TIDMMAB1
RNS Number : 6747B
Mortgage Advice Bureau(Holdings)PLC
09 October 2020
9 October 2020
Mortgage Advice Bureau (Holdings) plc ("MAB" or the
"Company")
Issue of Equity and PDMR dealing
Mortgage Advice Bureau (Holdings) plc (AIM: MAB1.L) announces
that options to subscribe for 882,929 ordinary shares of 0.1 pence
each in the Company ("Ordinary Shares" and the "Options") have
yesterday been exercised by certain Directors. The Options were
issued pursuant to the Mortgage Advice Bureau Executive Share
Option Plan. Following the exercise of Options, certain Directors
have sold Ordinary Shares. The details of the exercise of Options
and sale of Ordinary Shares are set out below.
Initial holding Options Ordinary Resultant holding
(1) exercised Shares sold (1)
(2) (3)
D irector Number Percentage Number Percentage
of Ordinary of Issued of Ordinary of Issued
Shares Share Capital Shares Share Capital
Peter Brodnicki 1 3,997,910 2 6.83 451,329 973,012 13,476,227(4) 25.40
Lucy 199,508(
Tilley 17,957 0.03 199,508 (7) 17,957(5) 0.03
David 1,524,800(
Preece 1 ,524,800 2 .92 232,092 232,092 (6) 2.87
(1) Including those shares held by members of the shareholder's
family as defined in the AIM Rules for Companies and those held in
the Company's Share Incentive Plan.
(2) The Options exercised relate to options granted to the
Directors at the time of the IPO, in 2015 on Lucy Tilley's
appointment, in 2016, and in 2017, pursuant to the Mortgage Advice
Bureau Executive Share Option Plan.
(3) By the Director and/or his/her connected persons.
(4) Peter Brodnicki also holds options over 94,419 Ordinary
Shares, which have not yet vested.
(5) Lucy Tilley also holds options over 77,862 Ordinary Shares,
which have not yet vested.
(6) David Preece also holds options over 6,159 Ordinary Shares,
which have not yet vested.
(7) Immediately prior to sale of Ordinary Shares, Lucy Tilley
gifted for nil consideration 2,546 Ordinary Shares to her husband,
a family member for the purposes of the AIM Rules for
Companies.
Application has been made to the London Stock Exchange for the
882,929 Ordinary Shares to be admitted to trading on AIM
("Admission") and it is expected that Admission will become
effective at 8.00 a.m. on 15 October 2020.
Following Admission, the total number of Ordinary Shares in
issue will be 53,051,308 and the total number of voting rights will
therefore be 53,051,308. This figure may be used by shareholders as
the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change to
their interest in, the share capital of the Company under the FCA's
Disclosure and Transparency Rules.
The notification below is made in accordance with the
requirements of the EU Market Abuse Regulation.
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 1. P eter Brodnicki
2. Lucy Tilley
3. David Preece
--------------------- -------------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status 1. Ch ief Executive Officer
2. Chief Financial Officer
3. 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 Mortgage Advice Bureau (Holdings) plc
--------------------- -------------------------------------------------
b) LEI 2138008AY1RA61T6W960
--------------------- -------------------------------------------------
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 Ordinary Shares of 0.1 pence each
of the financial
instrument,
type of instrument ISIN: GB00BQSBH502
Identification
code
--------------------- -------------------------------------------------
b) Nature of Exercise of options
the transaction
--------------------- -------------------------------------------------
c) Price(s) and 1. Peter Brodnicki Price No. of shares
volume(s) 160.0p 162,500
357.75p 157,066
430.83p 131,763
--------------
2. Lucy Tilley Price No. of shares
219.0p 18,834
357.75p 96,264
430.83p 84,410
--------------
3. David Preece Price No. of shares
160.0p 55,228
357.75p 129,199
430.83p 47,665
--------------
--------------------- -------------------------------------------------
d) Aggregated Volume: 882,929
information Price (weighted average): 327.86p
- Aggregated
volume
- Price
--------------------- -------------------------------------------------
e) Date of the 8 October 2020
transaction
--------------------- -------------------------------------------------
f) Place of the London Stock Exchange, AIM
transaction
--------------------- -------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name 1. P eter Brodnicki
2. Lucy Tilley
3. David Preece
4. Bruce Tilley
--------------------- ----------------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------
a) Position/status 1. Ch ief Executive Officer
2. Chief Financial Officer
3. Non-Executive Director
4. Person closely associated with Lucy Tilley
--------------------- ----------------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------- ----------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------
a) Name Mortgage Advice Bureau (Holdings) plc
--------------------- ----------------------------------------------------
b) LEI 2138008AY1RA61T6W960
--------------------- ----------------------------------------------------
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 Ordinary Shares of 0.1 pence each
of the financial
instrument,
type of instrument ISIN: GB00BQSBH502
Identification
code
--------------------- ----------------------------------------------------
b) Nature of Sale of shares
the transaction
--------------------- ----------------------------------------------------
c) Price(s) and Price No. of shares
volume(s) 1. 702.0p 1. 973,012
2. 702.0p 2. 196,962
3. 702.0p 3. 232,092
4. 702.0p 4. 2,546
-----------------
--------------------- ----------------------------------------------------
d) Aggregated Volume: 1,404,612
information Price: 702.0p
- Aggregated
volume
- Price
--------------------- ----------------------------------------------------
e) Date of the 8 October 2020
transaction
--------------------- ----------------------------------------------------
f) Place of the London Stock Exchange, AIM
transaction
--------------------- ----------------------------------------------------
Enquiries:
Mortgage Advice Bureau (Holdings) plc +44 (0)1332 525007
Peter Brodnicki, Chief Executive Officer
Ben Thompson, Deputy Chief Executive Officer
Lucy Tilley, Chief Financial Officer
Nominated Adviser and Broker:
Numis Securities Limited
Stephen Westgate / Hugo Rubinstein (Corporate Finance) +44 (0)20 7260 1000
Media Enquiries:
investorrelations@mab.org.uk
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