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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Malvern International Plc | LSE:MLVN | London | Ordinary Share | GB00BNBVJZ07 | ORD GBP0.01 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 20.00 | 19.00 | 21.00 | 20.00 | 19.25 | 20.00 | 0.00 | 08:00:07 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Schools & Education Svcs,nec | 6.6M | -1.08M | -0.0443 | -4.51 | 4.89M |
From Apr 2019 to Apr 2024
TIDMMLVN
RNS Number : 7512V
Malvern International PLC
01 February 2017
1 February 2017
MALVERN INTERNATIONAL PLC
("Malvern" or the "Company")
Issue of Equity
Director / PDMR Shareholding
Malvern International plc (AIM: MLVN), the provider of educational services in the UK, Europe and Asia, is pleased to announce that it has agreed with KSP Investments Pte Limited ("KSP") that a further GBP38,000 of its loan to the Company will be converted into 760,000 new ordinary shares at a conversion price of 5 pence per share. (the "Loan Conversion"). The balance of the loan outstanding is now GBP997,522.
The Company is also pleased to announce that CG Corp, (a Cinnovation group company) has subscribed for 1,600,000 new ordinary shares at a price of 5 pence per share raising GBP80,000 (the "Share Subscription"). The proceeds of the Share Subscription will provide additional funds and facilitate the continued development of certain new initiatives as outlined in the strategic plan announced on 19 December 2016.
Furthermore, the Company has agreed to issue an aggregate of 2,520,000 new ordinary shares at a value of 5p per share to certain directors in lieu of salary/fees (the Directors' Conversion") as set out below:
Hot Features
Premium
Name Amount of salary/fees New Ordinary Shares
arising from Directors'
Conversions
------------------- ----------------------- -------------------------
Haider Sithawalla GBP45,000 900,000
------------------- ----------------------- -------------------------
Gopinath Pillai GBP20,000 400,000
------------------- ----------------------- -------------------------
Sabin Joshi GBP20,000 400,000
------------------- ----------------------- -------------------------
Ramasamy Jayapal GBP41,000 820,000
------------------- ----------------------- -------------------------
Application has been made for the 4,880,000 new Ordinary Shares arising pursuant to the Loan Conversion, Share Subscription and Directors' Conversion (the "New Ordinary Shares") to be admitted to trading on AIM ("Admission"). Dealings are expected to commence on 7 February 2017.
Following Admission of the New Ordinary Shares the shareholdings of KSP and CG Corp and their respective connected parties will be as follows:
Name Shareholding Percentage Shareholding Percentage
immediately of share capital immediately of share
before Admission before Admission following Admission capital immediately
following
Admission
KSP Investments
Pte Limited
and connected
parties(1) 27,591,117 29.24 29,651,117 29.90
CG Corp and
connected
parties(2) 27,591,122 29.27 29,591,122 29.84
(1) includes shares held by directors, Haider Sithawalla and Gopinath Pillai
(2) includes shares held by Sabin Joshi
In accordance with the provisions of the Disclosure and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following these transactions, its issued share capital will comprise 99,157,983 Ordinary Shares of 5p each. All of the Ordinary Shares have equal voting rights and none of the Ordinary Shares are held in Treasury. The total number of voting rights in the Company is therefore 99,157,983. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules
Following the issue of the New Ordinary Shares, Haider Sithawalla is interested (directly or indirectly) in a total of 919,000 Ordinary Shares representing approximately 0.93 per cent. of the Company's issued share capital.
1 Details of the person discharging managerial responsibilities/person closely associated
--- -------------------------------------------------------------------------------------------------------
a) Name Haider Sithawalla
--- ------------------------------------------------------------ -----------------------------------------
2 Reason for the notification
--- -------------------------------------------------------------------------------------------------------
a) Position/status Director
--- ------------------------------------------------------------ -----------------------------------------
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 N/A
--- ------------------------------------------------------------ -----------------------------------------
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
Identification code
GB00B04XB679
--- ------------------------------------------------------------ -----------------------------------------
b) Nature of the transaction Receipt of shares in lieu of salary/fees
--- ------------------------------------------------------------ -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
5p 900,000
--------- ----------
--- ------------------------------------------------------------ -----------------------------------------
d) Aggregated information
* Aggregated volume 900,000
GBP45,000
* Price
--- ------------------------------------------------------------ -----------------------------------------
e) Date of the transaction 31 January 2017
--- ------------------------------------------------------------ -----------------------------------------
f) Place of the transaction N/A
--- ------------------------------------------------------------ -----------------------------------------
Following the issue of the New Ordinary Shares, Gopinath Pillai is interested (directly or indirectly) in in a total of 425,000 Ordinary Shares representing approximately 0.43 per cent. of the Company's issued share capital.
1 Details of the person discharging managerial responsibilities/person closely associated
--- -------------------------------------------------------------------------------------------------------
a) Name Gopinath Pillai
--- ------------------------------------------------------------ -----------------------------------------
2 Reason for the notification
--- -------------------------------------------------------------------------------------------------------
a) Position/status Director
--- ------------------------------------------------------------ -----------------------------------------
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 N/A
--- ------------------------------------------------------------ -----------------------------------------
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
Identification code
GB00B04XB679
--- ------------------------------------------------------------ -----------------------------------------
b) Nature of the transaction Receipt of shares in lieu of salary/fees
--- ------------------------------------------------------------ -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
5p 400,000
--------- ----------
--- ------------------------------------------------------------ -----------------------------------------
d) Aggregated information
* Aggregated volume 400,000
GBP20,000
* Price
--- ------------------------------------------------------------ -----------------------------------------
e) Date of the transaction 316 January 2017
--- ------------------------------------------------------------ -----------------------------------------
f) Place of the transaction N/A
--- ------------------------------------------------------------ -----------------------------------------
Following the issue of the New Ordinary Shares, Sabin Joshi is interested in a total of 400,000 Ordinary Shares representing approximately 0.40 per cent. of the Company's issued share capital.
1 Details of the person discharging managerial responsibilities/person closely associated
--- -------------------------------------------------------------------------------------------------------
a) Name Sabin Joshi
--- ------------------------------------------------------------ -----------------------------------------
2 Reason for the notification
--- -------------------------------------------------------------------------------------------------------
a) Position/status Director
--- ------------------------------------------------------------ -----------------------------------------
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 N/A
--- ------------------------------------------------------------ -----------------------------------------
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
Identification code
GB00B04XB679
--- ------------------------------------------------------------ -----------------------------------------
b) Nature of the transaction Receipt of shares in lieu of salary/fees
--- ------------------------------------------------------------ -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
5p 400,000
--------- ----------
--- ------------------------------------------------------------ -----------------------------------------
d) Aggregated information
* Aggregated volume 400,000
GBP20,000
* Price
--- ------------------------------------------------------------ -----------------------------------------
e) Date of the transaction 31 January 2017
--- ------------------------------------------------------------ -----------------------------------------
f) Place of the transaction N/A
--- ------------------------------------------------------------ -----------------------------------------
Following the issue of the New Ordinary Shares, Ramasamy Jayapal is interested in a total of 1,453,131 Ordinary Shares representing approximately 1.47 per cent. of the Company's issued share capital.
1 Details of the person discharging managerial responsibilities/person closely associated
--- -------------------------------------------------------------------------------------------------------
a) Name Ramasamy Jayapal
--- ------------------------------------------------------------ -----------------------------------------
2 Reason for the notification
--- -------------------------------------------------------------------------------------------------------
a) Position/status Director
--- ------------------------------------------------------------ -----------------------------------------
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 N/A
--- ------------------------------------------------------------ -----------------------------------------
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
Identification code
GB00B04XB679
--- ------------------------------------------------------------ -----------------------------------------
b) Nature of the transaction Receipt of shares in lieu of salary/fees
--- ------------------------------------------------------------ -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
5p 820,000
--------- ----------
--- ------------------------------------------------------------ -----------------------------------------
d) Aggregated information
* Aggregated volume 820,000
GBP41,000
* Price
--- ------------------------------------------------------------ -----------------------------------------
e) Date of the transaction 31 January 2017
--- ------------------------------------------------------------ -----------------------------------------
f) Place of the transaction N/A
--- ------------------------------------------------------------ -----------------------------------------
ENDS
Contacts: Malvern International plc www.malverninternational.com Haider Sithawalla +65 64120733 Dr Sam Malafeh +65 83860155 WH Ireland Limited Nominated Adviser & Broker Mike Coe, Ed Allsopp +44 (0) 117 945 3470
.
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOEFFLFBDLFBBBQ
(END) Dow Jones Newswires
February 01, 2017 06:06 ET (11:06 GMT)
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