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MSI Ms International Plc

830.00
0.00 (0.00%)
Last Updated: 08:00:09
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ms International Plc LSE:MSI London Ordinary Share GB0005957005 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 830.00 820.00 840.00 840.00 820.00 820.00 383 08:00:09
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Special Industry Machy, Nec 83.96M 4.12M 0.2521 32.92 135.5M

MS International PLC Grant of Awards and Director/PDMR Shareholding (2441S)

02/11/2023 4:06pm

UK Regulatory


Ms (LSE:MSI)
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TIDMMSI

RNS Number : 2441S

MS International PLC

02 November 2023

2 November 2023

MS INTERNATIONAL plc

(the "Company")

Grant of options and awards

Director/PDMR Shareholding

The Company announces that on 31 October 2023, it granted options over a total of 117,900 ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares") to certain directors and employees pursuant to the Company Share Option Plan ("CSOP"). The Company also announces that on the same day, it granted phantom awards over 100,000 notional shares to Roger Lane-Smith, Non-Executive Director of the Company.

Grants under the CSOP

Options over 117,900 Ordinary Shares (the "Options") have been granted under the CSOP, exerciseable at a price of 720p, being the share price at the time of grant. The Options will vest as to one third on each of the third, fourth and fifth anniversaries of the award date. Vested options will expire if they have not been exercised after ten years from the date of grant.

Details of the grants of options over Ordinary Shares to persons discharging managerial responsibilities are set out in the table below.

 
 Name and position                        Number of CSOP options 
                                                         granted 
 Michael Bell, Executive Chairman                          4,150 
                                         ----------------------- 
 Michael O'Connell, Finance Director                       4,150 
                                         ----------------------- 
 Nicholas Bell, Executive Director                         4,150 
                                         ----------------------- 
 David Hansell, Non-executive Director                     4,150 
                                         ----------------------- 
 

As noted in the Company's 2023 annual report, in addition to his role as a Non-executive Director, David Hansell provides commercial and leadership services to the Company's Defence division. Accordingly, CSOP options have been granted to him to reflect his contribution to the future development of this division.

Following the grants, options over 1,072,693 Ordinary Shares will be in issue, representing approximately 6.6% of the Company's issued share capital (excluding Ordinary Shares held in treasury).

Grant of phantom award

The Company has granted a phantom award in respect of 100,000 notional shares, exercisable at nil value, to Roger Lane-Smith to reflect his significant contribution to the Board, and the Company's progess and international development, and in order to retain and incentivise future service to the Company (the "Phantom Award"). The Phantom Award will be cash-settled in reference to the share price on the date of exercise. The vesting of the phantom award is subject to continued service and will only vest in the event of a future change of control of the Company. The Phantom Awards will lapse if they have not vested within 10 years of grant.

Related Party Transaction

The grant of the Phantom Award to Roger Lane-Smith, as a director of the Company, constitutes a related party transaction pursuant to Rule 13 of the AIM Rules for Companies. The Company's directors who are independent of the related party transaction (being all of the directors other than Roger Lane-Smith) consider, having consulted with the Company's Nominated Adviser, Shore Capital, that the terms of the related party transaction are fair and reasonable insofar as the shareholders of the Company are concerned.

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

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                          Mr Michael Bell 
     ----------------------------  ------------------------------------- 
      Reason for the notification 
  2 
     ------------------------------------------------------------------- 
 a)   Position/status               Executive Chairman 
     ----------------------------  ------------------------------------- 
 b)   Initial notification          Initial notification 
       /Amendment 
     ----------------------------  ------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                          MS INTERNATIONAL plc 
     ----------------------------  ------------------------------------- 
 b)   LEI                           213800Q34ZAXQ582YL41 
     ----------------------------  ------------------------------------- 
      Details of the transaction(s): section to be repeated 
  4    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            Options over ordinary shares of 10 
       financial instrument,         pence each 
       type of instrument 
                                     ISIN: GB0005957005 
       Identification code 
     ----------------------------  ------------------------------------- 
 b)   Nature of the transaction                Grant of CSOP options 
     ----------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)    Volume(s) 
                                      Nil         4,150 
                                                 ---------- 
     ----------------------------  ------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume            Aggregated volume: N/A 
 
       - Price                        Aggregated price: N/A 
     ----------------------------  ------------------------------------- 
 e)   Date of the transaction       31 October 2023 
     ----------------------------  ------------------------------------- 
 f)   Place of the transaction      Off market transaction 
     ----------------------------  ------------------------------------- 
 
 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                          Mr Michael O'Connell 
     ----------------------------  ------------------------------------- 
      Reason for the notification 
  2 
     ------------------------------------------------------------------- 
 a)   Position/status               Finance Director 
     ----------------------------  ------------------------------------- 
 b)   Initial notification          Initial notification 
       /Amendment 
     ----------------------------  ------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                          MS INTERNATIONAL plc 
     ----------------------------  ------------------------------------- 
 b)   LEI                           213800Q34ZAXQ582YL41 
     ----------------------------  ------------------------------------- 
      Details of the transaction(s): section to be repeated 
  4    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            Options over ordinary shares of 10 
       financial instrument,         pence each 
       type of instrument 
                                     ISIN: GB0005957005 
       Identification code 
     ----------------------------  ------------------------------------- 
 b)   Nature of the transaction                Grant of CSOP options 
     ----------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)    Volume(s) 
                                      Nil         4,150 
                                                 ---------- 
     ----------------------------  ------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume            Aggregated volume: N/A 
 
       - Price                        Aggregated price: N/A 
     ----------------------------  ------------------------------------- 
 e)   Date of the transaction       31 October 2023 
     ----------------------------  ------------------------------------- 
 f)   Place of the transaction      Off market transaction 
     ----------------------------  ------------------------------------- 
 
 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                          Mr Nicholas Bell 
     ----------------------------  ------------------------------------- 
      Reason for the notification 
  2 
     ------------------------------------------------------------------- 
 a)   Position/status               Executive Director 
     ----------------------------  ------------------------------------- 
 b)   Initial notification          Initial notification 
       /Amendment 
     ----------------------------  ------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                          MS INTERNATIONAL plc 
     ----------------------------  ------------------------------------- 
 b)   LEI                           213800Q34ZAXQ582YL41 
     ----------------------------  ------------------------------------- 
      Details of the transaction(s): section to be repeated 
  4    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            Options over ordinary shares of 10 
       financial instrument,         pence each 
       type of instrument 
                                     ISIN: GB0005957005 
       Identification code 
     ----------------------------  ------------------------------------- 
 b)   Nature of the transaction                Grant of CSOP options 
     ----------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)    Volume(s) 
                                      Nil         4,150 
                                                 ---------- 
     ----------------------------  ------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume            Aggregated volume: N/A 
 
       - Price                        Aggregated price: N/A 
     ----------------------------  ------------------------------------- 
 e)   Date of the transaction       31 October 2023 
     ----------------------------  ------------------------------------- 
 f)   Place of the transaction      Off market transaction 
     ----------------------------  ------------------------------------- 
 
 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                          Mr David Hansell 
     ----------------------------  ------------------------------------- 
      Reason for the notification 
  2 
     ------------------------------------------------------------------- 
 a)   Position/status               Non-executive Director 
     ----------------------------  ------------------------------------- 
 b)   Initial notification          Initial notification 
       /Amendment 
     ----------------------------  ------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                          MS INTERNATIONAL plc 
     ----------------------------  ------------------------------------- 
 b)   LEI                           213800Q34ZAXQ582YL41 
     ----------------------------  ------------------------------------- 
      Details of the transaction(s): section to be repeated 
  4    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            Options over ordinary shares of 10 
       financial instrument,         pence each 
       type of instrument 
                                     ISIN: GB0005957005 
       Identification code 
     ----------------------------  ------------------------------------- 
 b)   Nature of the transaction                Grant of CSOP options 
     ----------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)    Volume(s) 
                                      Nil         4,150 
                                                 ---------- 
     ----------------------------  ------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume            Aggregated volume: N/A 
 
       - Price                        Aggregated price: N/A 
     ----------------------------  ------------------------------------- 
 e)   Date of the transaction       31 October 2023 
     ----------------------------  ------------------------------------- 
 f)   Place of the transaction      Off market transaction 
     ----------------------------  ------------------------------------- 
 
 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                          Mr Roger Lane-Smith 
     ----------------------------  ------------------------------------- 
      Reason for the notification 
  2 
     ------------------------------------------------------------------- 
 a)   Position/status               Non-executive Director 
     ----------------------------  ------------------------------------- 
 b)   Initial notification          Initial notification 
       /Amendment 
     ----------------------------  ------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                          MS INTERNATIONAL plc 
     ----------------------------  ------------------------------------- 
 b)   LEI                           213800Q34ZAXQ582YL41 
     ----------------------------  ------------------------------------- 
      Details of the transaction(s): section to be repeated 
  4    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            Phantom award over notional shares 
       financial instrument,         (right to cash equivalent value of 
       type of instrument            Ordinary Shares) 
 
       Identification code           ISIN: GB0005957005 
     ----------------------------  ------------------------------------- 
 b)   Nature of the transaction                Grant of phantom award 
     ----------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)    Volume(s) 
                                      Nil         100,000 
                                                 ---------- 
     ----------------------------  ------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume            Aggregated volume: N/A 
 
       - Price                        Aggregated price: N/A 
     ----------------------------  ------------------------------------- 
 e)   Date of the transaction       31 October 2023 
     ----------------------------  ------------------------------------- 
 f)   Place of the transaction      Off market transaction 
     ----------------------------  ------------------------------------- 
 

For further information please contact:

MS INTERNATIONAL plc Tel : +44 (0)13 0232 2133

Michael Bell

Shore Capital

Nomad and Broker Tel: +44 (0)20 7408 4090

Patrick Castle/Daniel Bush/Lucy Bowden

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END

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November 02, 2023 12:06 ET (16:06 GMT)

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