REG - Norman Broadbent PLC - Issue of Equity

Norman BroadbentAnnouncement

14/11/2022 07:00

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RNS Number : 2058G  Norman Broadbent PLC  14 November 2022

14 November 2022

 

Norman Broadbent plc

(the "Company")

 

Issue of Equity,

 Director/PDMR shareholding

and

Total Voting Rights

 

Norman Broadbent plc (AIM: NBB), a leading quoted Executive Search and
Interim Management firm offering a diversified portfolio of integrated
Leadership Acquisition & Advisory Services, announces that it has issued
1,076,753 new ordinary shares of 1p each ("New Shares") at 3.75 pence per New
Share to an executive director of the Company ("Director"), certain Persons
Discharging Managerial Responsibilities ("PDMRs") and certain employees in
lieu of part of their annual cash bonus.

 

Application has been made to the London Stock Exchange for the New Shares to
be admitted to trading on AIM ("Admission"). It is expected that Admission and
dealings in the New Shares will occur at 8.00 a.m. on 18 November 2022.  The
New Shares will be issued credited as fully paid and rank in full for all
dividends and other distributions declared, made or paid after Admission and
will otherwise be identical to and rank pari passu in all respects with the
existing ordinary shares of 1p each in the capital of the Company ("Ordinary
Shares").

 

Director/PDMR shareholding

As set out above, a Director, certain PDMRs and certain employees have been
issued New Shares, details of which are set out below:

 

                                                                                                       Number of Ordinary Shares held immediately following Admission

                                    Number of New Shares issued in lieu of part of annual cash bonus

                                                                                                                                                                        Percentage of the Company's enlarged share capital held immediately following

                                                                                                                                                   Admission

                    Position held

 Name
 Kevin Davidson     CEO             161,333                                                            419,219                                                          0.68%
 Sean Buchan        COO(1)          158,400                                                            158,400                                                          0.26%
 John Begley        PDMR            187,953                                                            195,362                                                          0.32%
 Michael Diamond    PDMR            158,400                                                            308,400                                                          0.50%
 Certain employees  -               410,667                                                            410,667                                                          0.66%
 Total                              1,076,753

(1) On 24 August 2022, Sean Buchan was appointed as the Company's COO, a
non-Board role. Previously, Steve Smith, the Company's CFO, had also been the
COO

 

Total Voting Rights

Immediately following Admission, the Company will have 61,817,510 Ordinary
Shares in issue, none of which will be held in treasury.  Accordingly,
shareholders may use this figure as the denominator for the calculations by
which they will determine if they are required to notify their interest in, or
change to their interest in, the Company under the FCA's Disclosure Guidance
and Transparency Rules.

 

Peter Searle, Non-Executive Chairman of the Company, commented:

"I am delighted that certain members of the team have chosen to take New
Shares in lieu of part of their annual cash bonus thereby demonstrating their
continued commitment to the Company's growth and increase in shareholder
value."

 

 

For further Information, please contact:

Norman Broadbent plc
                          020 7484 0000

Peter Searle, Chairman

Kevin Davidson, CEO

Steve Smith, CFO

 

Shore Capital
                                 020 7408 4090

Nominated Adviser and Broker

Tom Griffiths / Tom Knibbs (Corporate Advisory)

Henry Willcocks (Corporate Broking)

 

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