TIDMMLVN

RNS Number : 4545T

Malvern International PLC

15 November 2023

15 November 2023

MALVERN INTERNATIONAL PLC

("Malvern" or the "Company")

Appointment of Chief Development Officer and Grant of EMI Options

Malvern International plc (AIM: MLVN), the global learning and skills development partner, is pleased to announce the non-board appointment of Stephen Harvey as Chief Development Officer with responsibility for growing its global network of University and Higher Education partnerships. The Company also announces the grant of options to certain employees, pursuant to the Company's EMI share option scheme (the "EMI Options").

Stephen Harvey has 40 years' experience in the global education sector. He has held a number of senior positions across policy, governance and teaching including: Non-Executive Director at Sannam S4; Founder and Global Managing Director of Cambridge Education Group's ONCAMPUS Higher Education Pathways Division; Head of Higher Education Advisory Services at KPMG UK; Project Manager, UK Government Department for Education Strategy & Innovation Unit; and UK Managing Director of Study Group. Steve is currently a Trustee of Cumberland Lodge.

Steve has also held the positions of: joint Director of a University Business School; Principal Lecturer, Head of Department in Accounting & Finance; and Director of the International Office at two UK Universities.

Richard Mace, Chief Executive Officer, said: "I am extremely pleased to welcome Stephen to Malvern. As a leading authority in our industry, Steve's extensive experience and network will be invaluable to next stage of Malvern's development as we look to expand our university partnerships."

Stephen Harvey, Chief Development Officer, said: "I am delighted and honoured to be joining Malvern at such an exciting time it its development - we are looking forward to building upon our considerable achievements to date. As the new Chief Development Officer, I am committed to fostering high academic quality, innovation and growth - turning our considerable opportunities into realities - and working with our growing world-class team to deliver sector-leading outcomes in partnership with the world's leading Universities."

Grant of EMI Options

The Company has granted 287 , 500 EMI Options to certain employees pursuant to the Company's EMI share option scheme. 100,000 of these EMI Options are being awarded to Stephen Harvey as part of his service agreement and incentive plan.

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 115 pence and the remaining half will vest when the mid-market share price of the Company reaches 15 0 pence. The exercise price of the new EMI Options is 23.5 pence each, being the closing mid-market price on 14 November 2023.

 
 For further information please 
  contact: 
 Malvern International Plc         www.malverninternational.com 
 Mark Elliott - Chairman                        Via our website 
 Richard Mace - Chief Executive 
  Officer 
 WH Ireland (NOMAD & Broker)                www.whirelandcb.com 
 Mike Coe / Sarah Mather                          0207 220 1666 
 

Notes to Editors:

Malvern International is a learning and language skills development partner, offering international students essential academic and English language skills, cultural experiences and the support they need to thrive in their academic studies, daily life and career development.

University Pathways - on and off-campus university pathway programmes helping students progress to a range of universities, as well as in-sessional and pre-sessional courses.

Malvern House Schools - British Council accredited English Language Training at English UK registered schools in London, Brighton and Manchester.

Juniors and summer camps - fully-immersive summer residential English language camps and bespoke group programmes for 13 to 18 year olds.

For further investor information go to www.malverninternational.com

 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                          Stephen Harvey 
      ----------------------------  -------------------------------------- 
       Reason for the notification 
  2 
      -------------------------------------------------------------------- 
 a)    Position/status               PDMR 
      ----------------------------  -------------------------------------- 
 b)    Initial notification          Initial Notification 
        /Amendment 
      ----------------------------  -------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      -------------------------------------------------------------------- 
 a)    Name                          Malvern International plc 
      ----------------------------  -------------------------------------- 
 b)    LEI                           213800VWAV2HXY1OUT29 
      ----------------------------  -------------------------------------- 
       Details of the transaction(s): section to be repeated for 
  4     (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            Ordinary Shares of 1p each 
        financial instrument, 
        type of instrument 
 
       Identification code           GB00BNBVJZ07 
 
 b)    Nature of the transaction     Grant of Options 
      ----------------------------  -------------------------------------- 
 c)    Price(s) and volume(s) 
                                                   Price(s)   Volume(s) 
                                        Grant of 
                                         Options    23.5p      100,000 
                                                   ---------  ---------- 
 
 
 d)    Aggregated information 
 
  - Aggregated volume                 100,000 
 
     GBP23,500 
  - Price 
 
 e)    Date of the transaction       14 November 2023 
      ----------------------------  -------------------------------------- 
 f)    Place of the transaction      Outside a trading venue 
      ----------------------------  -------------------------------------- 
 

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November 15, 2023 02:00 ET (07:00 GMT)

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