Malvern International PLC Grant of Options (3785K)
September 01 2021 - 4:08AM
UK Regulatory
TIDMMLVN
RNS Number : 3785K
Malvern International PLC
01 September 2021
1 September 2021
MALVERN INTERNATIONAL PLC
("Malvern" or the "Company")
Grant of EMI Share Options
Malvern International plc (AIM: MLVN), the global learning and
skills development partner, announces that the Company is granting
options to a director and certain employees over 58,750,000
ordinary shares of 0.1 pence each in the capital of the Company,
pursuant to the Company's EMI share option scheme (the "EMI
Options"). The EMI Options being granted when added to the
92,750,000 issued on 21 January 2021 total 151,500,000 and
represent 7.3 per cent. of the existing issued share capital of the
Company.
The EMI Options will vest after three years once defined share
price levels have been attained for 40 consecutive business days.
Half of the individual EMI options awards will vest when the
mid-market share price of the Company reaches 0.6 pence and the
remaining half will vest when the mid-market share price of the
Company reaches 1.1 pence.
The exercise price of the EMI Options is 0.22 pence each.
Of the total EMI Options granted in this tranche, 18,500,000
have been granted to Richard Mace, Chief Executive of the Company
adding to the 29,500,000 EMI options issued on 21 January 2021
taking Mr Mace's total of EMI options to 48,000,000.
The information below, set out in accordance with the
requirements of the EU Market Abuse Regulation, provides further
detail.
For further information please contact:
Malvern International Plc www.malverninternational.com
Richard Mace - Chief Executive Via Communications Portfolio
Officer
NOMAD and Broker www.whirelandcb.com
WH Ireland Limited
Mike Coe / Sarah Mather +44 20 7220 1666
Media enquiries
Communications Portfolio ariane.comstive@communications-portfolio.co.uk
Ariane Comstive +44 7785 922 354
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Richard Mace
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2 Reason for the notification
-------------------------------------------------------------------------
a) Position/status Chief Executive Officer
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b) Initial notification Initial Notification
/Amendment
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3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------
a) Name Malvern International plc
---------------------------------- -------------------------------------
b) LEI 213800VWAV2HXY1OUT29
---------------------------------- -------------------------------------
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 EMI Share options over ordinary
financial instrument, shares of 0.1p each
type of instrument
Identification code GB00B04XB679
b) Nature of the transaction Grant of options
---------------------------------- -------------------------------------
c) Price(s) and volume(s)
Price(s) Volume(s)
Grant of options 0.22p 18,500,000
d) Aggregated information
- Aggregated volume 18,500,000
- Price GBP40,700.00
e) Date of the transaction 1 September 2021
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f) Place of the transaction London Stock Exchange, AIM
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END
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