Grant of Options

RNS Number : 7727C

Mortgage Advice Bureau(Holdings)PLC

19 April 2017

 

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

19 April 2017

Grant of options

Mortgage Advice Bureau (Holdings) plc (AIM: MAB1.L) announces that a total of 624,599 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 430.83 pence, being the average of the last three business days' closing price for the Ordinary Shares.

Executive Director	Grant of options 19 April 2017	Total number of options  post 19 April 2017 grant of options	% of Issued Share Capital
Peter Brodnicki	148,550	565,605	1.1%
David Preece	73,346	422,154	0.8%
Lucy Tilley	95,165	257,889	0.5%

Donna Brenchley, Commercial Director, a person discharging managerial responsibilities, has also been granted options today over a total of 46,422 Ordinary Shares.

Other senior executives of MAB have today been granted options over a total of 261,116 Ordinary Shares.

Under the Mortgage Advice Bureau Executive Share Option Plan, the total number of Ordinary Shares now under option is 2,408,176 representing 4.7% 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.

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)	Price No. of shares 1)    0 2)    0 3)    0 4)    0 5)    148,550 6)    73,346 7)    95,165 8)    46,422
d)	Aggregated information - Aggregated volume - Price	Volume: 363,483 Price: 0
e)	Date of the transaction	19 April 2017
f)	Place of the transaction	London Stock Exchange, AIM

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]

Andrew Buchanan

Kit Stephenson

Richard Andrews

Media Enquiries:

[e-mail]

 

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