Malvern International PLC Grant of Options (1390I)
November 30 2022 - 10:11AM
UK Regulatory
TIDMMLVN
RNS Number : 1390I
Malvern International PLC
30 November 2022
30 November 2022
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 executive directors and certain employees over 575,000
ordinary shares of 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
previously granted EMI Options of 2,002,500 (as adjusted by the
recent share reorganisation) represent 8.2 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 60 pence and the
remaining half will vest when the mid-market share price of the
Company reaches 110 pence.
The exercise price of the new EMI Options is 10 pence each.
Of the total EMI Options granted in this tranche, 85,000 have
been granted to Richard Mace, Chief Executive and 120,000 have been
granted to Daniel Fisher, Chief Financial Officer.
For further information please contact:
Malvern International Plc www.malverninternational.com
Richard Mace - Chief Executive Via website
Officer
NOMAD and Broker www.whirelandcm.com
WH Ireland Limited
Mike Coe / Sarah Mather +44 20 7220 1666
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Richard Mace
------------------------------------- -------------------------------------
Reason for the notification
2
----------------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------------------- -------------------------------------
b) Initial notification Initial Notification
/Amendment
------------------------------------- -------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name Malvern International plc
------------------------------------- -------------------------------------
b) LEI 213800VWAV2HXY1OUT29
------------------------------------- -------------------------------------
Details of the transaction(s): section to be repeated
4 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 1p each
type of instrument
Identification code GB00BNBVJZ07
b) Nature of the transaction Grant of options
------------------------------------- -------------------------------------
c) Price(s) and volume(s)
Price(s) Volume(s)
Grant of options 10p 85,000
d) Aggregated information
- Aggregated volume 85,000
- Price GBP8,500
e) Date of the transaction 30 November 2022
------------------------------------- -------------------------------------
f) Place of the transaction London Stock Exchange, AIM
------------------------------------- -------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Daniel Fisher
------------------------------------- -------------------------------------
Reason for the notification
2
----------------------------------------------------------------------------
a) Position/status Chief Financial Officer
------------------------------------- -------------------------------------
b) Initial notification Initial Notification
/Amendment
------------------------------------- -------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name Malvern International plc
------------------------------------- -------------------------------------
b) LEI 213800VWAV2HXY1OUT29
------------------------------------- -------------------------------------
Details of the transaction(s): section to be repeated
4 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 1p each
type of instrument
Identification code GB00BNBVJZ07
b) Nature of the transaction Grant of options
------------------------------------- -------------------------------------
c) Price(s) and volume(s)
Price(s) Volume(s)
Grant of options 10p 120,000
d) Aggregated information
- Aggregated volume 120,000
- Price GBP12,000
e) Date of the transaction 30 November 2022
------------------------------------- -------------------------------------
f) Place of the transaction London Stock Exchange, AIM
------------------------------------- -------------------------------------
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END
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