2020 SAYE Scheme & Director/PDMR Shareholdings

RNS Number : 7402X

Marlowe PLC

02 September 2020

 

2 September 2020

Marlowe plc

Launch of Group 2020 SAYE Scheme

Grant of 2020 SAYE Options

Director/PDMR Shareholdings

Marlowe plc (" Marlowe " or the " Group "), the specialist services group focused on developing companies which assure safety and regulatory compliance, announces that as part of the Group's HMRC approved 2020 Save As You Earn scheme (the " 2020 SAYE Scheme ") a total of 699,000 options to subscribe for ordinary shares of 50 pence each in the capital of the Group (" 2020 SAYE Options ") have today been granted to employees of the Group.

Under the 2020 SAYE scheme, which was made available to all Marlowe employees, a total of 617 employees of the Group, including four directors of the Group, have applied to participate in the 2020 SAYE Scheme. The 2020 SAYE Options have an exercise price, calculated in accordance with the rules of the SAYE Scheme, of 460 pence per 2020 SAYE Option. Subject to the rules of the 2020 SAYE Scheme, participants will be able to exercise their 2020 SAYE Options within six-months commencing from 1 October 2023.

The following Directors of the Group applied to participate in the 2020 SAYE Scheme and have been granted 2020 SAYE Options in the amounts shown below:

Director	2020 SAYE Options Granted	Exercise Price	Exercise Date
Alex Dacre	3,913	460p	1 October 2023
Mark Adams	3,913	460p	1 October 2023
Kevin Quinn	3,913	460p	1 October 2023
Charles Skinner	3,913	460p	1 October 2023

As a result of the above grant of 2020 SAYE Options, the Group has a total of 699,000 options over ordinary shares outstanding, representing approximately 1.28 per cent. of the Group issued ordinary share capital.

The notifications below, made in accordance with the EU Market Abuse Regulation, provide further details in relation to the grant of 2020 SAYE Options to the Directors.

For further information:

Marlowe plc	www.marloweplc.com
Alex Dacre, Chief Executive	Tel: [phone]
Mark Adams, Group Finance Director	[e-mail]
Cenkos Securities plc - Nominated Adviser & Joint Broker
Nicholas Wells	Tel: [phone]
Ben Jeynes
Harry Hargreaves
Joh. Berenberg, Gossler & Co. KG, London Branch - Joint Broker
Mark Whitmore Ben Wright	Tel: [phone]
Yudith Karunaratna
FTI Consulting
Nick Hasell	Tel: [phone]
Alex Le May

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	Alex Dacre
2	Reason for the notification
a)	Position/status	Chief Executive
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Marlowe plc
b)	LEI	213800ZWSR4SBOM6B608
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	Ordinary shares of 50 pence each
	Identification code	ISIN: GB00BD8SLV43
b)	Nature of the transaction	Grant of options over ordinary shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			-	3,913
d)	Aggregated information
	- Aggregated volume	3,913
	- Price	-
e)	Date of the transaction	1 September 2020
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mark Adams
2	Reason for the notification
a)	Position/status	Group Finance Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Marlowe plc
b)	LEI	213800ZWSR4SBOM6B608
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	Ordinary shares of 50 pence each
	Identification code	ISIN: GB00BD8SLV43
b)	Nature of the transaction	Grant of options over ordinary shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			-	3,913
d)	Aggregated information
	- Aggregated volume	3,913
	- Price	-
e)	Date of the transaction	1 September 2020
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Kevin Quinn
2	Reason for the notification
a)	Position/status	Chairman
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Marlowe plc
b)	LEI	213800ZWSR4SBOM6B608
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	Ordinary shares of 50 pence each
	Identification code	ISIN: GB00BD8SLV43
b)	Nature of the transaction	Grant of options over ordinary shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			-	3,913
d)	Aggregated information
	- Aggregated volume	3,913
	- Price	-
e)	Date of the transaction	1 September 2020
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Charles Skinner
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Marlowe plc
b)	LEI	213800ZWSR4SBOM6B608
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	Ordinary shares of 50 pence each
	Identification code	ISIN: GB00BD8SLV43
b)	Nature of the transaction	Grant of options over ordinary shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			-	3,913
d)	Aggregated information
	- Aggregated volume	3,913
	- Price	-
e)	Date of the transaction	1 September 2020
f)	Place of the transaction	Outside of a trading venue

 

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