Nightcap has granted a total of 1,160,000 share options to a number of the employees.
All of the options have been granted with an exercise price of 11p, the closing mid-market share price on 29 June 2023.
1,000,000 Options have been granted to chief people officer Adam Dilks, while the remaining 160,000 options have been granted to group employees.
The options can be sold from the third anniversary of the grants until the tenth anniversary - subject to the group achieving previous year EBITDA profitability targets.
Following these option grants, Nightcap’s entire option pool is now equivalent to 11.3% of the company’s issued ordinary share capital.
