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Notification of Transactions of Directors

18th Jul 2018 15:52

RNS Number : 0741V
Koovs PLC
18 July 2018
 

Koovs plc (the "Company")

18 July 2018

Koovs plc

Notification of Transactions of Directors, Persons Discharging Managerial Responsibility or Connected Persons

Koovs plc (the "Company") (AIM: KOOV.L) announces that it has today granted options over ordinary shares of £0.01 each in the Company ("Ordinary Shares") to the following directors:

Mary Turner, Chief Executive Officer 12,783,322 Ordinary Shares

Gail Rebuck, Non-Executive Director 490,672 Ordinary Shares

Emily Sheffield, Non-Executive Director 490,672 Ordinary Shares

Nina Amin, Non-Executive Director 851,236 Ordinary Shares

Robert Pursell, Chief Financial Officer 3,835,000 Ordinary Shares

These share options were awarded with an exercise price of 17.7 pence per Ordinary Share, being the closing price on the 16th July 2018, and will vest on 17 July 2021 subject to continued employment with the Company.

Waheed Alli, Chairman, commented: 

"At 17.7p per share, the share options will ensure the senior management team's economic interests are aligned with those of the shareholders. With the progress made over the last year, and the success of the recent fundraising, I believe the Company is well placed to deliver on its ambition to build scale, profitability and become India's leading western fashion destination."

 

The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Mary Turner

2

Reason for the notification

a)

Position/status:

Director

b)

Initial notification/Amendment:

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

Koovs plc

b)

LEI:

213800NNZ2JSXDRPPU11

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:

Identification code:

Ordinary Shares of £0.01 each

GB00BHB22S55

b)

Nature of the transaction:

Grant of options over Ordinary Shares

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

Exercise Price: 17.7p

12,783,322

 

d)

Aggregated information:

· Aggregated volume:

· Price:

 

12,783,322

Exercise Price: 17.7p

e)

Date of the transaction:

17/07/2018

f)

Place of the transaction:

Off market

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Gail Rebuck

2

Reason for the notification

a)

Position/status:

Director

b)

Initial notification/Amendment:

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

Koovs plc

b)

LEI:

213800NNZ2JSXDRPPU11

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:

Identification code:

Ordinary Shares of £0.01 each

GB00BHB22S55

b)

Nature of the transaction:

Grant of options over Ordinary Shares

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

Exercise Price: 17.7p

490,672

 

d)

Aggregated information:

· Aggregated volume:

· Price:

 

490,672

Exercise Price: 17.7p

e)

Date of the transaction:

17/07/2018

f)

Place of the transaction:

Off market

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Emily Sheffield

2

Reason for the notification

a)

Position/status:

Director

b)

Initial notification/Amendment:

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

Koovs plc

b)

LEI:

213800NNZ2JSXDRPPU11

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:

Identification code:

Ordinary Shares of £0.01 each

GB00BHB22S55

b)

Nature of the transaction:

Grant of options over Ordinary Shares

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

Exercise Price: 17.7p

490,672

 

d)

Aggregated information:

· Aggregated volume:

· Price:

 

490,672

Exercise Price: 17.7p

e)

Date of the transaction:

17/07/2018

f)

Place of the transaction:

Off market

 

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Nina Amin

2

Reason for the notification

a)

Position/status:

Director

b)

Initial notification/Amendment:

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

Koovs plc

b)

LEI:

213800NNZ2JSXDRPPU11

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:

Identification code:

Ordinary Shares of £0.01 each

GB00BHB22S55

b)

Nature of the transaction:

Grant of options over Ordinary Shares

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

Exercise Price: 17.7p

851,236

 

d)

Aggregated information:

· Aggregated volume:

· Price:

 

851,236

Exercise Price: 17.7p

e)

Date of the transaction:

17/07/2018

f)

Place of the transaction:

Off market

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Robert Pursell

2

Reason for the notification

a)

Position/status:

Director

b)

Initial notification/Amendment:

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

Koovs plc

b)

LEI:

213800NNZ2JSXDRPPU11

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:

Identification code:

Ordinary Shares of £0.01 each

GB00BHB22S55

b)

Nature of the transaction:

Grant of options over Ordinary Shares

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

Exercise Price: 17.7p

3,835,000

 

d)

Aggregated information:

· Aggregated volume:

· Price:

 

3,835,000

Exercise Price: 17.7p

e)

Date of the transaction:

17/07/2018

f)

Place of the transaction:

Off market

 

 

For further information please contact:

 

 

Koovs plc

Mary Turner/Robert Pursell

 

Tel: +44 (0)20 7151 0170

Peel Hunt LLP

 

Dan Webster / George Sellar

 

 

Headland

Lucy Legh / Rob Walker / Charlie Twigg

Tel: +44 (0) 20 7418 8900

 

 

 

Tel: +44 (0)20 3805 4822

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
DSHRPMITMBIBBPP

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