Grant of options and Director dealing

RNS Number : 1727E

Mortgage Advice Bureau(Holdings)PLC

02 July 2019

 

2 July 2019

Mortgage Advice Bureau (Holdings) plc ("MAB" or the "Company")

Grant of options and Director dealing

Mortgage Advice Bureau (Holdings) plc (AIM: MAB1.L) announces that a total of 175,547 options over ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") (the "Options") have been granted yesterday to the Executive Directors and senior executives of MAB.  The Options have been granted under the Mortgage Advice Bureau Executive Share Option Plan and exercise of the Options is subject to the achievement of performance conditions based on total shareholder return and earnings per share criteria.  Subject to achievement of the performance conditions, the Options will be exercisable in three years' time.  The exercise price for the Options is 0.1 pence, being the nominal cost of Ordinary Shares.

Executive Director	Grant of options 1 July 2019	Total number of options  post 1 July 2019 grant of options	% of Issued Share Capital
Peter Brodnicki	37,396	541,666	1.1%
Ben Thompson	37,396	96,659	0.2%
Lucy Tilley	29,085	288,053	0.6%

Other senior executives of MAB have today been granted options over a total of 71,670 Ordinary Shares.

Under the Mortgage Advice Bureau Executive Share Option Plan, the total number of Ordinary Shares now under option is 1,761,446 representing 3.4% of the Company's issued share capital.  This excludes the 255,000 options over Ordinary Shares in the Company granted to MAB's Appointed Representatives in May 2015.

Katherine Innes Ker, Chairman, yesterday purchased 1,000 Ordinary Shares of 0.1p each in the Company for her personal ISA at a price of 612.0 pence per share. Katherine Innes Ker's resultant beneficial interest in the Company is therefore 13,227 Ordinary Shares, representing 0.03% of the Company's issued share capital.

The notification below is made in accordance with the requirements of the EU Market Abuse Regulation.

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	1)    Peter Brodnicki 2)    Ben Thompson 3)    Lucy Tilley
2	Reason for the notification
a)	Position/status	1)    Chief Executive Officer 2)   Deputy Chief Executive Officer 3)    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	Mortgage Advice Bureau (Holdings) plc
b)	LEI	2138008AY1RA61T6W960
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 Identification code	Ordinary Shares of 0.1 pence each ISIN: GB00BQSBH502
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)	Price No. of shares 1)    0 2)    0 3)    0 1)    37,396 2)    37,396 3)    29,085
d)	Aggregated information - Aggregated volume - Price	Volume: 103,877 Price: 0
e)	Date of the transaction	1 July 2019
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	1)    Katherine Innes Ker
2	Reason for the notification
a)	Position/status	1)    Chairman
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Mortgage Advice Bureau (Holdings) plc
b)	LEI	2138008AY1RA61T6W960
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 Identification code	Ordinary Shares of 0.1 pence each ISIN: GB00BQSBH502
b)	Nature of the transaction	Purchase of shares
c)	Price(s) and volume(s)	Price No. of shares 1)    612 pence 1)    1,000
d)	Aggregated information - Aggregated volume - Price	Volume: 1,000 Price: 612 pence per share
e)	Date of the transaction	1 July 2019
f)	Place of the transaction	London Stock Exchange, AIM

Enquiries:

Mortgage Advice Bureau (Holdings) plc                            [phone]

Peter Brodnicki, Chief Executive Officer

Ben Thompson, Deputy Chief Executive Officer

Lucy Tilley, Chief Financial Officer

Numis Securities Limited (NOMAD and Broker)	Tel:  [phone]
Stephen Westgate / Hugo Rubinstein (Corporate Finance)

Media Enquiries:

[e-mail]

 

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