Last checked at 9 Oct 2020 12:55
9 October 2020
Mortgage Advice Bureau (Holdings) plc ("MAB" or the "Company")
Issue of Equity and PDMR dealing
Mortgage Advice Bureau (Holdings) plc (AIM: MAB1.L) announces that options to subscribe for 882,929 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares" and the "Options") have yesterday been exercised by certain Directors. The Options were issued pursuant to the Mortgage Advice Bureau Executive Share Option Plan. Following the exercise of Options, certain Directors have sold Ordinary Shares. The details of the exercise of Options and sale of Ordinary Shares are set out below.
Initial holding(1) | Options exercised(2) | Ordinary Shares sold(3) | Resultant holding(1) | |||
Director | Number of Ordinary Shares | Percentage of Issued Share Capital | Number of Ordinary Shares | Percentage of Issued Share Capital | ||
Peter Brodnicki | 13,997,910 | 26.83 | 451,329 | 973,012 | 13,476,227(4) | 25.40 |
LucyTilley | 17,957 | 0.03 | 199,508 | 199,508(7) | 17,957(5) | 0.03 |
DavidPreece | 1,524,800 | 2.92 | 232,092 | 232,092 | 1,524,800(6) | 2.87 |
(1) Including those shares held by members of the shareholder's family as defined in the AIM Rules for Companies and those held in the Company's Share Incentive Plan.
(2) The Options exercised relate to options granted to the Directors at the time of the IPO, in 2015 on Lucy Tilley's appointment, in 2016, and in 2017, pursuant to the Mortgage Advice Bureau Executive Share Option Plan.
(3) By the Director and/or his/her connected persons.
(4) Peter Brodnicki also holds options over 94,419 Ordinary Shares, which have not yet vested.
(5) Lucy Tilley also holds options over 77,862 Ordinary Shares, which have not yet vested.
(6) David Preece also holds options over 6,159 Ordinary Shares, which have not yet vested.
(7) Immediately prior to sale of Ordinary Shares, Lucy Tilley gifted for nil consideration 2,546 Ordinary Shares to her husband, a family member for the purposes of the AIM Rules for Companies.
Application has been made to the London Stock Exchange for the 882,929 Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective at 8.00 a.m. on 15 October 2020.
Following Admission, the total number of Ordinary Shares in issue will be 53,051,308 and the total number of voting rights will therefore be 53,051,308. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
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. Lucy Tilley 3. David Preece | ||||||||||||
2 | Reason for the notification | |||||||||||||
a) | Position/status | 1. Chief Executive Officer 2. Chief Financial Officer 3. Non-Executive Director
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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 | Exercise of options
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c) | Price(s) and volume(s) | 1. Peter Brodnicki
2. Lucy Tilley
3. David Preece
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d) | Aggregated information - Aggregated volume - Price | Volume: 882,929 Price (weighted average): 327.86p | ||||||||||||
e) | Date of the transaction | 8 October 2020 | ||||||||||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||||||||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | 1. Peter Brodnicki 2. Lucy Tilley 3. David Preece 4. Bruce Tilley | ||||
2 | Reason for the notification | |||||
a) | Position/status | 1. Chief Executive Officer 2. Chief Financial Officer 3. Non-Executive Director 4. Person closely associated with Lucy Tilley
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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
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c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price | Volume: 1,404,612 Price: 702.0p | ||||
e) | Date of the transaction | 8 October 2020 | ||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||
Enquiries:
Mortgage Advice Bureau (Holdings) plc | +44 (0)1332 525007 |
Peter Brodnicki, Chief Executive Officer Ben Thompson, Deputy Chief Executive Officer Lucy Tilley, Chief Financial Officer
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Nominated Adviser and Broker: Numis Securities Limited Stephen Westgate / Hugo Rubinstein (Corporate Finance)
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+44 (0)20 7260 1000 |
Media Enquiries: investorrelations@mab.org.uk |