6 April 2021
Mortgage Advice Bureau (Holdings) plc ("MAB" or the "Company")
Grant of Options and PDMR Dealing
Mortgage Advice Bureau (Holdings) plc (AIM: MAB1.L) announces that a total of 115,502 options over ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") (the "Options") have been granted on 1 April 2021 to the Executive Directors and senior executives of MAB. The Options have been granted under the Mortgage Advice Bureau Executive Share Option Plan and exercise of the Options is subject to the achievement of performance conditions based on total shareholder return and earnings per share criteria. Subject to achievement of the performance conditions, the Options will become exercisable on 1 April 2024. The exercise price for the Options is 0.1 pence, being the nominal cost of Ordinary Shares.
The total number of Ordinary Shares now under option is 545,302 representing 1.0% of the Company's issued share capital.
In addition, the Company has been notified that on 1 April 2021 certain Directors of the Company or their connected parties sold Ordinary Shares as follows:
| Director | Date of | Number of | Sale | Total shares held following sale | % ISC held following sale |
| Nathan Imlach | 1 April 2021 | 15,000 | 1120.0p | 20,644 | 0.04% |
The notification below is made in accordance with the requirements of the EU Market Abuse Regulation.
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 | 1. Peter Brodnicki 2. Ben Thompson 3. Lucy Tilley | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | 1. Chief Executive Officer 2. Deputy Chief Executive Officer 3. Chief Financial Officer
| ||||
| b)
| Initial notification /Amendment | Initial notification | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Mortgage Advice Bureau (Holdings) plc | ||||
| b) | LEI | 2138008AY1RA61T6W960 | ||||
| 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 instrument, type of instrument Identification code | Ordinary Shares of 0.1 pence each
ISIN: GB00BQSBH502 | ||||
| b) | Nature of the transaction | Grant of Options
| ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | Volume: 57,102 Price: 0 | ||||
| e) | Date of the transaction | 1 April 2021 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Donna Imlach |
| 2 | Reason for the notification | |
| a) | Position/status | Person closely associated with Person Discharging Managerial Responsibilities (Nathan Imlach, Senior Independent Director)
|
| b)
| Initial notification /Amendment | Initial notification |
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | Mortgage Advice Bureau (Holdings) plc |
| b) | LEI | 2138008AY1RA61T6W960 |
| 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 instrument, type of instrument Identification code | Ordinary Shares of 0.1 pence each
ISIN: GB00BQSBH502 |
| b) | Nature of the transaction | Sale of shares
|
| c) | Price(s) and volume(s) | Volume: 15,000 Price: 1120.0p
|
| d) | Aggregated information - Aggregated volume - Price | Volume: 15,000 Price: 1120.0p
|
| e) | Date of the transaction | 1 April 2021 |
| f) | Place of the transaction | London Stock Exchange, AIM |
Enquiries:
| Mortgage Advice Bureau (Holdings) plc | +44 (0)1332 525007 |
| Peter Brodnicki, Chief Executive Officer Ben Thompson, Deputy Chief Executive Officer Lucy Tilley, Chief Financial Officer
| |
| Nominated Adviser and Broker: Numis Securities Limited Stephen Westgate / Hugo Rubinstein (Corporate Finance)
|
+44 (0)20 7260 1000 |
| Media Enquiries: | |
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