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Pin to quick picksNorman Broadb Regulatory News (NBB)

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SAYE Option Plan & Director Holding

30 Jun 2023 07:00

RNS Number : 4519E
Norman Broadbent PLC
30 June 2023
 

30 June 2023

 

Norman Broadbent plc

("Norman Broadbent" or the "Company")

 

 Establishment of SAYE Option Plan,

Grant of Options

and

Director/PDMR Shareholding

 

 

Norman Broadbent (AIM: NBB), a leading London quoted Executive Search and Interim Management firm offering a diversified portfolio of integrated Leadership Acquisition & Advisory Services, announces that it has granted options over its ordinary shares of 1p each ("Shares") ("Options") to certain employees under its newly established, tax advantaged SAYE Option Plan (the "SAYE Plan").

All individuals (including both of the Company's executive Directors) who were employed by the Group as at 12 June 2023 (the "Eligible Employees") were invited to apply for the grant of Options over Shares with an exercise price of £0.05 per Share, which represents a 20 per cent. discount to the closing middle market price of a Share on 12 June 2023 (being the dealing day before the invitation for Eligible Employees to participate was issued).

The Options have a contract start date of 1 August 2023 and will normally be exercisable between 3 August 2026 and 1 February 2027. 

A total of 26 Eligible Employees elected to participate in the SAYE Plan and, pursuant to these elections, Options over a total of 4,500,000 Shares have been granted representing approximately 7 per cent. of the Company's issued share capital. Included within this total are Options granted to both of the Company's executive Directors and one person discharging managerial responsibility ("PDMR") as follows:

 

Name

Director/PDMR

No. of Shares over which Options granted

Kevin Davidson

Chief Executive Officer

360,000

Mehr Malik

Chief Financial Officer

180,000

Sean Bergin

Chief Operating Officer (PDMR)

216,000

 

The following notifications are intended to satisfy the Company's obligations under Article 19(3) of EU Regulation No 596/2014 (the Market Abuse Regulation).

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

1. Kevin Davidson

2. Mehr Malik

3. Sean Bergin

2

Reason for the notification

a)

Position/status

1. Chief Executive Officer

2. Chief Financial Officer

3. Chief Operating Officer

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Norman Broadbent plc

b)

LEI

213800E5YN5TA934XA23

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

Ordinary shares of 5p each ("Shares")

Identification code

GB00B3VF4Y66

b)

Nature of the transaction

Grant of options over Shares pursuant to the Norman Broadbent plc SAYE Option Plan

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

1.

£0.05 (exercise price)

756,000

2.

d)

Aggregated information

- Aggregated volume

- Price

 

1. N/A single transaction

2. N/A single transaction

e)

Date of the transaction

29.06.23

f)

Place of the transaction

London Stock Exchange

 

 

 

 

For further Information, please contact:

Norman Broadbent plc   020 7484 0000

Kevin Davidson, CEO

Mehr Malik, CFO

Shore Capital (Nominated Adviser and Broker) 020 7408 4090

Tom Griffiths / Tom Knibbs (Corporate Advisory)

Henry Willcocks (Corporate Broking)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHQKLFLXQLXBBV
Date   Source Headline
22nd Jul 201912:46 pmRNSResult of AGM
22nd Jul 20197:00 amRNSAGM Statement - Norman Broadbent returns to profit
28th Jun 20197:00 amRNSFinal Results and Annual Accounts
10th Jun 201910:32 amRNSCEO recognised by CEO Today magazine
27th Mar 20193:29 pmRNSHolding(s) in Company
13th Feb 20197:00 amRNSTrading Update
28th Sep 20187:00 amRNSInterim Results
6th Jun 201811:49 amRNSResult of AGM
25th May 20187:00 amRNSGrant of Options to Director
14th May 20187:00 amRNSFinal Results and Annual Accounts
30th Apr 20187:00 amRNSChange of Registered Office
22nd Mar 20187:00 amRNSOffice relocation
7th Feb 201810:58 amRNSDirector/PDMR Shareholding
17th Oct 201711:18 amRNSResult of General Meeting
5th Oct 20177:00 amRNSAppointment of new CFO & COO
29th Sep 201712:15 pmRNSResult of ABB
29th Sep 20177:01 amRNSAnnouncement of ABB
29th Sep 20177:00 amRNSHalf-year Report
22nd Aug 201710:36 amRNSCorporate Update & Change of Adviser
6th Jul 20173:36 pmPRNDirector/PDMR Shareholding
4th Jul 20173:36 pmRNSContract win with FTSE 100 corporate
28th Jun 201711:40 amPRNResult of AGM
2nd Jun 201711:12 amPRNDirector Dealing
2nd Jun 20177:58 amPRNFinal Results and Annual Accounts
13th Feb 20177:00 amRNSSenior Management Appointment
30th Dec 201610:36 amPRNDivestment of stake in Social Media Search
28th Nov 20164:37 pmPRNHolding(s) in Company
30th Sep 20165:00 pmPRNTotal Voting Rights
30th Sep 20167:00 amPRNHalf-year Report
23rd Sep 20167:00 amPRNHolding(s) in Company
21st Sep 20162:47 pmPRNHolding(s) in Company
21st Sep 20169:52 amPRNHolding(s) in Company
20th Sep 201611:53 amPRNHolding(s) in Company
19th Sep 201611:10 amPRNResult of general meeting and board changes
1st Sep 20161:16 pmPRNResults of subscription
31st Aug 201610:37 amPRNProposed subscription to raise approximately £2.3m
29th Jun 201612:04 pmPRNResult of AGM
17th Jun 20163:55 pmPRNDirector's Shareholding
16th Jun 20164:13 pmPRNDirector's Shareholding
6th Jun 20167:00 amPRNGrant of Options to Directors
3rd Jun 20167:00 amPRNFinal Results and Annual Accounts
25th Apr 20167:00 amPRNGroup CEO Appointment
11th Mar 20167:00 amPRNChange of Adviser
11th Mar 20167:00 amPRNChange of Adviser
10th Mar 20164:48 pmPRNAIM Disclosure Update
29th Oct 20157:00 amPRNIssue of secured loan notes
30th Sep 20157:00 amPRNHalf-yearly Report
26th Aug 201510:50 amPRNHolding(s) in Company
21st Aug 201510:19 amPRNHolding(s) in Company
9th Jul 201512:58 pmPRNDirector/PDMR Shareholding

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