Grant of Options

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	[e-mail]
Ariane Comstive	[phone]

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 /Amendment	Initial Notification
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 financial instrument, type of instrument	EMI Share options over ordinary shares of 0.1p each
	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		£44,250
e)	Date of the transaction	21 January 2021
f)	Place of the transaction	London Stock Exchange, AIM

 

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