Last checked at 10 Apr 2018 18:20
Mortgage Advice Bureau (Holdings) plc ("MAB" or the "Company")
10 April 2018
Grant of options and Director dealing
Mortgage Advice Bureau (Holdings) plc (AIM: MAB1.L) announces that a total of 103,566 options over ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") (the "Options") have been granted today 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 10 April 2018 | Total number of options post 10 April 2018 grant of options | % of Issued Share Capital |
Peter Brodnicki | 19,915 | 504,270 | 1.0% |
David Preece | 15,136 | 368,541 | 0.7% |
Lucy Tilley | 19,915 | 258,968 | 0.5% |
Donna Brenchley, Commercial Director, a person discharging managerial responsibilities, has also been granted options today over a total of 4,780 Ordinary Shares.
Other senior executives of MAB have today been granted options over a total of 43,820 Ordinary Shares.
Under the Mortgage Advice Bureau Executive Share Option Plan, the total number of Ordinary Shares now under option is 2,156,539 representing 4.2% 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, today sold 1,740 Ordinary Shares of 0.1p each in the Company from her trading account at a price of 622.0 pence per share and her personal ISA in the same name has purchased 1,660 Ordinary Shares at a price of 624.0 pence per share. Katherine Innes Ker's resultant beneficial interest in the Company is therefore 12,227 Ordinary Shares, representing 0.02% 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) David Preece 3) Lucy Tilley 4) Donna Brenchley | ||||
2 | Reason for the notification | |||||
a) | Position/status | 1) Chief Executive Officer 2) Chief Operating Officer 3) Finance Director 4) Person Discharging Material Responsibilities | ||||
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) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Volume: 59,746 Price: 0 | ||||
e) | Date of the transaction | 10 April 2018 | ||||
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 | Sale of shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Volume: 1,740 Price: 622 pence per share | ||||
e) | Date of the transaction | 10 April 2018 | ||||
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) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Volume: 1,660 Price: 624 pence per share | ||||
e) | Date of the transaction | 10 April 2018 | ||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||
Enquiries:
Mortgage Advice Bureau (Holdings) plc +44 (0)1332 525007
Peter Brodnicki, Chief Executive Officer
David Preece, Chief Operating Officer
Lucy Tilley, Finance Director
Nominated Adviser and Joint Broker:
Zeus Capital +44 (0)20 3829 5000
Martin Green
Nicholas How
Pippa Underwood
Joint Broker:
Canaccord Genuity +44 (0)20 7523 8350
Andrew Buchanan
Richard Andrews
Media Enquiries:
investorrelations@mab.org.uk