Arena Events Group plc (AIM: ARE), announces that share options to acquire ordinary shares of 1 penny each in the Company ("Share Options") have been granted to incoming CFO, Steve Trowbridge, under the Company's existing Share Option Plan put in place at the time of the IPO in 2017 (the "Plan").
Steve will be issued 2,162,162 Share Options at an exercise price of 18.5p, vesting 720,721 on the third anniversary of grant, 720,721 on the fourth anniversary and 720,720 on the fifth anniversary.
The Awards shall vest only to the extent that the conditions set by the Remuneration Committee are satisfied and subject to the Rules of the Plan.
Arena Events Group plc
Greg Lawless (CEO)
Piers Wilson (CFO)
Cenkos Securities (Nomad and Broker)
+44(0)203 770 3838
+44(0)207 397 8900
Max Hartley (Corporate Finance)
Julian Morse (Sales)
Alma PR (Financial PR)
+44(0)203 405 0205
Josh Royston, John Coles, Helena Bogle
Details of the person discharging managerial responsibilities / person closely associated
Reason for the notification
Incoming Group CFO
Initial notification /Amendment
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Area Events Group plc
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
Description of the financial instrument, type of instrument
Options over ordinary shares of 1 pence each
Nature of the transaction
Grant of options to purchase ordinary shares of 1p each under the Arena Group Employee Share Options Scheme
Price(s) and volume(s)
- Aggregated volume
N/A - single transaction
Date of the transaction
17 September 2019
Place of the transaction
Outside of a trading venue
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