Malvern International PLC Grant of Options (5078M)
22 January 2021 - 1:12AM
UK Regulatory
TIDMMLVN
RNS Number : 5078M
Malvern International PLC
21 January 2021
21 January 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 102,750,000
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 represent 8.5 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 0.5 pence and the
remaining half will vest when the mid-market share price of the
Company reaches 0.9 pence.
The exercise price of the EMI Options is 0.15 pence each.
Of the total EMI Options granted, 29,500,000 EMI Options have
been granted to Richard Mace, Chief Executive Officer of the
Company.
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
Mark Elliott - Chairman Via Communications Portfolio
Richard Mace - Chief Executive
Officer
WH Ireland (NOMAD & Broker) www.whirelandcb.com
Mike Coe / Chris Savidge 0207 220 1666
Media enquiries
Communications Portfolio ariane@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
----------------------------------- -------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------
a) Position/status Chief Executive Officer
----------------------------------- -------------------------------------
b) Initial notification Initial Notification
/Amendment
----------------------------------- -------------------------------------
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 0.15p 29,500,000
d) Aggregated information
- Aggregated volume 29,500,000
- Price GBP44,250
e) Date of the transaction 21 January 2021
----------------------------------- -------------------------------------
f) Place of the transaction London Stock Exchange, AIM
----------------------------------- -------------------------------------
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END
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