Mortgage Advice Bureau(Holdings)PLC Board Appointment (5748Q)

TIDMMAB1

RNS Number : 5748Q

Mortgage Advice Bureau(Holdings)PLC

07 June 2018

7 June 2018

Mortgage Advice Bureau (Holdings) plc ("MAB" or the "Group")

Board Appointment

MAB is pleased to announce that Ben Thompson has today joined the Board of MAB as Managing Director of the Group. As announced previously on 4 April 2018, this is a new Board role within MAB that reflects the ambitions of the Group and the considerable opportunities that lie ahead.

Ben was most recently Chief Executive Officer of ULS Technology plc, the provider of online B2B platforms for the UK conveyancing and financial intermediary markets. Prior to that he held senior positions at Legal & General Group plc, where he ran their market-leading mortgage distribution business, as well as the banking division.

MAB has granted to Ben Thompson 59,263 options over ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") (the "Options"). 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 be exercisable in three years' time. The exercise price for the Options is 0.1 pence, being the nominal cost of Ordinary Shares. The Options represent 0.1% of the Ordinary Shares in issue. In addition, Ben Thompson owns 113,000 Ordinary Shares, representing 0.2% of the Ordinary Shares in issue

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) Ben Thompson 
---  ------------------  ---------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------ 
 a)   Position/status     1) Managing Director 
---  ------------------  ---------------------------------- 
 b)   Initial             Initial notification 
       notification 
       /Amendment 
---  ------------------  ---------------------------------- 
 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         Ordinary Shares of 0.1 pence each 
       of the financial    ISIN: GB00BQSBH502 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
---  ------------------  ---------------------------------- 
 b)   Nature of           Grant of options 
       the transaction 
---  ------------------  ---------------------------------- 
 c)   Price(s)              Price     No. of shares 
       and volume(s)        --------  -------------- 
                             1) Nil    1) 59,263 
                            --------  -------------- 
---  ------------------  ---------------------------------- 
 d)   Aggregated          N/A 
       information 
       - Aggregated 
       volume 
       - Price 
---  ------------------  ---------------------------------- 
 e)   Date of             1) 7 June 2018 
       the transaction 
---  ------------------  ---------------------------------- 
 f)   Place of            London Stock Exchange, AIM 
       the transaction 
---  ------------------  ----------------------------------

Enquiries:

 
 Mortgage Advice Bureau 
  (Holdings) plc                   +44 (0)1332 525007 
 Peter Brodnicki, Chief 
  Executive Officer 
 David Preece, Chief Operating 
  Officer 
 Lucy Tilley, Finance 
  Director 
 Nominated Adviser and 
  Joint Broker: 
 Zeus Capital                     +44 (0)20 3829 5000 
 Martin Green 
 Nicholas How 
 Pippa Underwood 
 Joint Broker: 
 Canaccord Genuity                +44 (0)20 7523 8350 
 Andrew Buchanan 
 Richard Andrews 
 Media Enquiries: 
 investorrelations@mab.org.uk

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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