Mortgage Advice Bureau(Holdings)PLC Grant of Options and PDMR Dealing (0121U)

TIDMMAB1

RNS Number : 0121U

Mortgage Advice Bureau(Holdings)PLC

24 July 2020

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 203,668 options over ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") (the "Options") have been granted on 22 July 2020 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 22 April 2023. 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 1,530,445 representing 2.9% of the Company's issued share capital.

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    Initial 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 
       instrument, 
       type of instrument      ISIN: GB00BQSBH502 
       Identification 
       code 
     ----------------------  ---------------------------------------- 
 b)   Nature of               Grant of Options 
       the transaction 
     ----------------------  ---------------------------------------- 
 c)   Price(s) and              Price        No. of options 
       volume(s)                      1. 0         1. 37,108 
                                       2. 0         2. 37,108 
                                       3. 0         3. 28,862 
                                             ---------------- 
     ----------------------  ---------------------------------------- 
 d)   Aggregated              Volume: 103,078 
       information             Price: 0 
       - Aggregated 
       volume 
       - Price 
     ----------------------  ---------------------------------------- 
 e)   Date of the             22 July 2020 
       transaction 
     ----------------------  ---------------------------------------- 
 f)   Place of the            London Stock Exchange, AIM 
       transaction 
     ----------------------  ----------------------------------------

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: 
 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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