REG - NAHL Group PLC - Grant of Awards under Group Share Option Plan

NAHLAnnouncement

02/05/2023 13:00

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RNS Number : 1424Y  NAHL Group PLC  02 May 2023

2 May 2023

NAHL Group PLC

("NAHL" or the "Group")

Grant of Awards under Group Share Option Plan

 

NAHL (AIM: NAH), a leading marketing and services business focused on the UK
consumer legal market, announces that on 28 April 2023, it awarded 1,146,000
options over new ordinary shares of 0.25 pence each in the Group ("Ordinary
Shares") to certain employees and directors of the Group under the NAHL Group
Share Option Plan.  This included awards to James Saralis and Chris Higham as
set out below:

 

 Name                Title                    Number of options granted  Exercise price
 James Saralis       Chief Executive Officer  310,000                    £0.0025
 Christopher Higham  Chief Financial Officer  210,000                    £0.0025

 

These options have been granted in line with the Group's Remuneration Policy
and are in the form of nominal cost share options each exercisable at the
nominal value of an Ordinary Share of 0.25p ("Restricted Share Awards") and
vest after three years, subject to continued employment with the Group.  In
addition, although no performance related vesting criteria will apply to the
Restricted Share Awards, the Remuneration Committee of the Board has
discretion to amend the number of Restricted Shares Awards to be vested should
the amount vesting not reflect the Remuneration Committee's assessment of
overall business performance.

 

Following the grant of these options, James Saralis is now interested in a
total of 999,313 share options in the Group and Chris Higham is now interested
in a total of 511,999 share options in the Group.

 

Following this grant there are a total of 3,984,282 share options granted over
unissued Ordinary Shares granted to directors and employees, representing
8.60% of the Group's current ordinary share capital of 46,325,222 Ordinary
Shares.

 

The below notifications made in accordance with the requirements of the UK
Market Abuse Regulation provide further detail:

 

 1.  Details of PDMR / person closely associated with them ("PCA")
 a)  Name                                                          Mr James Saralis
 2.  Reason for the notification
 a)  Position / status                                             Chief Executive Officer (Director and PDMR)
 b)  Initial notification / amendment                              Initial notification
 3.  Details of the issuer
 a)  Name                                                          NAHL Group plc
 b)  LEI                                                           213800FQN7XBX1S6U981

 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 0.25 pence each
 b)  Identification code                                           GB00BM7S2W63

 c)  Nature of the transaction                                     Grant of options
 d)  Price(s) and volume(s)

Price     Volume
                                                                   £0.0025   310,000
 e)  Aggregated information                                        As above

     -     Volume

     -     Price
 f)  Date of the transaction                                       28 April 2023
 g)  Place of the transaction                                      Outside of a trading venue

e)

Aggregated information

-     Volume

-     Price

As above

f)

Date of the transaction

28 April 2023

g)

Place of the transaction

Outside of a trading venue

 

 1.  Details of PDMR / person closely associated with them ("PCA")
 a)  Name                                                          Mr Christopher Higham
 2.  Reason for the notification
 a)  Position / status                                             Chief Financial Officer (PDMR)
 b)  Initial notification / amendment                              Initial notification
 3.  Details of the issuer
 a)  Name                                                          NAHL Group plc
 b)  LEI                                                           213800FQN7XBX1S6U981

 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 0.25 pence each
 b)  Identification code                                           GB00BM7S2W63

 c)  Nature of the transaction                                     Grant of options
 d)  Price(s) and volume(s)

Price     Volume
                                                                   £0.0025   210,000
 e)  Aggregated information                                        As above

     -     Volume

     -     Price
 f)  Date of the transaction                                       28 April 2023
 g)  Place of the transaction                                      Outside of a trading venue

e)

Aggregated information

-     Volume

-     Price

As above

f)

Date of the transaction

28 April 2023

g)

Place of the transaction

Outside of a trading venue

 

For further information:

 

 NAHL Group PLC                                                 via FTI Consulting

 James Saralis (CEO)                                            Tel: +44 (0) 20 3727 1000

 Chris Higham (CFO)

 Allenby Capital (AIM Nominated Nomad & Broker)                 Tel: +44 (0) 20 3328 5656

 Jeremy Porter/Vivek Bhardwaj (Corporate Finance)

 Amrit Nahal/Stefano Aquilino (Sales & Corporate Broking)

 FTI Consulting (Financial PR)                                  Tel: +44 (0) 20 3727 1000

 Alex Beagley                                                   NAHL@fticonsulting.com

 Sam Macpherson

 Amy Goldup

 

Notes to Editors

 

NAHL Group plc (AIM: NAH) is a leader in the Consumer Legal Services market.
The Group provides services and products to individuals and businesses in the
through its two divisions:

 

· Consumer Legal Services provides outsourced marketing services to law
firms through National Accident Helpline and claims processing services to
individuals through Your Law, Law Together and National Accident Law.  In
addition, it also provides property searches through Searches UK.

· Critical Care provides a range of specialist services in the catastrophic
and serious injury market to both claimants and defendants through Bush &
Co.

 

More information is available at www.nahlgroupplc.co.uk
(http://www.nahlgroupplc.co.uk/) , www.national-accident-helpline.co.uk
(http://www.national-accident-helpline.co.uk/)
, www.national-accident-law.co.uk (http://www.national-accident-law.co.uk/)
 and www.bushco.co.uk (http://www.bushco.co.uk/) .

 

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