REG - Norman Broadbent PLC - SAYE Option Plan & Director Holding

Norman BroadbentAnnouncement

30/06/2023 07:00

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RNS Number : 4519E  Norman Broadbent PLC  30 June 2023

  30 June 2023

 

Norman Broadbent plc

("Norman Broadbent" or the "Company")

 

 Establishment of SAYE Option Plan,

Grant of Options

and

Director/PDMR Shareholding

 

 

Norman Broadbent (AIM: NBB), a leading London quoted Executive Search and
Interim Management firm offering a diversified portfolio of integrated
Leadership Acquisition & Advisory Services, announces that it has granted
options over its ordinary shares of 1p each ("Shares") ("Options") to certain
employees under its newly established, tax advantaged SAYE Option Plan (the
"SAYE Plan").

All individuals (including both of the Company's executive Directors) who were
employed by the Group as at 12 June 2023 (the "Eligible Employees") were
invited to apply for the grant of Options over Shares with an exercise price
of £0.05 per Share, which represents a 20 per cent. discount to the closing
middle market price of a Share on 12 June 2023 (being the dealing day before
the invitation for Eligible Employees to participate was issued).

The Options have a contract start date of 1 August 2023 and will normally be
exercisable between 3 August 2026 and 1 February 2027.

A total of 26 Eligible Employees elected to participate in the SAYE Plan and,
pursuant to these elections, Options over a total of 4,500,000 Shares have
been granted representing approximately 7 per cent. of the Company's issued
share capital.  Included within this total are Options granted to both of the
Company's executive Directors and one person discharging managerial
responsibility ("PDMR") as follows:

 

 Name            Director/PDMR                   No. of Shares over which Options granted
 Kevin Davidson  Chief Executive Officer         360,000
 Mehr Malik      Chief Financial Officer         180,000
 Sean Bergin     Chief Operating Officer (PDMR)  216,000

 

The following notifications are intended to satisfy the Company's obligations
under Article 19(3) of EU Regulation No 596/2014 (the Market Abuse
Regulation).

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         1.   Kevin Davidson

                                                                  2.   Mehr Malik

                                                                  3.   Sean Bergin
 2   Reason for the notification
 a)  Position/status                                              1.   Chief Executive Officer

                                                                  2.   Chief Financial Officer

                                                                  3.   Chief Operating Officer
 b)  Initial notification/ Amendment                              Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Norman Broadbent plc
 b)  LEI                                                          213800E5YN5TA934XA23
 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  Ordinary shares of 5p each ("Shares")
     Identification code                                          GB00B3VF4Y66
 b)  Nature of the transaction                                    Grant of options over Shares pursuant to the Norman Broadbent plc SAYE Option
                                                                  Plan
 c)  Price(s) and volume(s)                                           Price(s)                 Volume(s)
                                                                  1.  £0.05 (exercise price)   756,000
                                                                  2.
 d)  Aggregated information

     -   Aggregated volume                                        1.   N/A single transaction

     -   Price                                                    2.   N/A single transaction
 e)  Date of the transaction                                      29.06.23
 f)  Place of the transaction                                     London Stock Exchange

d)

Aggregated information

-   Aggregated volume

-   Price

 

1.   N/A single transaction

2.   N/A single transaction

e)

Date of the transaction

29.06.23

f)

Place of the transaction

London Stock Exchange

 

 

 

 

For further Information, please contact:

Norman Broadbent plc
                                          020
7484 0000

Kevin Davidson, CEO

Mehr Malik, CFO

Shore Capital (Nominated Adviser and Broker)
                      020 7408 4090

Tom Griffiths / Tom Knibbs (Corporate Advisory)

Henry Willcocks (Corporate Broking)

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