REG - Malvern Inter. PLC - Grant of Options

Malvern InternationalAnnouncement

21/01/2021 14:15

RNS Number : 5078M
  
Malvern International PLC
  
21 January 2021
  
 

21 January 2021
 
 
MALVERN INTERNATIONAL PLC
("Malvern" or the "Company")
 
Grant of EMI Share Options
Malvern International plc (AIM: MLVN), the global learning and skills development partner, announces that the Company is granting options to a director and certain employees over  102,750,000 ordinary shares of 0.1 pence each in the capital of the Company, pursuant to the Company's EMI share option scheme (the "EMI Options"). The EMI Options being granted represent 8.5 per cent. of the existing issued share capital of the Company. 
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 0.5 pence and the remaining half will vest when the mid-market share price of the Company reaches 0.9 pence. 
The exercise price of the EMI Options is 0.15 pence each. 
Of the total EMI Options granted, 29,500,000 EMI Options have been granted to Richard Mace, Chief Executive Officer of the Company.
The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.



For further information please contact:
 








Malvern International Plc


www.malverninternational.com 




Mark Elliott - Chairman


Via Communications Portfolio




Richard Mace - Chief Executive Officer
 








WH Ireland (NOMAD & Broker)


www.whirelandcb.com 




Mike Coe / Chris Savidge


0207 220 1666














Media enquiries








Communications Portfolio 


ariane@communications-portfolio.co.uk 




Ariane Comstive


+44 7785 922 354








 
 



1 
 


Details of the person discharging managerial responsibilities / person closely associated 
 




a) 
 


Name
 
 


Richard Mace




2 
 


Reason for the notification 
 




a) 
 


Position/status 
 
 


Chief Executive Officer




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 


EMI Share options over ordinary shares of 0.1p each 














Identification code 


GB00B04XB679














b) 
 


Nature of the transaction 
 
 


Grant of options




c) 
 


Price(s) and volume(s) 




























Price(s)


Volume(s)








Grant of options






0.15p


29,500,000






























d) 
 


Aggregated information 






























- Aggregated volume






29,500,000






















- Price






£44,250






















e) 
 


Date of the transaction 
 


21 January 2021




f) 
 


Place of the transaction 


London Stock Exchange, AIM



 
 
 
 
 
 

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