British Honey Co. - Grant of Options
RNS Number : 7179G
British Honey Company PLC (The)
19 March 2020
 

19 March 2020

The British Honey Company

("BHC" the "Company")

Grant of Options

BHC, the premium British Honey and Infused Spirits brand, announces that, on 18 March 2020, it granted the following options over ordinary shares in the capital of the Company ("Shares"), as referred to in the Company's recent admission document, to Directors and management, as follows:

 

Name

Number of Options Granted

Number of Shares Held

Number of Options/ Warrants Held

Percentage of Fully Diluted Share Capital

Michael Williams

412,000 (1)

601,539

185,000

9.97%

Robert Porter-Smith

200,000

865,000

-

8.86%

Philip Seers

200,000

363,636

109,091

5.60%

The Rt Hon Sir Hugo Swire KCMG

100,000

145,455

146,636

3.26%

Guifang Luo

100,000

198,020

-

2.48%

Martin Riley

100,000

-

-

0.83%

 

(1) The Company plans to seek EMI treatment in respect of 227,272 of these shares. Included within the grant of options are 4,500 options granted to Caroline Williams, a member of management and the wife of Michael Williams.

 

The options are exercisable at price of 110p per share and have an exercise period of three years following vesting.  A third of the options awarded vest on each anniversary of the award.

 

In addition to the options granted above, on 18 March 2020, the Company also granted 13,351 warrants to certain other parties at an exercise price of 110p per share with an exercise period of three years.

 

The grant of options to directors is considered to be a related party transaction pursuant to Rule 52 of the Aquis Stock Exchange's Rules for Issuers.  The names of the related parties and their relationship with the Company is disclosed below.  Alastair Wallace the only director not receiving shares in this award has considered the terms of the award and believes them to be fair and reasonable insofar as the Company's shareholders are concerned.

 

The Company further announces that it has changed its auditors to Nexia Smith & Williamson for the forthcoming audit which will commence following the Company's year end on 31 March 2020.

 

The Directors of the Company take responsibility for this announcement.  This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

Enquiries:

 

The British Honey Company

Tel: +44 (0)80 0368 7612

Michael Williams, Founder and CEO




Cairn Financial Advisers LLP (Aquis Stock Exchange Corporate Adviser)

Tel: +44 (0)20 7213 0880

Jo Turner / Liam Murray / Mark Rogers




Stanford Capital Partners (Broker)

Tel: +44 (0)20 3815 8880

Patrick Claridge / John Howes / Bob Pountney




IFC Advisory (PR)

Tel: +44 (0)20 3934 6630

Graham Herring / Florence Chandler




For further information, visit: www.britishhoney.co.uk

 

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

a)    Michael Williams

b)    Robert Porter-Smith

c)    Philip Seers

d)    The Rt Hon Sir Hugo Swire KCMG

e)    Guifang Luo

f)     Martin Riley

2

Reason for notification

  

a.

Position/Status

a)    CEO

b)    Executive Director

c)    Non-executive Director

d)    Non-executive Chairman

e)    Non-executive Director

f)     Non-executive Director

b.

Initial notification/

Amendment

Initial notification

3

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

a.

Name

The British Honey Company plc

b.

LEI

213800OJDDM3CJOO1C69

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

Options over ordinary shares of 10p each

 

ISIN: GB00B64Q0333

b.

Nature of the transaction

Grant of share options

c.

Price(s) and volume(s)







Price(s)

Volume(s)


a)    110

b)    110

c)    110

d)    110

e)    110

f)     110

 

a)    400,000

b)    200,000

c)    200,000

d)    100,000

e)    100,000

f)     100,000


 

 

e.

Date of the transaction

18 March 2020

f.

Place of the transaction

UK

 

 


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