2020 SAYE Scheme & Director/PDMR Shareholdings
2 September 2020
Marlowe plc
Launch of Group 2020 SAYE Scheme
Grant of 2020 SAYE Options
Director/PDMR Shareholdings
Marlowe plc (" Marlowe " or the " Group "), the specialist services group focused on developing companies which assure safety and regulatory compliance, announces that as part of the Group's HMRC approved 2020 Save As You Earn scheme (the " 2020 SAYE Scheme ") a total of 699,000 options to subscribe for ordinary shares of 50 pence each in the capital of the Group (" 2020 SAYE Options ") have today been granted to employees of the Group.
Under the 2020 SAYE scheme, which was made available to all Marlowe employees, a total of 617 employees of the Group, including four directors of the Group, have applied to participate in the 2020 SAYE Scheme. The 2020 SAYE Options have an exercise price, calculated in accordance with the rules of the SAYE Scheme, of 460 pence per 2020 SAYE Option. Subject to the rules of the 2020 SAYE Scheme, participants will be able to exercise their 2020 SAYE Options within six-months commencing from 1 October 2023.
The following Directors of the Group applied to participate in the 2020 SAYE Scheme and have been granted 2020 SAYE Options in the amounts shown below:
|
Director |
2020 SAYE Options Granted |
Exercise Price |
Exercise Date |
|
Alex Dacre |
3,913 |
460p |
1 October 2023 |
|
Mark Adams |
3,913 |
460p |
1 October 2023 |
|
Kevin Quinn |
3,913 |
460p |
1 October 2023 |
|
Charles Skinner |
3,913 |
460p |
1 October 2023 |
As a result of the above grant of 2020 SAYE Options, the Group has a total of 699,000 options over ordinary shares outstanding, representing approximately 1.28 per cent. of the Group issued ordinary share capital.
The notifications below, made in accordance with the EU Market Abuse Regulation, provide further details in relation to the grant of 2020 SAYE Options to the Directors.
For further information:
|
Marlowe plc |
www.marloweplc.com |
|
Alex Dacre, Chief Executive |
Tel: +44 (0) 203 841 6194 |
|
Mark Adams, Group Finance Director |
IR@marloweplc.com |
|
|
|
|
Cenkos Securities plc - Nominated Adviser & Joint Broker |
|
|
Nicholas Wells |
Tel: +44 (0)20 7397 8900 |
|
Ben Jeynes |
|
|
Harry Hargreaves |
|
|
|
|
|
Joh. Berenberg, Gossler & Co. KG, London Branch - Joint Broker |
|
|
Mark Whitmore Ben Wright |
Tel: +44 (0)20 3207 7800 |
|
Yudith Karunaratna |
|
|
|
|
|
FTI Consulting |
|
|
Nick Hasell |
Tel: +44 (0)20 3727 1340 |
|
Alex Le May |
|
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 |
Alex Dacre |
|||
|
2 |
Reason for the notification |
||||
|
a) |
Position/status |
Chief Executive |
|||
|
b) |
Initial notification /Amendment |
Initial notification |
|||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||
|
a) |
Name |
Marlowe plc |
|||
|
b) |
LEI |
213800ZWSR4SBOM6B608 |
|||
|
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 50 pence each |
|||
|
Identification code |
ISIN: GB00BD8SLV43 |
||||
|
b) |
Nature of the transaction |
Grant of options over ordinary shares |
|||
|
c)
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
- |
3,913 |
|
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information |
|
|||
|
- Aggregated volume |
3,913 |
||||
|
- Price |
- |
||||
|
e) |
Date of the transaction |
1 September 2020 |
|||
|
f) |
Place of the transaction |
Outside of a trading venue |
|||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
||||
|
a) |
Name |
Mark Adams |
|||
|
2 |
Reason for the notification |
||||
|
a) |
Position/status |
Group Finance Director |
|||
|
b) |
Initial notification /Amendment |
Initial notification |
|||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||
|
a) |
Name |
Marlowe plc |
|||
|
b) |
LEI |
213800ZWSR4SBOM6B608 |
|||
|
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 50 pence each |
|||
|
Identification code |
ISIN: GB00BD8SLV43 |
||||
|
b) |
Nature of the transaction |
Grant of options over ordinary shares |
|||
|
c)
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
- |
3,913 |
|
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information |
|
|||
|
- Aggregated volume |
3,913 |
||||
|
- Price |
- |
||||
|
e) |
Date of the transaction |
1 September 2020 |
|||
|
f) |
Place of the transaction |
Outside of a trading venue |
|||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
||||
|
a) |
Name |
Kevin Quinn |
|||
|
2 |
Reason for the notification |
||||
|
a) |
Position/status |
Chairman |
|||
|
b) |
Initial notification /Amendment |
Initial notification |
|||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||
|
a) |
Name |
Marlowe plc |
|||
|
b) |
LEI |
213800ZWSR4SBOM6B608 |
|||
|
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 50 pence each |
|||
|
Identification code |
ISIN: GB00BD8SLV43 |
||||
|
b) |
Nature of the transaction |
Grant of options over ordinary shares |
|||
|
c)
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
- |
3,913 |
|
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information |
|
|||
|
- Aggregated volume |
3,913 |
||||
|
- Price |
- |
||||
|
e) |
Date of the transaction |
1 September 2020 |
|||
|
f) |
Place of the transaction |
Outside of a trading venue |
|||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
||||
|
a) |
Name |
Charles Skinner |
|||
|
2 |
Reason for the notification |
||||
|
a) |
Position/status |
Non-Executive Director |
|||
|
b) |
Initial notification /Amendment |
Initial notification |
|||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||
|
a) |
Name |
Marlowe plc |
|||
|
b) |
LEI |
213800ZWSR4SBOM6B608 |
|||
|
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 50 pence each |
|||
|
Identification code |
ISIN: GB00BD8SLV43 |
||||
|
b) |
Nature of the transaction |
Grant of options over ordinary shares |
|||
|
c)
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
- |
3,913 |
|
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information |
|
|||
|
- Aggregated volume |
3,913 |
||||
|
- Price |
- |
||||
|
e) |
Date of the transaction |
1 September 2020 |
|||
|
f) |
Place of the transaction |
Outside of a trading venue |
|||
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