REG - Malvern Inter. PLC - Appointment of CDO & Grant of EMI Options

Malvern InternationalAnnouncement

15/11/2023 07:00

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RNS Number : 4545T  Malvern International PLC  15 November 2023

15 November 2023

MALVERN INTERNATIONAL PLC

("Malvern" or the "Company")

 

Appointment of Chief Development Officer and Grant of EMI Options

Malvern International plc (AIM: MLVN), the global learning and skills
development partner, is pleased to announce the non-board appointment of
Stephen Harvey as Chief Development Officer with responsibility for growing
its global network of University and Higher Education partnerships. The
Company also announces the grant of options to certain employees, pursuant to
the Company's EMI share option scheme (the "EMI Options").

Stephen Harvey has 40 years' experience in the global education sector. He has
held a number of senior positions across policy, governance and teaching
including: Non-Executive Director at Sannam S4;  Founder and Global Managing
Director of Cambridge Education Group's ONCAMPUS Higher Education Pathways
Division; Head of Higher Education Advisory Services at KPMG UK; Project
Manager, UK Government Department for Education Strategy & Innovation
Unit; and UK Managing Director of Study Group. Steve is currently a Trustee
of Cumberland Lodge.

Steve has also held the positions of: joint Director of a University Business
School; Principal Lecturer, Head of Department in Accounting & Finance;
and Director of the International Office at two UK Universities.

Richard Mace, Chief Executive Officer, said: "I am extremely pleased to
welcome Stephen to Malvern. As a leading authority in our industry, Steve's
extensive experience and network will be invaluable to next stage of Malvern's
development as we look to expand our university partnerships."

Stephen Harvey, Chief Development Officer, said: "I am delighted and honoured
to be joining Malvern at such an exciting time it its development - we are
looking forward to building upon our considerable achievements to date. As the
new Chief Development Officer, I am committed to fostering high academic
quality, innovation and growth - turning our considerable opportunities into
realities - and working with our growing world-class team to deliver
sector-leading outcomes in partnership with the world's leading Universities."

Grant of EMI Options

The Company has granted 287,500 EMI Options to certain employees pursuant to
the Company's EMI share option scheme. 100,000 of these EMI Options are being
awarded to Stephen Harvey as part of his service agreement and incentive plan.

The EMI Options will vest after three years once defined share price levels
have been attained for 40 consecutive business days. Half of the individual
EMI Options awards will vest when the mid-market share price of the Company
reaches 115 pence and the remaining half will vest when the mid-market share
price of the Company reaches 150 pence. The exercise price of the new EMI
Options is 23.5 pence each, being the closing mid-market price on 14 November
2023.

 

 For further information please contact:
 Malvern International Plc                www.malverninternational.com (http://www.malverninternational.com/)
 Mark Elliott - Chairman                  Via our website
 Richard Mace - Chief Executive Officer

 WH Ireland (NOMAD & Broker)              www.whirelandcb.com (http://www.whirelandcb.com/)
 Mike Coe / Sarah Mather                  0207 220 1666

 

Notes to Editors:

 

Malvern International is a learning and language skills development partner,
offering international students essential academic and English language
skills, cultural experiences and the support they need to thrive in their
academic studies, daily life and career development.

 

University Pathways - on and off-campus university pathway programmes helping
students progress to a range of universities, as well as in-sessional and
pre-sessional courses.

 

Malvern House Schools - British Council accredited English Language Training
at English UK registered schools in London, Brighton and Manchester.

 

Juniors and summer camps - fully-immersive summer residential English language
camps and bespoke group programmes for 13 to 18 year olds.

 

For further investor information go to www.malverninternational.com
(http://www.malverninternational.com/)

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Stephen Harvey

 2    Reason for the notification

 a)   Position/status                                              PDMR

 b)   Initial notification /Amendment                              Initial Notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Malvern International plc

 b)   LEI                                                          213800VWAV2HXY1OUT29

 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  Ordinary Shares of 1p each

      Identification code                                          GB00BNBVJZ07

 b)   Nature of the transaction                                    Grant of Options

 c)   Price(s) and volume(s)

                                                                                     Price(s)  Volume(s)
                                                                                     Grant of Options  23.5p     100,000

 d)   Aggregated information

      - Aggregated volume                                                            100,000

                                                                   £23,500
      - Price

 e)   Date of the transaction                                      14 November 2023

 f)   Place of the transaction                                     Outside a trading venue

d)

 

Aggregated information

- Aggregated volume

100,000

 

 

 

£23,500

- Price

e)

 

Date of the transaction

 

14 November 2023

f)

 

Place of the transaction

Outside a trading venue

 

 

 

 

 

 

 

 

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