Grant of Warrants
08 May 2019
YOLO Leisure and Technology plc, the AIM-quoted company focusing on opportunities in the technology, media and leisure sectors, announces the grant of warrants to Simon Robinson and Sohail Bhatti, both directors of the Company, at an exercise price of 5p ("Warrants"). Details of the Warrants and the executive directors' other holdings of options and warrants are set out below.
| Director | Number of ordinary shares held prior to grant | Ordinary shares held as percentage of issued voting share capital | Number of options and warrants held prior to grant | Number of Warrants granted | Number of options and warrants held following grant |
| Simon Robinson | 1,389,201 | 2.66% | 980,000 | 2,000,000 | 2,980,000 |
| Sohail Bhatti | 66,667 | 0.13% | Nil | 2,000,000 | 2,000,000 |
The Warrants were granted on 7 May 2019 and may be exercised at any time up until 31 May 2022.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
Enquiries
| YOLO Leisure and Technology plc | |
| Simon Lee Robinson | [email protected] |
| Cairn Financial Advisers LLP | |
| Sandy Jamieson / Liam Murray | Tel: +44 20 7213 0880 |
| Peterhouse Corporate Finance Limited (Sole broker) | |
| Duncan Vasey / Lucy Williams | Tel: + 44 20 7220 9797 |
| Walbrook PR Ltd | Tel: +44 20 7933 8787 or [email protected] |
| Paul McManus Sam Allen |
+44 7980 541 893 +44 7884 664 686 |
| 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 | 1) Simon Robinson 2) Sohail Bhatti |
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| 2 | Reason for notification | ||||
| a. | Position/Status | 1) Executive Chairman 2) CFO |
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| b. | Initial notification/ Amendment | Initial notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a. | Name | YOLO Leisure & Technology plc | |||
| b. | LEI | 213800AYJZ2B8QNY7H15 | |||
| 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 |
Warrant over ordinary shares ISIN: GB00B6TG6Y69 |
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| b. | Nature of the transaction | Grant of warrants | |||
| c. | Price(s) and volume(s) | ||||
| Price(s) per share | Volume(s) | ||||
| 1) 5p 2) 5p |
1) 2,000,000 2) 2,000,000 |
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| d. | Aggregated information - Aggregated Volume - Price |
4,000,000 5p |
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| e. | Date of the transaction | 7 May 2019 | |||
| f. | Place of the transaction | AIM | |||