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RNS Number : 2058G

Norman Broadbent PLC

14 November 2022

14 November 2022

Norman Broadbent plc

(the "Company")

Issue of Equity,

Director/PDMR shareholding

and

Total Voting Rights

Norman Broadbent plc (AIM: NBB), a leading quoted Executive Search and Interim Management firm offering a diversified portfolio of integrated Leadership Acquisition & Advisory Services, announces that it has issued 1,076,753 new ordinary shares of 1p each ("New Shares") at 3.75 pence per New Share to an executive director of the Company ("Director"), certain Persons Discharging Managerial Responsibilities ("PDMRs") and certain employees in lieu of part of their annual cash bonus.

Application has been made to the London Stock Exchange for the New Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission and dealings in the New Shares will occur at 8.00 a.m. on 18 November 2022. The New Shares will be issued credited as fully paid and rank in full for all dividends and other distributions declared, made or paid after Admission and will otherwise be identical to and rank pari passu in all respects with the existing ordinary shares of 1p each in the capital of the Company ("Ordinary Shares").

Director/PDMR shareholding

As set out above, a Director, certain PDMRs and certain employees have been issued New Shares, details of which are set out below:

 
 
                                                     Number of 
                                      Number         Ordinary Shares 
                                      of New         held immediately 
                                      Shares         following            Percentage of the 
                                      issued         Admission            Company's enlarged 
                        Position      in lieu                             share capital held 
   Name                 held          of part                             immediately following 
                                      of annual                           Admission 
                                      cash bonus 
 Kevin Davidson       CEO           161,333        419,219              0.68% 
                     ------------  -------------  -------------------  ------------------------ 
 Sean Buchan          COO(1)        158,400        158,400              0.26% 
                     ------------  -------------  -------------------  ------------------------ 
 John Begley          PDMR          187,953        195,362              0.32% 
                     ------------  -------------  -------------------  ------------------------ 
 Michael Diamond      PDMR          158,400        308,400              0.50% 
                     ------------  -------------  -------------------  ------------------------ 
 Certain employees    -             410,667        410,667              0.66% 
                     ------------  -------------  -------------------  ------------------------ 
 Total                              1,076,753 
                                   -------------  -------------------  ------------------------

(1) On 24 August 2022, Sean Buchan was appointed as the Company's COO, a non-Board role. Previously, Steve Smith, the Company's CFO, had also been the COO

Total Voting Rights

Immediately following Admission, the Company will have 61,817,510 Ordinary Shares in issue, none of which will be held in treasury. Accordingly, shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Peter Searle, Non-Executive Chairman of the Company, commented :

"I am delighted that certain members of the team have chosen to take New Shares in lieu of part of their annual cash bonus thereby demonstrating their continued commitment to the Company's growth and increase in shareholder value."

For further Information, please contact:

Norman Broadbent plc 020 7484 0000

Peter Searle, Chairman

Kevin Davidson, CEO

Steve Smith, CFO

Shore Capital 020 7408 4090

Nominated Adviser and Broker

Tom Griffiths / Tom Knibbs (Corporate Advisory)

Henry Willcocks (Corporate Broking)

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END

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November 14, 2022 02:00 ET (07:00 GMT)

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