Parsley Box Group PLC Grant of share incentive awards to Exec Directors (5010M)
24 Maggio 2022 - 12:11PM
UK Regulatory
TIDMMEAL
RNS Number : 5010M
Parsley Box Group PLC
24 May 2022
24 May 2022
Parsley Box Group plc
("Parsley Box" or the "Company")
Grant of share incentive awards to Executive Directors
Parsley Box, the direct to consumer provider of ready meals
focused on the fast-growing and underserved Baby Boomer+
demographic, announces that it has today granted incentive awards
in the form of options (the "Awards") over its ordinary shares of
GBP0.01 each ("Shares") to certain directors and PDMRs as set out
in the table below. The Awards have been granted under the terms of
the Company's Management Incentive Plan (the "MIP").
Director Role Awards granted Exercise Total options
price held
Chief Executive
Kevin Dorren Officer 2,926,829 20.5p 2,926,829
Chief Financial
Holly McComb Officer 2,195,121 20.5p 2,195,121
Simon Russell Managing Director 1,463,414 20.5p 1,463,414
The vesting of each of the Awards is subject to the satisfaction
of stretching performance conditions that have been set by the
Remuneration and Nomination Committee of the Company. These
conditions (which will be assessed following the end of the
financial year to 31 December 2024) relate to the achievement of
specified revenue targets (with an earnings per share underpin)
that are intended to drive shareholder value. Vesting will also
normally be dependent on the continued employment of the relevant
participant within the Company's group on the third anniversary of
grant. The Awards are subject to malus and clawback provisions.
Once any part of an Award becomes exercisable, it will generally
remain so until the tenth anniversary of its original grant.
It is currently anticipated that no further Awards will be made
to the above-noted individuals under the MIP until after the
commencement of the financial year ending 31 December 2025. In
order to align its management incentive arrangements, the above
Award to Kevin Dorren replaces the nominal-value option granted to
him on 31 March 2021.
Following consultation with significant shareholders, the
Company's option pool, as described in its AIM admission document,
has been increased from 10% to 15% of share capital to create the
necessary headroom to recruit and retain the talent needed to grow
the business.
Finally, it should be noted that options over up to 880,555
Shares have also been granted today to other employees of the
Company under the MIP.
The following notifications are intended to satisfy the
Company's obligations under Article 19(3) of EU Regulation No
596/2014 (the Market Abuse Regulation).
Enquiries:
Parsley Box
Holly McComb
Kevin Dorren Tel: 0131 608 1990
Email: invest@parsleybox.com
finnCap (Nominated Adviser and Broker)
Matt Goode / Charlie Beeson (Corporate
Finance) Tel: +44 20 7220 0500
Tim Redfern / Charlotte Sutcliffe (ECM)
Instinctif Partners Tel: +44 20 7457 2005
Matthew Smallwood / 2010
Justine Warren
Notification of transactions of persons discharging managerial
responsibilities and persons closely associated with them
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name 1. Kevin Dorren
2. Holly McComb
3. Simon Russell
Reason for the notification
2
a) Position/status 1. Chief Executive Officer, Executive Director
2. Chief Financial Officer, Executive Director
3. Managing Director, PDMR
b) Initial notification Initial Notification
/Amendment
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
a) Name Parsley Box Group plc
b) LEI 21380011BEY3JSQ3AU68
Details of the transaction(s): section to be repeated for
4 (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
a) Description Ordinary shares of GBP0.01 each ("Shares")
of the financial
instrument,
type of instrument
Identification GB00BNK9TZ56
code
b) Nature of Grant of awards (in the form of options) over
the transaction Shares pursuant to the Parsley Box Group plc
Management Incentive Plan
c) Price(s) and Price(s) Volume(s)
volume(s) GBP0.205 (exercise
1. price) 2,926,829
GBP0.205 (exercise
2. price) 2,195,121
GBP0.205 (exercise
3. price) 1,463,414
d) Aggregated 1. N/A single transaction
information 2. N/A single transaction
3. N/A single transaction
-Aggregated
volume
- Price
e) Date of the 24 May 2022
transaction
f) Place of the Outside a trading venue
transaction
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Kevin Dorren
Reason for the notification
2
a) Position/status Chief Executive Officer, Executive Director
b) Initial notification Initial Notification
/Amendment
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
a) Name Parsley Box Group plc
b) LEI 21380011BEY3JSQ3AU68
Details of the transaction(s): section to be repeated for
4 (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
a) Description Ordinary shares of GBP0.01 each ("Shares")
of the financial
instrument,
type of instrument
Identification GB00BNK9TZ56
code
b) Nature of Release of award (in the form of nominal-value
the transaction options) over Shares pursuant to the Parsley
Box Group plc Management Incentive Plan
c) Price(s) and Price(s) Volume(s)
volume(s) GBP0.01 (exercise
price) 1,125,000
d) Aggregated N/A
information
-Aggregated
volume
- Price
e) Date of the 24 May 2022
transaction
f) Place of the Outside a trading venue
transaction
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