REG-Marechale Capital Plc: Grant of Options to Directors

Marechale CapitalAnnouncement

11/12/2020 12:50

Marechale Capital plc

(“Marechale” or the “Company”)

Grant of Options to Directors

Marechale Capital plc (AIM:MAC) announces that it has granted options in
aggregate over 4,354,927 ordinary shares to Patrick Booth-Clibborn and Mark
Warde-Norbury ("the Share Options") at 1.25p per share. The Share Options,
which were approved by shareholders at the Company’s annual general meeting
on 23 September 2019, were granted on 10 December 2020 and represent
approximately 7.55% of the Company's current issued share capital.

The Share Options were awarded as follows:

                          Share Options Prior to Grant  Number of Share Options Granted  Resultant Number of Share Options Held  As a % of Current Issued Share Capital 
 Patrick Booth-Clibborn                      4,395,303                        4,037,681                               8,432,984                                  14.62% 
 Mark Warde-Norbury                            547,971                          317,246                                 865,217                                   1.50% 

Following the grant of the Share Options, the Company will have 9,846,172
options in issue representing 17.1% per cent of the issued share capital in
aggregate.

The Share Options have been granted in accordance with rules of the Marechale
Capital plc Enterprise Management Incentive Share Option Plan, which has been
modified following shareholder approval to increase the total number of
options that may be awarded.  The Share Options granted have an exercise
price or 1.25p and vest one-third per annum on the anniversary date of the
grant. They are not subject to performance criteria and will expire on the
fifth anniversary of the earliest date of exercise, the latter taken to be the
date on which the options have vested.

The grant of Share Options to the Directors described above, is a related
party transaction for the purposes of Rule 13 of the AIM Rules. With the
exception of Patrick Booth-Clibborn and Mark Warde-Norbury, the directors
consider, having consulted with the Company's Nominated Adviser Cairn
Financial Advisers LLP, that the terms of the transaction are fair and
reasonable insofar as shareholders are concerned.

This announcement contains inside information for the purposes of Article 7 of
EU Regulation 596/2014.

For further information please contact:

 Marechale Capital plc Mark Warde-Norbury / Patrick Booth-Clibborn               Tel: +44 (0)20 7628 5582 
 Cairn Financial Advisers LLP (Nomad) Jo Turner / Sandy Jamieson / Mark Rogers   Tel: +44 (0)20 7213 0880 
 Novum Securities Limited (Broker) Colin Rowbury                                 Tel: +44 (0)20 7399 9427 

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

 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. Patrick Booth-Clibborn                                                                                                                                                                    
                                                                                       2. Mark Warde-Norbury                                                                                                                                                                        
 2   Reason for notification                                                                                                                                                                                                                                                        
 a.  Position/Status                                                                   1. Chief Executive                                                                                                                                                                           
                                                                                       2. Executive Chairman                                                                                                                                                                        
 b.  Initial notification/ Amendment                                                   Initial                                                                                                                                                                                      
 3   Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor                                                                                                                                                                  
 a.  Name                                                                              Marechale Capital plc                                                                                                                                                                        
 b.  LEI                                                                               213800WAVVOPS85N2205                                                                                                                                                                         
 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  Ordinary Shares   ISIN: GB0005401087                                                                                                                                                         
 b.  Nature of the transaction                                                         Grant of share options at an exercise price of 1.25 pence                                                                                                                                    
 c.  Price(s) and volume(s)                                                                                                                                                                                                                                                         
                                                                                                                  Volume(s)                  Exercise Price (p)                                                                                                                     
     1. 4,037,681                                                                                                 1.25p                                                                                                                                  
                                                                                                                  b) 317,246                 1.25p                                                                                                                                  
                                                                                                                                                                                                                                     
 d.  Aggregated information  - Aggregated Volume - Price                               4,354,927 1.25 pence                                                                                                                                                                         
 e.  Date of the transaction                                                           10/12/2020                                                                                                                                                                                   
 f.  Place of the transaction                                                          London Stock Exchange, AIM                                                                                                                                                                   
                                                                                                                                                                                                                                                                                    



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