28 January 2022
Marlowe plc
("Marlowe" or the "Company")
Director/PDMR Shareholding
Marlowe plc ("Marlowe" or the "Group"), the UK leader in business-critical services and software which assure safety and regulatory compliance, announces that it has today made awards of performance units under the Marlowe Executive Incentive Plan (the "EIP" or the "Plan") to the Company's executive directors and other employees.
The EIP was approved by the Company's shareholders in a general meeting on 25 May 2021 and full details of the EIP, and the then intended EIP performance unit awards in the amounts now granted, were announced by the Company on 10 May 2021.
The EIP performance units entitle awardees, subject to the satisfaction of previously disclosed performance and other conditions, to acquire new ordinary shares in the Company in the future up to the maximum amounts set out in the notifications, made in accordance with Article 19 of the UK Market Abuse Regulation, below.
For further information:
| Marlowe plc | |
| Alex Dacre, Chief Executive | Tel: +44 (0) 203 841 6194 |
| Adam Councell, Chief Financial Officer | |
| Julian Wais, Head of Investor Relations | |
| | |
|
Cenkos Securities plc - Nominated Adviser and Joint Broker | |
| Nicholas Wells | Tel: +44 (0)20 7397 8900 |
| Ben Jeynes | |
| George Lawson | |
| | |
|
Joh. Berenberg, Gossler & Co. KG, London Branch - Joint Broker | |
| Mark Whitmore Ben Wright Dan Gee-Summons | Tel: +44 (0)20 3207 7800 |
| | |
| | |
| FTI Consulting | |
| Nick Hasell | Tel: +44 (0)20 3727 1340 |
| Alex Le May | |
About Marlowe plc
Marlowe is a UK leader in business critical services and software which assure safety and regulatory compliance. The company was formed to create sustainable shareholder value through the acquisition and development of businesses that provide regulated safety and compliance services. It is focused on health & safety, compliance software, employment law & HR compliance, fire safety, security, water treatment & air hygiene 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 thousands of SMEs, local authorities, facilities management providers, multi-site NHS trusts and FTSE 100 companies.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | 1. Alex Dacre 2. Adam Councell | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | 1. Chief Executive Officer 2. Group Chief Financial Officer | |||
| b) | Initial notification /Amendment | Initial notifications | |||
| 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 instrument, type of instrument | Ordinary shares of 50 pence each | |||
| Identification code | ISIN: GB00BD8SLV43 | ||||
| b) | Nature of the transaction | Grants of conditional performance unit awards under the shareholder approved Marlowe Enterprise Incentive Plan 2021 providing, subject to the achievement of performance and other conditions, awardees the future right to subscribe for a capped number of new ordinary shares in the Company | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | 1. Nil 2. Nil | 1. A maximum of 2,769,796 2. A maximum of 882,413 | | |
| | | | | | |
| d)
| Aggregated information | N/A single transactions | |||
| - Aggregated volume | | ||||
| - Price | | ||||
| e) | Date of the transaction | 28 January 2022
| |||
| f) | Place of the transaction | Outside of a trading venue | |||
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