Malvern International PLC Grant of Options (3785K)

TIDMMLVN

RNS Number : 3785K

Malvern International PLC

01 September 2021

1 September 2021

MALVERN INTERNATIONAL PLC

("Malvern" or the "Company")

Grant of EMI Share Options

Malvern International plc (AIM: MLVN), the global learning and skills development partner, announces that the Company is granting options to a director and certain employees over 58,750,000 ordinary shares of 0.1 pence each in the capital of the Company, pursuant to the Company's EMI share option scheme (the "EMI Options"). The EMI Options being granted when added to the 92,750,000 issued on 21 January 2021 total 151,500,000 and represent 7.3 per cent. of the existing issued share capital of the Company.

The EMI Options will vest after three years once defined share price levels have been attained for 40 consecutive business days. Half of the individual EMI options awards will vest when the mid-market share price of the Company reaches 0.6 pence and the remaining half will vest when the mid-market share price of the Company reaches 1.1 pence.

The exercise price of the EMI Options is 0.22 pence each.

Of the total EMI Options granted in this tranche, 18,500,000 have been granted to Richard Mace, Chief Executive of the Company adding to the 29,500,000 EMI options issued on 21 January 2021 taking Mr Mace's total of EMI options to 48,000,000.

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

For further information please contact:

 
 Malvern International Plc                             www.malverninternational.com 
  Richard Mace - Chief Executive                       Via Communications Portfolio 
  Officer 
 
 NOMAD and Broker                                               www.whirelandcb.com 
  WH Ireland Limited 
  Mike Coe / Sarah Mather                                          [phone] 
 
 Media enquiries 
  Communications Portfolio           [e-mail] 
  Ariane Comstive                                                  [phone] 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                Richard Mace 
      ----------------------------------  ------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------- 
 a)    Position/status                     Chief Executive Officer 
      ----------------------------------  ------------------------------------- 
 b)    Initial notification                Initial Notification 
        /Amendment 
      ----------------------------------  ------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------- 
 a)    Name                                Malvern International plc 
      ----------------------------------  ------------------------------------- 
 b)    LEI                                 213800VWAV2HXY1OUT29 
      ----------------------------------  ------------------------------------- 
 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                  EMI Share options over ordinary 
        financial instrument,               shares of 0.1p each 
        type of instrument 
 
       Identification code                 GB00B04XB679 
 
 b)    Nature of the transaction           Grant of options 
      ----------------------------------  ------------------------------------- 
 c)    Price(s) and volume(s) 
                                            Price(s)            Volume(s) 
  Grant of options                          0.22p               18,500,000 
 
 d)    Aggregated information 
 
  - Aggregated volume                       18,500,000 
 
  - Price                                   GBP40,700.00 
 
 e)    Date of the transaction             1 September 2021 
      ----------------------------------  ------------------------------------- 
 f)    Place of the transaction            London Stock Exchange, AIM 
      ----------------------------------  ------------------------------------- 
 

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September 01, 2021 05:08 ET (09:08 GMT)