Grant of Options and Total Voting Rights
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Mortgage Advice Bureau (Holdings) plc (AIM: MAB1.L) announces that a total of 274,563 options over ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") (the "Options") have been granted on 22 April 2024 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 a performance condition based on growth in adjusted earnings per share. Subject to achievement of the performance condition, the Options will become exercisable on 2 April 2027. 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 846,416 representing 1.5% of the Company's issued share capital.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | 1. Peter Brodnicki 2. Ben Thompson |
| 2 | Reason for the notification | |
| a) | Position/status | 1. Chief Executive Officer 2. Deputy Chief Executive Officer |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Mortgage Advice Bureau (Holdings) plc |
| b) | LEI | 2138008AY1RA61T6W960 |
| b) | Nature of the transaction | Grant of Options |
| c) | Price(s) and volume(s) | Price No. of options 1. £0 2. £0 1. 75,391 2. 60,312 |
| d) | Aggregated information - Aggregated volume - Price | Volume: 135,703 Price: £0 |
| e) | Date of the transaction | 22 April 2024 |
| f) | Place of the transaction | London Stock Exchange, AIM |
| Joint Broker: Peel Hunt LLP Andrew Buchanan / Mike Burke | +44 (0) 20 7418 8900 |
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