TIDMMLVN

RNS Number : 5078M

Malvern International PLC

21 January 2021

21 January 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 102,750,000 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 represent 8.5 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 0.5 pence and the remaining half will vest when the mid-market share price of the Company reaches 0.9 pence.

The exercise price of the EMI Options is 0.15 pence each.

Of the total EMI Options granted, 29,500,000 EMI Options have been granted to Richard Mace, Chief Executive Officer of the Company.

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 
 Mark Elliott - Chairman                  Via Communications Portfolio 
 Richard Mace - Chief Executive 
  Officer 
 WH Ireland (NOMAD & Broker)                       www.whirelandcb.com 
 Mike Coe / Chris Savidge                                0207 220 1666 
 
 Media enquiries 
 Communications Portfolio        ariane@communications-portfolio.co.uk 
 Ariane Comstive                                      +44 7785 922 354 
 
 
 
 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                           0.15p             29,500,000 
 
 d)    Aggregated information 
 
  - Aggregated volume                        29,500,000 
 
  - Price                                    GBP44,250 
 
 e)    Date of the transaction              21 January 2021 
      -----------------------------------  ------------------------------------- 
 f)    Place of the transaction             London Stock Exchange, AIM 
      -----------------------------------  -------------------------------------

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January 21, 2021 09:12 ET (14:12 GMT)

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