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21 Jan 2021 14:12
21 January 2021
MALVERN INTERNATIONAL PLC
("Malvern" or the "Company")
Grant of EMI Share Options
Malvern International plc (AIM: MLVN), the global learning and skills development partner, announces that the Company is granting options to a director and certain employees over 102,750,000 ordinary shares of 0.1 pence each in the capital of the Company, pursuant to the Company's EMI share option scheme (the "EMI Options"). The EMI Options being granted represent 8.5 per cent. of the existing issued share capital of the Company.
The EMI Options will vest after three years once defined share price levels have been attained for 40 consecutive business days. Half of the individual EMI options awards will vest when the mid-market share price of the Company reaches 0.5 pence and the remaining half will vest when the mid-market share price of the Company reaches 0.9 pence.
The exercise price of the EMI Options is 0.15 pence each.
Of the total EMI Options granted, 29,500,000 EMI Options have been granted to Richard Mace, Chief Executive Officer of the Company.
The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
For further information please contact:
| ||
Malvern International Plc | www.malverninternational.com | |
Mark Elliott - Chairman | Via Communications Portfolio | |
Richard Mace - Chief Executive Officer
| ||
WH Ireland (NOMAD & Broker) | www.whirelandcb.com | |
Mike Coe / Chris Savidge | 0207 220 1666 | |
Media enquiries | ||
Communications Portfolio | ariane@communications-portfolio.co.uk | |
Ariane Comstive | +44 7785 922 354 | |
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Richard Mace | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Chief Executive Officer | |||
b)
| Initial notification /Amendment
| Initial Notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Malvern International plc | |||
b)
| LEI
| 213800VWAV2HXY1OUT29 | |||
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 | EMI Share options over ordinary shares of 0.1p each | |||
Identification code | GB00B04XB679 | ||||
b)
| Nature of the transaction
| Grant of options | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Grant of options | 0.15p | 29,500,000 | |||
d)
| Aggregated information | ||||
- Aggregated volume | 29,500,000 | ||||
- Price | £44,250 | ||||
e)
| Date of the transaction
| 21 January 2021 | |||
f)
| Place of the transaction | London Stock Exchange, AIM | |||
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