Mortgage Adv. Bureau - Grant of Options, PDMR Dealing and TVR

Mortgage Advice Bureau (Holdings)

30/04/2025 17:15

RNS Number : 9109G

Mortgage Advice Bureau (Hldgs) PLC

30 April 2025

 

30 April 2025

Mortgage Advice Bureau (Holdings) plc

 

("MAB" or the "Company")

 

Grant of Options, PDMR Dealing, and Total Voting Rights

 

Mortgage Advice Bureau (Holdings) plc (AIM: MAB1.L) announces that a total of 408,418 options over ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") (the "Options") have been granted on 29 April 2025 to the Executive Directors and senior executives of MAB. The Options have been granted under the Mortgage Advice Bureau Executive Share Option Plan and exercise of the Options is subject to the achievement of a performance condition based on growth in adjusted diluted earnings per share (the "Performance Condition") over the period of 1 January 2025 to 31 December 2027. Subject to achievement of the Performance Condition, the Options will become exercisable on 29 April 2028.  The exercise price for the Options is 0.1 pence, being the nominal cost of Ordinary Shares.

 

A number of Persons Discharging Managerial Responsibility ("PDMR") were granted Options as set out below:

PDMR
Number of Options granted
Total number of options
Number of Shares owned (not including Options)
Percentage owned
Peter Brodnicki
62,344
308,676
10,401,557
17.95%
Ben Thompson
62,344
248,711
93,682
0.16%
Emilie McCarthy
57,793
107,135
3,265
0.01%
Paul Gill
18,703
33,848
1,383
0.00%

 

Separately, MAB announces that, on 29 April 2025, a one-off grant of 534,660 Options over Ordinary Shares was awarded to senior executives of Fluent Money Limited ("Fluent") under the Fluent Money Limited Long-Term Incentive Plan 2025. Each Option is subject to Performance Conditions. The Exercise of each Option is subject to the Optionholder agreeing to be bound by the Rules of the Plan, the Performance Conditions and any other terms applying to the relevant Option. 75% of the Shares subject to each Option granted will vest on 29 April 2028 and the remaining on 29 April 2029. For each date the Committee will determine the extent to which the Performance Conditions have been satisfied. The exercise price for the Options is 0.1 pence, being the nominal cost of Ordinary Shares.

 

The total number of Ordinary Shares now under option is 1,696,871 representing 2.9% of the Company's issued share capital.

 

In accordance with the Disclosure and Transparency Rules (DTR 5.6.1R) the Company notifies the market of the following:

 

As at the date of this announcement, the Company's issued share capital consists of 57,956,789 ordinary shares of 0.1 pence each ("Ordinary Shares"), with voting rights. The Company does not hold any Ordinary Shares in Treasury.

 

Therefore, the total number of Ordinary Shares with voting rights is 57,956,789, and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

 

ENDS

 

 

Enquiries:

Mortgage Advice Bureau (Holdings) plc
Via Camarco
Peter Brodnicki, Chief Executive Officer
Ben Thompson, Deputy Chief Executive Officer
Emilie McCarthy, Chief Financial Officer
Nominated Adviser and Joint Broker
Keefe, Bruyette & Woods, a Stifel Company
Erik Anderson / Nick Harland / Francis North
+44 (0)20 7710 7600
Joint Broker
Berenberg
James Felix / Michael Burke / Dan Gee-Summons
+44 (0) 20 3207 7800
Joint Broker
Peel Hunt LLP
Andrew Buchanan / Oliver Jackson
+44 (0) 20 7418 8900
Financial PR
Camarco
Tom Huddart / Louise Dolan / Letaba Rimell
mab@camarco.co.uk
+44 (0) 203 757 4980
Investor Relations
Investor.relations@mab.org.uk

 

About Mortgage Advice Bureau:

MAB is one of the UK's leading consumer intermediary brands and specialist networks for mortgage advisers. 

 

Through its partner firms known as Appointed Representatives (ARs), MAB has approximately 2,000 advisers providing expert advice to customers on a range of mortgage, specialist lending, protection, and general insurance products. MAB supports its AR firms with proprietary technology and services, including adviser recruitment and lead generation, learning and development, compliance auditing and supervision, and digital marketing and website solutions.

For more information, visit www.mortgageadvicebureau.com

 

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
Peter Brodnicki
2
Reason for the notification
a)
Position/status
Person Discharging Managerial Responsibility, Executive Director
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Mortgage Advice Bureau (Holdings) plc
b)
LEI
2138008AY1RA61T6W960
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 of 0.1 pence each
ISIN: GB00BQSBH502
b)
Nature of the transaction
Granting of Options over Ordinary Shares
c)
Price(s) and volume(s)
Price
No. of shares
Exercise price: 0.1 pence
62,344
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
29 April 2025
f)
Place of the transaction
Outside a trading venue

 

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Ben Thompson
2
Reason for the notification
a)
Position/status
Person Discharging Managerial Responsibility, Executive Director
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Mortgage Advice Bureau (Holdings) plc
b)
LEI
2138008AY1RA61T6W960
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 of 0.1 pence each
ISIN: GB00BQSBH502
b)
Nature of the transaction
Granting of Options over Ordinary Shares
c)
Price(s) and volume(s)
Price
No. of shares
Exercise price: 0.1 pence
62,344
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
29 April 2025
f)
Place of the transaction
Outside a trading venue

 

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Emilie McCarthy
2
Reason for the notification
a)
Position/status
Person Discharging Managerial Responsibility, Executive Director
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Mortgage Advice Bureau (Holdings) plc
b)
LEI
2138008AY1RA61T6W960
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 of 0.1 pence each
ISIN: GB00BQSBH502
b)
Nature of the transaction
Granting of Options over Ordinary Shares
c)
Price(s) and volume(s)
Price
No. of shares
Exercise price: 0.1 pence
57,793
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
29 April 2025
f)
Place of the transaction
Outside a trading venue

 

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Paul Gill
2
Reason for the notification
a)
Position/status
Person Discharging Managerial Responsibility, Executive Director
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Mortgage Advice Bureau (Holdings) plc
b)
LEI
2138008AY1RA61T6W960
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 of 0.1 pence each
ISIN: GB00BQSBH502
b)
Nature of the transaction
Granting of Options over Ordinary Shares
c)
Price(s) and volume(s)
Price
No. of shares
Exercise price: 0.1 pence
18,703
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
29 April 2025
f)
Place of the transaction
Outside a trading venue

 

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