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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:
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Malvern International Plc Richard Mace - Chief Executive Officer |
Via website |
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NOMAD and Broker WH Ireland Limited Mike Coe / Sarah Mather |
+44 20 7220 1666 |
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Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Richard Mace |
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2
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Reason for the notification
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a)
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Position/status
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Chief Executive Officer |
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b)
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Initial notification /Amendment
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Initial Notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Malvern International plc |
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b)
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LEI
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213800VWAV2HXY1OUT29 |
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4
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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
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a)
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Description of the financial instrument, type of instrument |
EMI Share options over ordinary shares of 1p each |
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Identification code |
GB00BNBVJZ07 |
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b)
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Nature of the transaction
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Grant of options |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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Grant of options |
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10p |
85,000 |
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d)
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Aggregated information |
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- Aggregated volume |
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85,000 |
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- Price |
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£8,500 |
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e)
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Date of the transaction
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30 November 2022 |
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f)
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Place of the transaction |
London Stock Exchange, AIM |
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Daniel Fisher |
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2
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Reason for the notification
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a)
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Position/status
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Chief Financial Officer |
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b)
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Initial notification /Amendment
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Initial Notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Malvern International plc |
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b)
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LEI
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213800VWAV2HXY1OUT29 |
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4
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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
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a)
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Description of the financial instrument, type of instrument |
EMI Share options over ordinary shares of 1p each |
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Identification code |
GB00BNBVJZ07 |
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b)
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Nature of the transaction
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Grant of options |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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Grant of options |
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10p |
120,000 |
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d)
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Aggregated information |
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- Aggregated volume |
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120,000 |
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- Price |
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£12,000 |
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e)
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Date of the transaction
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30 November 2022 |
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f)
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Place of the transaction |
London Stock Exchange, AIM |
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On 30 November 2022, Malvern International PLC granted EMI share options over 575,000 ordinary shares to executive directors and certain employees, with an exercise price of 10 pence each. Richard Mace, Chief Executive, received 85,000 options, and Daniel Fisher, Chief Financial Officer, received 120,000 options. The new options, combined with previously granted EMI options, represent 8.2% of the existing issued share capital and vest after three years upon specific share price levels of 60 pence and 110 pence being attained for 40 consecutive business days.
| Date | 30 Nov 2022 |
| Time | 16:11:04 |
| Category | Director/PDMR dealings |
| ID | 1390I |