Mortgage Advice Bureau(Holdings)PLC Grant of Options (7727C)

TIDMMAB1

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            Grant of    Total number     % of Issued 
 Director          options 19      of options   Share Capital 
                   April 2017   post 19 April 
                                   2017 grant 
                                   of options 
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             Initial notification 
       notification 
       /Amendment 
---  ------------------  ------------------------------------------------------ 
 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         Ordinary Shares of 0.1 pence each 
       of the financial    ISIN: GB00BQSBH502 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
---  ------------------  ------------------------------------------------------ 
 b)   Nature of           Grant of options 
       the transaction 
---  ------------------  ------------------------------------------------------ 
 c)   Price(s)              Price        No. of 
       and volume(s)                       shares 
                            -----------  ---------------- 
                                  1) 0         5) 148,550 
                                   2) 0         6) 73,346 
                                   3) 0         7) 95,165 
                                   4) 0         8) 46,422 
                            -----------  ---------------- 
---  ------------------  ------------------------------------------------------ 
 d)   Aggregated          Volume: 363,483 
       information         Price: 0 
       - Aggregated 
       volume 
       - Price 
---  ------------------  ------------------------------------------------------ 
 e)   Date of             19 April 2017 
       the transaction 
---  ------------------  ------------------------------------------------------ 
 f)   Place of            London Stock Exchange, AIM 
       the transaction 
---  ------------------  ------------------------------------------------------ 
 

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]

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 19, 2017 11:52 ET (15:52 GMT)