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Share Name Share Symbol Market Type Share ISIN Share Description
Marlowe Plc LSE:MRL London Ordinary Share GB00BD8SLV43 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 550.00 546.00 554.00 550.00 543.00 550.00 16,641 08:00:18
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 128.5 2.0 3.8 144.7 302

Marlowe PLC Grant of Share Options

08/07/2020 4:03pm

UK Regulatory (RNS & others)


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RNS Number : 4446S

Marlowe PLC

08 July 2020

8 July 2020

Marlowe plc

Grant of Share Options

Marlowe plc ("Marlowe" or the "Group"), the specialist services group focused on developing companies which assure safety and regulatory compliance, announces that the Group has today granted share options over a total of 89,780 ordinary shares of 50 pence each in Marlowe (the "New Share Options").

The New Share Options have been awarded pursuant to the Group's Long Term Incentive Plan, to drive and reward the achievement of the Group's longer-term objectives and to support retention. 63,380 of the New Share Options have been granted to Alex Dacre, Chief Executive, and 26,400 of the New Share Options have been granted to Mark Adams, Group Finance Director. The New Share Options will vest, in whole or in part, on 1 April 2023 (or upon a change of control) subject to the following performance conditions having been met over the preceding three-year period:

 
 Compound Annual              Vesting 
  Total Shareholder Return 
 Less than 5%                 0% 
                             --------------------------- 
 More than 15%                100% 
                             --------------------------- 
 Between 5% and 15%           0%-100% on a straight-line 
                               basis 
                             --------------------------- 
 

Unless special circumstances apply, the New Share Options will normally lapse immediately on cessation of employment. Upon vesting, the New Share Options will be exercisable at a price of 50 pence per ordinary at any time prior to expiry on 31 March 2030.

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further details.

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) 
 Ben Wright                                Tel: +44 (0)20 3207 
                                            7800 
 Mark Whitmore 
 
 FTI Consulting 
 Nick Hasell                               Tel: +44 (0)20 3727 
                                            1340 
 Alex Le May 
 

About Marlowe plc

Marlowe is a UK leader in specialist services which assure safety and regulatory compliance, whilst managing risk for businesses across the country. The company was formed to create sustainable shareholder value through the acquisition and development of businesses that provide regulated inspection, testing and compliance services. It is focused on health & safety, employment law compliance, fire safety, security, water treatment & hygiene, air quality and occupational health services - all of which are vital to the wellbeing of its customers operations and are invariably governed by regulation. Marlowe currently provides services to over 15% of Britain's commercial premises and is increasingly attractive to customers who require a single outsourced, nationwide, provider of a comprehensive range of regulated compliance and safety services. Our customers can be found in most office complexes, high streets & leisure facilities, manufacturing plants and industrial estates, and include SMEs, local authorities, facilities management providers, multi-site NHS trusts and FTSE 100 companies.

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            Ordinary shares of 50 pence 
        instrument, type of instrument          each 
      --------------------------------------  -------------------------------------- 
       Identification code                     GB00BD8SLV43 
      --------------------------------------  -------------------------------------- 
 b)    Nature of the transaction               Grant of new options over ordinary 
                                                shares 
      --------------------------------------  -------------------------------------- 
 c)    Price(s) and volumes(s)                        Price(s)           Volume(s) 
      --------------------------------------  -----------------------  ------------- 
                             Exercise price 
                              - GBP0.50 per 
                                 option                                    63,380 
  -------------------------------------------------------------------  ------------- 
 d)    Aggregated information                  N/A single transaction 
      --------------------------------------  -------------------------------------- 
  Aggregated volume                       N/A single transaction 
 --------------------------------------  ------------------------------------------- 
  Price                                   N/A single transaction 
 --------------------------------------  ------------------------------------------- 
 e)    Date of the transaction                 8 July 2020 
      --------------------------------------  -------------------------------------- 
 f)    Place of the transaction                Outside of a trading venue 
                                                (XOFF) 
      --------------------------------------  -------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                    Mark Adams 
      --------------------------------------  -------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------ 
 a)    Position/status                         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            Ordinary shares of 50 pence 
        instrument, type of instrument          each 
      --------------------------------------  -------------------------------------- 
       Identification code                     GB00BD8SLV43 
      --------------------------------------  -------------------------------------- 
 b)    Nature of the transaction               Grant of new options over ordinary 
                                                shares 
      --------------------------------------  -------------------------------------- 
 c)    Price(s) and volumes(s)                        Price(s)           Volume(s) 
      --------------------------------------  -----------------------  ------------- 
                             Exercise price 
                              - GBP0.50 per 
                                 option                                    26,400 
  -------------------------------------------------------------------  ------------- 
 d)    Aggregated information                  N/A single transaction 
      --------------------------------------  -------------------------------------- 
  Aggregated volume                       N/A single transaction 
 --------------------------------------  ------------------------------------------- 
  Price                                   N/A single transaction 
 --------------------------------------  ------------------------------------------- 
 e)    Date of the transaction                 8 July 2020 
      --------------------------------------  -------------------------------------- 
 f)    Place of the transaction                Outside of a trading venue 
                                                (XOFF) 
      --------------------------------------  -------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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July 08, 2020 11:03 ET (15:03 GMT)

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