Issue of Equity and Total Voting Rights

RNS Number : 7226O

Mortgage Advice Bureau(Holdings)PLC

02 June 2020

 

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

2 June 2020

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

Issue of Equity and Total Voting Rights

On 21 May 2015 the Company granted 255,000 options to a number of its Appointed Representatives under the Mortgage Advice Bureau Appointed Representative Option Plan (the "AR Option Plan"). The AR Option Plan, the details of which are set out in the Company's Admission Document, was set up to reward selected Appointed Representatives of the Company. The options vested on the fifth anniversary of grant subject to performance conditions, and a total of 230,760 options vested as a result of those conditions.

The Company announces that it has issued 230,760 new ordinary shares of 0.1p each in the Company ("Shares") as a result of an exercise of options under the AR Option Plan.

Application has been made to the London Stock Exchange for admission of 230,760 Shares to trading on AIM ("Admission"). Admission is expected to become effective on 8 June 2020.

Following Admission, the Company's issued share capital will consist of 52,063,761 ordinary shares of 0.1 pence each, with voting rights. The Company does not hold any Ordinary Shares in Treasury.

Therefore, the total number of Ordinary Shares with voting rights will be 52,063,761, and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

Enquiries:

Mortgage Advice Bureau (Holdings) plc	[phone]
Peter Brodnicki, Chief Executive Officer Ben Thompson, Deputy Chief Executive Officer Lucy Tilley, Chief Financial Officer
Nominated Adviser and Broker: Numis Securities Limited      Stephen Westgate / Hugo Rubinstein (Corporate Finance)	[phone]
Media Enquiries:  [e-mail]

 

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