Nightcap PLC Director interests and grant of share options (2897T)

TIDMNGHT

RNS Number : 2897T

Nightcap PLC

23 November 2021

Nightcap plc

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

Director and PDMR interests

and

grant of share options to employees

Interests of Directors and persons discharging managerial responsibilities (PDMRs)

Nightcap (AIM: NGHT) announces that, following the issue of the 5,682,609 Consideration Shares announced on 22 November 2021, Nightcaps' Directors now have the following percentage interests in the Company's issued ordinary share capital:

 
                                Following the issue of the Consideration 
                                 Shares 
                                Number of Ordinary    Percentage of issued 
                                 Shares held           ordinary share 
                                                       capital 
 Director 
 Michael Willingham-Toxvaerd    12,552,501            6.57% 
 Sarah Willingham-Toxvaerd      21,686,584            11.34% 
 Tobias Van der Meer            9,050,000             4.73% 
 Lance Moir                     360,000               0.19% 
 Thi-Hanh Jelf                  180,000               0.09%

In addition, certain of Nightcap's persons discharging managerial responsibilities ("PDMRs") now have the following percentage interests in the Company's issued ordinary share capital:

 
                        Following the issue of the 
                         Consideration Shares 
                        Number of          Percentage of issued 
                         Ordinary Shares    ordinary share 
                         held               capital 
 PDMR 
 John James Goodman*    16,032,157         8.39% 
 James Hopkins          8,105,810          4.24% 
 Tobias Jackson         1,277,433          0.67% 
 Thomas Kidd            1,668,737          0.87%

* Includes 901,312 Ordinary Shares held by CGCC Ltd which is beneficially owned and controlled by John James Goodman.

Grant of options to employees

The Company also announces that it has today granted a total of 1,050,000 share options to 13 of the Group's employees (none of whom are Directors or PDMRs) under a Company Share Option Plan scheme (the "CSOP Options") which the Company has put in place.

All of the CSOP Options have been granted with an exercise price of 20 pence, representing the closing mid-market share price on 22 November 2021. The CSOP Options will become exercisable from the third anniversary of the grants until the tenth anniversary of the date of the grants, but will only be exercisable when and if the Company was profitable in the prior accounting year (for these purposes, "profitable" means taking the Company's reported consolidated profit before tax for the relevant prior accounting year and adding back interest, depreciation and amortisation, exceptional items and non-recurring costs).

Capitalised terms in this announcement shall have the meanings given to such terms in the announcement issued by the Company dated 22 November 2021 unless otherwise defined herein.

For further enquiries:

 
 Nightcap plc 
  Sarah Willingham / Toby Rolph / Gareth Edwards      c/o We Are The Romans 
 
   Allenby Capital Limited (Nominated Adviser         +44 (0) 20 3328 5656 
   and Broker)                                        www.allenbycapital.com 
   Nick Naylor / Alex Brearley / Piers Shimwell 
   (Corporate Finance) 
   Matt Butlin / Amrit Nahal / Tony Quirke 
   (Sales and Corporate Broking) 
 The Romans (Financial PR)                          https://www.wearetheromans.com/ 
  Courtney Hamilton-Foad (Account Manager)           +44 (0)7402 911 817 
                                                     Nightcap@wearetheromans.com

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END

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November 23, 2021 05:59 ET (10:59 GMT)

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