no further information on Mr Kyriacou to be disclosed
under Schedule Two, paragraph (g) of the AIM Rules for
Companies.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
Enquiries:
Fishing Republic plc T: 020 3178 6378
James Newman, Executive (today)
Chairman
KTZ Communications Limited T: 020 3178 6378
Katie Tzouliadis, Irene
Bermont-Penn, Emma Pearson
Northland Capital Partners T: 020 3861 6625
Limited
Nominated Adviser and Broker
Matthew Johnson, Jamie Spotswood,
David Hignell (Corporate
Finance)
John Howes (Corporate Broking)
1 Details of the person discharging managerial responsibilities/person closely associated
--- --------------------------------------------------------------------------------------------------------
a) Name a) Steve Kyriacou
b) Jonathan Walker
c) Wayne Cooper
d) Andrew Smith
e) Christopher Rigg
--- ------------------------------------------------------------ ------------------------------------------
2 Reason for the notification
--- --------------------------------------------------------------------------------------------------------
a) Position/status a) Chief Operating Officer
b) Head of Merchandising and Buying
c) Head of Logistics
d) Head of Retail
e) Group Financial Controller
--- ------------------------------------------------------------ ------------------------------------------
b) Initial notification/ Amendment Initial Notification
--- ------------------------------------------------------------ ------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
--- --------------------------------------------------------------------------------------------------------
a) Name Fishing Republic plc
--- ------------------------------------------------------------ ------------------------------------------
b) LEI 213800MEU3P9317FQZ07
--- ------------------------------------------------------------ ------------------------------------------
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
--- --------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of instrument Ordinary shares of 1p each
Identification code GB00BY7RY763
--- ------------------------------------------------------------ ------------------------------------------
b) Nature of the transaction Grant of Options
--- ------------------------------------------------------------ ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
10p a) 1,000,000
b) 500,000
c) 500,000
d) 250,000
e) 250,000
--- ------------------------------------------------------------ ------------------------------------------
d) Aggregated information
- Aggregated volume 2,500,000
- Price 10p
---------------------------------------------------------------- ------------------------------------------
e) Date of the transaction 1 March 2018
--- ------------------------------------------------------------ ------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
--- ------------------------------------------------------------ ------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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