TIDMB90

RNS Number : 6590W

B90 Holdings PLC

19 April 2023

19 April 2023

B90 Holdings plc

("B90", the "Company" or the "Group")

Grant of Options

B90 Holdings (AIM: B90), the online marketing and operating company for the gaming industry , announces that it has granted options over, in aggregate, 11,500,000 ordinary shares of no par value ("Ordinary Shares") to certain directors and employees of the Company (the "Options").

The Options have an exercise price of 6.2p per share, being the latest closing mid-market price per Ordinary Share prior to grant . The terms of the Options are the same as the terms of the Company's Long Term Incentive Plan - May 2016 (as amended) . The Options will vest in equal instalments over the four years following the first anniversary of the date of grant and any of the Options that remain unexercised on the fifth anniversary of the date of grant will lapse. Details of the Options that have been granted to Directors are summarised in the table below:

 
 Individual(s)               Number of   Grant date   Exercise            Total number 
                       Options granted                   price    of options following 
                                                                            this issue 
 Ronny Breivik               3,000,000    18-Apr-23       6.2p               6,000,000 
                     -----------------  -----------  ---------  ---------------------- 
 Marcel Noordeloos           3,000,000    18-Apr-23       6.2p               8,100,000 
                     -----------------  -----------  ---------  ---------------------- 
 Mark Rosman                 3,000,000    18-Apr-23       6.2p               6,550,000 
                     -----------------  -----------  ---------  ---------------------- 
 Martin Fleisje                750,000    18-Apr-23       6.2p                 750,000 
                     -----------------  -----------  ---------  ---------------------- 
 

Following today's grant of Options, the Company has, in aggregate, 34,455,000 options outstanding, representing approximately 12.2% of its issued share capital.

 
  1    Details of the persons discharging managerial responsibilities 
 a    N a me                          1. Ronny Breivik 
  )                                    2. Marcel Noordeloos 
                                       3. Mark Rosman 
                                       4. Martin Fleisje 
     -------------------------  ---------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a    Position / s t a tus            1. (Interim) Executive Chairman 
  )                                    2. Finance Director 
                                       3. Non-Executive Director 
                                       4. Non-Executive Director 
     -------------------------  ---------------------------------------- 
 b)   Initial notification            Initial notification 
       / Amendment 
     -------------------------  ---------------------------------------- 
 3     Details of the issuer 
     ------------------------------------------------------------------- 
 a    Name                            B90 Holdings plc 
  ) 
     -------------------------  ---------------------------------------- 
 b)   LEI                             2138007KWLZHV5I1A979 
     -------------------------  ---------------------------------------- 
 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         Options over Ordinary Shares of no par 
       fina n cial instrume       value 
       n t , type of ins t 
       rument 
     -------------------------  ---------------------------------------- 
     Identification code         ISIN for Ordinary Shares: IM00BYT32K14 
     -------------------------  ---------------------------------------- 
 b)   Nature of t h e transact   Grant of options 
       i o n 
     -------------------------  ---------------------------------------- 
 c)   Price(s) a n d vo l         Option Price   Vo l ume (s) 
       ume (s)                      (s) 
                                                       1. 3,000,000 
                                                 ------------------ 
                                                       2. 3,000,000 
                                                 ------------------ 
                                                       3. 3,000,000 
                                                 ------------------ 
                                        6.2p           4. 750,000 
                                                 ------------------ 
     -------------------------  ---------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume         *    Options over 9,750,000 shares 
       - Price 
 
                                   *    6.2p per share (exercise price) 
     -------------------------  ---------------------------------------- 
 e)   Date of the transaction    18 April 2023 
     -------------------------  ---------------------------------------- 
 f)   Place of the transaction   Outside a trading venue. 
                                  New Ordinary Shares issued on exercise 
                                  of options will be admitted to trading 
                                  on AIM, London Stock Exchange 
     -------------------------  ---------------------------------------- 
 

For further information please contact:

   B90 Holdings plc                                                          +44 (0)1624 605 764 

Ronny Breivik, Interim Executive Chairman

Marcel Noordeloos, Chief Financial Officer

   Strand Hanson Limited (Nominated Adviser)         +44 (0)20 7409 3494 

James Harris / Richard Johnson / Rob Patrick

   Zeus Capital Limited (Broker)                                   +44 (0)20 3829 5000 

Louisa Waddell / Tim Dainton

   Belvedere (Financial PR & IR)                                    +44 (0)20 3008 6864 

John West / Llewellyn Angus

About B90 Holdings plc

B90 Holdings plc is a group of companies focused on the operation of its own online Sportsbook and Casino product as well as marketing activities for other online gaming companies.

Website: www.b90holdings.com

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END

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April 19, 2023 02:00 ET (06:00 GMT)

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