REG - MS International PLC - Grant of Awards and Director/PDMR Shareholding
02/11/2023 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:20231102:nRSB2441Sa&default-theme=true
RNS Number : 2441S MS International PLC 02 November 2023
2 November 2023
MS INTERNATIONAL plc
(the "Company")
Grant of options and awards
Director/PDMR Shareholding
The Company announces that on 31 October 2023, it granted options over a total
of 117,900 ordinary shares of 10 pence each in the capital of the Company
("Ordinary Shares") to certain directors and employees pursuant to the Company
Share Option Plan ("CSOP"). The Company also announces that on the same day,
it granted phantom awards over 100,000 notional shares to Roger Lane-Smith,
Non-Executive Director of the Company.
Grants under the CSOP
Options over 117,900 Ordinary Shares (the "Options") have been granted under
the CSOP, exerciseable at a price of 720p, being the share price at the time
of grant. The Options will vest as to one third on each of the third, fourth
and fifth anniversaries of the award date. Vested options will expire if they
have not been exercised after ten years from the date of grant.
Details of the grants of options over Ordinary Shares to persons discharging
managerial responsibilities are set out in the table below.
Name and position Number of CSOP options granted
Michael Bell, Executive Chairman 4,150
Michael O'Connell, Finance Director 4,150
Nicholas Bell, Executive Director 4,150
David Hansell, Non-executive Director 4,150
As noted in the Company's 2023 annual report, in addition to his role as a
Non-executive Director, David Hansell provides commercial and leadership
services to the Company's Defence division. Accordingly, CSOP options have
been granted to him to reflect his contribution to the future development of
this division.
Following the grants, options over 1,072,693 Ordinary Shares will be in issue,
representing approximately 6.6% of the Company's issued share capital
(excluding Ordinary Shares held in treasury).
Grant of phantom award
The Company has granted a phantom award in respect of 100,000 notional shares,
exercisable at nil value, to Roger Lane-Smith to reflect his significant
contribution to the Board, and the Company's progess and international
development, and in order to retain and incentivise future service to the
Company (the "Phantom Award"). The Phantom Award will be cash-settled in
reference to the share price on the date of exercise. The vesting of the
phantom award is subject to continued service and will only vest in the event
of a future change of control of the Company. The Phantom Awards will lapse if
they have not vested within 10 years of grant.
Related Party Transaction
The grant of the Phantom Award to Roger Lane-Smith, as a director of the
Company, constitutes a related party transaction pursuant to Rule 13 of the
AIM Rules for Companies. The Company's directors who are independent of the
related party transaction (being all of the directors other than Roger
Lane-Smith) consider, having consulted with the Company's Nominated Adviser,
Shore Capital, that the terms of the related party transaction are fair and
reasonable insofar as the shareholders of the Company are concerned.
The notifications below, made in accordance with the requirements of the UK
Market Abuse Regulation, provide further details.
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 Mr Michael Bell
2 Reason for the notification
a) Position/status Executive Chairman
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name MS INTERNATIONAL plc
b) LEI 213800Q34ZAXQ582YL41
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 Options over ordinary shares of 10 pence each
Identification code ISIN: GB0005957005
b) Nature of the transaction Grant of CSOP options
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 4,150
d) Aggregated information
- Aggregated volume Aggregated volume: N/A
- Price Aggregated price: N/A
e) Date of the transaction 31 October 2023
f) Place of the transaction Off market transaction
d)
Aggregated information
- Aggregated volume
- Price
Aggregated volume: N/A
Aggregated price: N/A
e)
Date of the transaction
31 October 2023
f)
Place of the transaction
Off market transaction
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Mr Michael O'Connell
2 Reason for the notification
a) Position/status Finance Director
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name MS INTERNATIONAL plc
b) LEI 213800Q34ZAXQ582YL41
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 Options over ordinary shares of 10 pence each
Identification code ISIN: GB0005957005
b) Nature of the transaction Grant of CSOP options
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 4,150
d) Aggregated information
- Aggregated volume Aggregated volume: N/A
- Price Aggregated price: N/A
e) Date of the transaction 31 October 2023
f) Place of the transaction Off market transaction
d)
Aggregated information
- Aggregated volume
- Price
Aggregated volume: N/A
Aggregated price: N/A
e)
Date of the transaction
31 October 2023
f)
Place of the transaction
Off market transaction
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Mr Nicholas Bell
2 Reason for the notification
a) Position/status 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 MS INTERNATIONAL plc
b) LEI 213800Q34ZAXQ582YL41
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 Options over ordinary shares of 10 pence each
Identification code ISIN: GB0005957005
b) Nature of the transaction Grant of CSOP options
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 4,150
d) Aggregated information
- Aggregated volume Aggregated volume: N/A
- Price Aggregated price: N/A
e) Date of the transaction 31 October 2023
f) Place of the transaction Off market transaction
d)
Aggregated information
- Aggregated volume
- Price
Aggregated volume: N/A
Aggregated price: N/A
e)
Date of the transaction
31 October 2023
f)
Place of the transaction
Off market transaction
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Mr David Hansell
2 Reason for the notification
a) Position/status Non-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 MS INTERNATIONAL plc
b) LEI 213800Q34ZAXQ582YL41
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 Options over ordinary shares of 10 pence each
Identification code ISIN: GB0005957005
b) Nature of the transaction Grant of CSOP options
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 4,150
d) Aggregated information
- Aggregated volume Aggregated volume: N/A
- Price Aggregated price: N/A
e) Date of the transaction 31 October 2023
f) Place of the transaction Off market transaction
d)
Aggregated information
- Aggregated volume
- Price
Aggregated volume: N/A
Aggregated price: N/A
e)
Date of the transaction
31 October 2023
f)
Place of the transaction
Off market transaction
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Mr Roger Lane-Smith
2 Reason for the notification
a) Position/status Non-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 MS INTERNATIONAL plc
b) LEI 213800Q34ZAXQ582YL41
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 Phantom award over notional shares (right to cash equivalent value of Ordinary
Shares)
Identification code
ISIN: GB0005957005
b) Nature of the transaction Grant of phantom award
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 100,000
d) Aggregated information
- Aggregated volume Aggregated volume: N/A
- Price Aggregated price: N/A
e) Date of the transaction 31 October 2023
f) Place of the transaction Off market transaction
d)
Aggregated information
- Aggregated volume
- Price
Aggregated volume: N/A
Aggregated price: N/A
e)
Date of the transaction
31 October 2023
f)
Place of the transaction
Off market transaction
For further information please contact:
MS INTERNATIONAL
plc
Tel: +44 (0)13 0232
2133
Michael Bell
Shore Capital
Nomad and Broker
Tel: +44 (0)20 7408 4090
Patrick Castle/Daniel Bush/Lucy Bowden
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 MSCBLBDBDGGDGXDRecent news on MS International
See all newsREG - MS International PLC - Director/PDMR Shareholding
AnnouncementREG - MS International PLC - Holding(s) in Company
AnnouncementREG - MS International PLC - Half-year Report
AnnouncementREG - MS International PLC - Director/PDMR Shareholding
AnnouncementREG - MS International PLC - Grant of Awards and Director/PDMR Shareholding
Announcement