Warpaint London PLC Grant of Options and Director Dealing (6680J)
30 Juni 2017 - 8:01AM
UK Regulatory
TIDMW7L
RNS Number : 6680J
Warpaint London PLC
30 June 2017
30 June 2017
Warpaint London plc
("Warpaint London" or the "Company" or the "Group")
Grant of Options and Director Dealing
Warpaint 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.
The 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.
The 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.
The 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.
In addition to the 105,262 Options above, Neil Rodol also holds
61,856 Ordinary Shares in the Company.
Enquiries:
Warpaint London plc
Sam Bazini - Joint Chief Executive
Eoin Macleod - Joint Chief Executive
Neil Rodol - Chief Financial Officer 020 3053 8671
Stockdale Securities Limited (Nominated
Adviser and Broker)
Andy Crossley, Antonio Bossi, Ed
Thomas - Corporate Finance
Fiona Conroy - Corporate Broking 020 7601 6100
IFC Advisory (Financial PR & IR)
Tim Metcalfe
Graham Herring
Heather Armstrong
Miles Nolan 020 3053 8671
About Warpaint London plc
Warpaint London is a colour cosmetics business, based in Iver,
Buckinghamshire. It is made up of two divisions: close-out and
own-brand. The second and larger own-brand division consists
primarily of the Group's flagship brand, W7 - an extremely
creative, design-focused cosmetic brand proposition with a focus on
the 16-30 age range, delivering high-quality cosmetics at
affordable prices. W7 brand has grown organically since its
inception in 2002 and now contains over 500 items which are sold
into high street retailers and independent beauty shops across the
UK, Europe, Australia and the US. In 2016, W7 was supplied to over
250 customers in more than 50 countries.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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