Grant of Options

RNS Number : 1390I

Malvern International PLC

30 November 2022

 

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:

Malvern International Plc Richard Mace - Chief Executive Officer	www.malverninternational.com Via website
NOMAD and Broker WH Ireland Limited Mike Coe / Sarah Mather	www.whirelandcm.com [phone]

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	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 1p each
	Identification code	GB00BNBVJZ07
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Grant of options		10p	85,000
d)	Aggregated information
	- Aggregated volume		85,000
	- Price		£8,500
e)	Date of the transaction	30 November 2022
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Daniel Fisher
2	Reason for the notification
a)	Position/status	Chief Financial 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 1p each
	Identification code	GB00BNBVJZ07
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Grant of options		10p	120,000
d)	Aggregated information
	- Aggregated volume		120,000
	- Price		£12,000
e)	Date of the transaction	30 November 2022
f)	Place of the transaction	London Stock Exchange, AIM

 

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