REG - Malvern Inter. PLC - Grant of Options

Malvern InternationalAnnouncement

30/11/2022 16:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221130:nRSd1390Ia&default-theme=true

RNS Number : 1390I  Malvern International PLC  30 November 2022

 

 

30 November 2022

 

 

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
executive directors and certain employees over 575,000 ordinary shares of 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 when added to
the previously granted EMI Options of 2,002,500 (as adjusted by the recent
share reorganisation) represent 8.2 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 60 pence and the remaining half will vest when the mid-market share
price of the Company reaches 110 pence.

 

The exercise price of the new EMI Options is 10 pence each.

 

Of the total EMI Options granted in this tranche, 85,000 have been granted to
Richard Mace, Chief Executive and 120,000 have been granted to Daniel Fisher,
Chief Financial Officer.

 

 

For further information please contact:

 

 Malvern International Plc                www.malverninternational.com (http://www.malverninternational.com/)

 Richard Mace - Chief Executive Officer   Via website

 NOMAD and Broker                         www.whirelandcm.com (http://www.whirelandcm.com)

 WH Ireland Limited

 Mike Coe / Sarah Mather                  +44 20 7220 1666

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

 

 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 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                                                               10p               85,000

 d)   Aggregated information

      - Aggregated volume                                                            85,000

      - Price                                                                        £8,500

 e)   Date of the transaction                                      30 November 2022

 f)   Place of the transaction                                     London Stock Exchange, AIM

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Daniel Fisher

 2    Reason for the notification

 a)   Position/status                                              Chief Financial 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 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                                                               10p               120,000

 d)   Aggregated information

      - Aggregated volume                                                            120,000

      - Price                                                                        £12,000

 e)   Date of the transaction                                      30 November 2022

 f)   Place of the transaction                                     London Stock Exchange, AIM

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHFLFIRLALIVIF