Grant of options

RNS Number : 2863X

Mortgage Advice Bureau(Holdings)PLC

04 May 2016

 

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

4 May 2016

Grant of options

Further to the announcement made in connection with the placing of existing ordinary shares on 27 April 2016, Mortgage Advice Bureau (Holdings) plc (AIM: MAB1.L) announces that a total of 771,480 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 357.75 pence, being the average of the last three business days' closing price for the Ordinary Shares.

Executive Director	Grant of options 4th May 2016	Total number of options   post 4th May 2016 grant of options	% of Issued Share Capital
Peter Brodnicki	173,305	498,305	1.0%
David Preece	142,557	417,557	0.8%
Lucy Tilley	106,218	181,560	0.4%

Senior executives of MAB have today been granted options over a total of 349,400 Ordinary Shares.

Under the Mortgage Advice Bureau Executive Share Option Plan, the total number of Ordinary Shares now under option is 2,109,322, 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.

Enquiries:

Mortgage Advice Bureau (Holdings) plc                            [phone]

Peter Brodnicki, Chief Executive Officer

David Preece, Chief Operating Officer

Lucy Tilley, Finance Director

Nominated Adviser and Joint Broker:

Zeus Capital                                                                              [phone] Martin Green Nicholas How Pippa Underwood Joint Broker: Canaccord Genuity                                                                  [phone] Roger Lambert Kit Stephenson Richard Andrews Media Enquiries:  [e-mail]

 

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