TIDMMSI
RNS Number : 5426L
MS International PLC
30 April 2020
30 April 2020
MS INTERNATIONAL plc
(the "Company")
Grant of options under the Company's LTIP and CSOP
Director/PDMR Shareholding
The Company announces that it has today granted options over a
total of 1,575,000 ordinary shares of 10 pence each in the capital
of the Company ("Ordinary Shares") to certain directors and
employees pursuant to the Company's Long Term Incentive Plan
("LTIP") and Company Share Option Plan ("CSOP").
Grants under the LTIP
Options over 500,000 Ordinary Shares have been granted under the
LTIP, exercisable at nil cost. The options granted under the LTIP
will vest in equal instalments on the second and third
anniversaries of the award date, subject to the share price
reaching or exceeding 300 pence for a consecutive 90 day period
following the date of grant. Vested options will expire if they
haven't been exercised after ten years from the date of grant.
Grants under the CSOP
Options over 1,075,000 Ordinary Shares have been granted under
the CSOP, exercisable at a price of 141 pence, being the share
price at the time of grant. Options over 400,000 Ordinary Shares
granted under the CSOP will vest as to one third on each of the
third, fourth and fifth anniversaries of the award date. The
remaining options granted under the CSOP will vest as to one third
on each of the third, fourth and fifth anniversaries of the award
date, subject to the share price reaching or exceeding 200 pence
for a consecutive 90 day period following the date of grant. Vested
options will expire if they haven't been exercised after ten years
from the date of grant.
Details of the grants of options over Ordinary Shares to persons
discharging managerial responsibilities are set out in the table
below.
Name and position Number of LTIP Number of CSOP Total resulting
options granted options granted number of options
over Ordinary
Shares
Michael Bell,
Executive Chairman 300,000 100,000 400,000
----------------- ----------------- -------------------
Michael O'Connell,
Finance Director 200,000 75,000 275,000
----------------- ----------------- -------------------
Nicholas Bell,
Executive Director nil 75,000 75,000
----------------- ----------------- -------------------
David Hansell,
Non-executive
Director nil 75,000 75,000
----------------- ----------------- -------------------
As noted in the Company's 2019 annual report, in addition to his
role as a Non-executive Director, David Hansell provides commercial
and leadership services to the Company's Defence division.
Accordingly, CSOP options have been granted to him to reflect his
contribution to the future development of this division.
Following the grant, options over 1,575,000 Ordinary Shares will
be in issue, representing approximately 9.4% of the Company's
issued share capital (excluding Ordinary Shares held in treasury).
However, the Company's employee benefit trust (EBT) currently holds
245,048 Ordinary Shares which it is intended will be used to
satisfy some of the options. Ignoring those options to be satisfied
from the EBT, options over 1,329,952 Ordinary Shares will be in
issue, representing approximately 7.94% of the Company's issued
share capital (excluding Ordinary Shares held in treasury).
The notifications below, made in accordance with the
requirements of the EU Market Abuse Regulation, provide further
details.
Template for notification and public disclosure of transactions
by persons discharging managerial responsibilities and persons
closely associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Mr Michael Bell
--------------------------- --------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Executive Chairman
--------------------------- --------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------- --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name MS INTERNATIONAL plc
--------------------------- --------------------------------------
b) LEI 213800Q34ZAXQ582YL41
--------------------------- --------------------------------------
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 Options over ordinary shares of 10
financial instrument, pence each
type of instrument
Identification code Ordinary Share ISIN: GB0005957005
--------------------------- --------------------------------------
b) Nature of the transaction 1. Grant of LTIP options
2. Grant of CSOP options
--------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1. Nil 300,000
----------
2. Nil 100,000
----------
--------------------------- --------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--------------------------- --------------------------------------
e) Date of the transaction 30 April 2020
--------------------------- --------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------- --------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Mr Michael O'Connell
--------------------------- --------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Finance Director
--------------------------- --------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------- --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name MS INTERNATIONAL plc
--------------------------- --------------------------------------
b) LEI 213800Q34ZAXQ582YL41
--------------------------- --------------------------------------
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 Options over ordinary shares of 10
financial instrument, pence each
type of instrument
Identification code Ordinary Share ISIN: GB0005957005
--------------------------- --------------------------------------
b) Nature of the transaction 1. Grant of LTIP options
2. Grant of CSOP options
--------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1. Nil 200,000
----------
2. Nil 75,000
----------
--------------------------- --------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--------------------------- --------------------------------------
e) Date of the transaction 30 April 2020
--------------------------- --------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------- --------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Mr Nicholas Bell
---------------------------- -------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Executive Director
---------------------------- -------------------------------------
b) Initial notification Initial notification
/Amendment
---------------------------- -------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name MS INTERNATIONAL plc
---------------------------- -------------------------------------
b) LEI 213800Q34ZAXQ582YL41
---------------------------- -------------------------------------
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 Options over ordinary shares of 10
financial instrument, pence each
type of instrument
Identification code Ordinary Share ISIN: GB0005957005
---------------------------- -------------------------------------
b) Nature of the transaction 1. Grant of CSOP options
---------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1. Nil 75,000
----------
---------------------------- -------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
---------------------------- -------------------------------------
e) Date of the transaction 30 April 2020
---------------------------- -------------------------------------
f) Place of the transaction Outside a trading venue
---------------------------- -------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Mr David Hansell
---------------------------- -------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Non-executive Director
---------------------------- -------------------------------------
b) Initial notification Initial notification
/Amendment
---------------------------- -------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name MS INTERNATIONAL plc
---------------------------- -------------------------------------
b) LEI 213800Q34ZAXQ582YL41
---------------------------- -------------------------------------
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 Options over ordinary shares of 10
financial instrument, pence each
type of instrument
Identification code Ordinary Share ISIN: GB0005957005
---------------------------- -------------------------------------
b) Nature of the transaction 1. Grant of CSOP options
---------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1. Nil 75,000
----------
---------------------------- -------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
---------------------------- -------------------------------------
e) Date of the transaction 30 April 2020
---------------------------- -------------------------------------
f) Place of the transaction Outside a trading venue
---------------------------- -------------------------------------
For further information please contact:
MS INTERNATIONAL plc Tel: +44 (0)13 0232 2133
Michael Bell
Shore Capital
Nomad and Broker Tel: +44 (0)20 7408 4090
Patrick Castle/Daniel Bush
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHIMMITMTTJBJM
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