Grant of options under SAYE Scheme
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NAHL (AIM: NAH), a leading marketing and services business focused on the UK consumer legal market, announces that on 27 October 2023, it granted 463,736 options over new ordinary shares of 0.25 pence each ("Ordinary Shares") to certain employees and directors of the Group under the NAHL Save As You Earn scheme ("SAYE Scheme").
Participation in the SAYE Scheme has been made available to all employees of the Company who satisfy certain eligibility criteria, giving them the opportunity to participate in the future growth of the Company via options granted under the NAHL Group Share Option Plan. The following directors and persons discharging managerial responsibility ("PDMRs") of the Company have elected to participate in the SAYE Scheme and their options are included in the total figures above.
| Name | Title | Number of options granted | Exercise price |
|---|---|---|---|
| James Saralis | Chief Executive Officer | 41,222 | £0.45 |
| Christopher Higham | Chief Financial Officer | 41,222 | £0.45 |
The options vest after three years, subject to continued employment with the Group, and are exercisable at a price of £0.45 per share, representing a discount of 20 per cent to the closing mid-market price of the Ordinary Shares on 6 October 2023, calculated in accordance with the rules of the SAYE Scheme.
Following the grant of these options, James Saralis is now interested in a total of 845,970 share options in the Company and Chris Higham is now interested in a total of 507,221 share options in the Company.
Following this grant there are a total of 3,719,543 share options granted over unissued Ordinary Shares granted to directors and employees, representing 7.9% of the Company's current ordinary share capital of 46,894,697 Ordinary Shares.
| a) | Name | Mr James Saralis | ||||
| 2. | Reason for the notification | |||||
| a) | Positio n / status | Chief Executive Officer (Director and PDMR) | ||||
| b) | Initial notification / amendment | Initial notification | ||||
| 3. | Details of the issuer | |||||
| a) | Name | NAHL Group plc | ||||
| b) | LEI | 213800FQN7XBX1S6U981 | ||||
| a) | Description of the financial instrument, t y pe of instrument | Options over ordinary shares of 0.25 pence each | ||||
| b) | Identification code | GB00BM7S2W63 | ||||
| c) | Nature of the transaction | Grant of options | ||||
| d) | Price(s) and volume(s) |
| ||||
| e) | Aggregated information - Volume - Price | As above | ||||
| f) | Date of the transaction | 27 October 2023 | ||||
| g) | Place of the transaction | Outside of a trading venue | ||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Mr Christopher Higham | ||||
| 2. | Reason for the notification | |||||
| a) | Positio n / status | Chief Financial Officer (Director and PDMR) | ||||
| b) | Initial notification / amendment | Initial notification | ||||
| 3. | Details of the issuer | |||||
| a) | Name | NAHL Group plc | ||||
| b) | LEI | 213800FQN7XBX1S6U981 | ||||
| a) | Description of the financial instrument, t y pe of instrument | Options over ordinary shares of 0.25 pence each | ||||
| b) | Identification code | GB00BM7S2W63 | ||||
| c) | Nature of the transaction | Grant of options | ||||
| d) | Price(s) and volume(s) |
| ||||
| e) | Aggregated information - Volume - Price | As above | ||||
| f) | Date of the transaction | 27 October 2023 | ||||
| g) | Place of the transaction | Outside of a trading venue |
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