Marechale Capital Plc Grant of Options to Directors

 
TIDMMAC 
 
Marechale Capital plc 
 
                        ("Marechale" or the "Company") 
 
                         Grant of Options to Directors 
 
Marechale Capital plc (AIM:MAC) announces that it has granted options in 
aggregate over 4,354,927 ordinary shares to Patrick Booth-Clibborn and Mark 
Warde-Norbury ("the Share Options") at 1.25p per share. The Share Options, 
which were approved by shareholders at the Company's annual general meeting on 
23 September 2019, were granted on 10 December 2020 and represent approximately 
7.55% of the Company's current issued share capital. 
 
The Share Options were awarded as follows: 
 
                Share Options      Number of Resultant Number      As a % of 
                     Prior to  Share Options of Share Options Current Issued 
                        Grant        Granted             Held  Share Capital 
 
Patrick             4,395,303      4,037,681        8,432,984         14.62% 
Booth-Clibborn 
 
Mark                  547,971        317,246          865,217          1.50% 
Warde-Norbury 
 
Following the grant of the Share Options, the Company will have 9,846,172 
options in issue representing 17.1% per cent of the issued share capital in 
aggregate. 
 
The Share Options have been granted in accordance with rules of the Marechale 
Capital plc Enterprise Management Incentive Share Option Plan, which has been 
modified following shareholder approval to increase the total number of options 
that may be awarded.  The Share Options granted have an exercise price or 1.25p 
and vest one-third per annum on the anniversary date of the grant. They are not 
subject to performance criteria and will expire on the fifth anniversary of the 
earliest date of exercise, the latter taken to be the date on which the options 
have vested. 
 
The grant of Share Options to the Directors described above, is a related party 
transaction for the purposes of Rule 13 of the AIM Rules. With the exception of 
Patrick Booth-Clibborn and Mark Warde-Norbury, the directors consider, having 
consulted with the Company's Nominated Adviser Cairn Financial Advisers LLP, 
that the terms of the transaction are fair and reasonable insofar as 
shareholders are concerned. 
 
This announcement contains inside information for the purposes of Article 7 of 
EU Regulation 596/2014. 
 
For further information please contact: 
 
Marechale Capital plc                              Tel: [phone] 
Mark Warde-Norbury / Patrick Booth-Clibborn 
 
Cairn Financial Advisers LLP (Nomad)               Tel: [phone] 
Jo Turner / Sandy Jamieson / Mark Rogers 
 
Novum Securities Limited (Broker)                  Tel: [phone] 
Colin Rowbury 
 
Notification and public disclosure of transactions by persons discharging 
managerial responsibilities and persons closely associated with them 
 
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 
596/2014 
 
1     Details of the person discharging managerial responsibilities/person closely 
      associated 
 
a.    Name                  a. Patrick Booth-Clibborn 
                            b. Mark Warde-Norbury 
 
2     Reason for 
      notification 
 
a.    Position/Status       a. Chief Executive 
                            b. Executive Chairman 
 
b.    Initial notification Initial 
      / 
      Amendment 
 
3     Details of the issuer, emission allowance market participant, auction platform, 
      auctioneer or auction monitor 
 
a.    Name                 Marechale Capital plc 
 
b.    LEI                  213800WAVVOPS85N2205 
 
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   Ordinary Shares 
      financial 
      instrument, type of 
      instrument           ISIN: GB0005401087 
 
      Identification Code 
 
b.    Nature of the        Grant of share options at an exercise price of 1.25 pence 
      transaction 
 
c.    Price(s) and volume       Volume(s)        Exercise Price 
      (s)                                        (p) 
 
                                 a. 4,037,681    1.25p 
 
                                b)  317,246      1.25p 
 
d.    Aggregated 
      information 
                           4,354,927 
      - Aggregated Volume  1.25 pence 
      - Price 
 
e.    Date of the          10/12/2020 
      transaction 
 
f.    Place of the         London Stock Exchange, AIM 
      transaction 
 
 
 
 
END 
 

(END) Dow Jones Newswires

December 11, 2020 07:47 ET (12:47 GMT)