Business
Grant of options
Grant of options.
About this update from Mortgage Advice Bureau (holdings) Plc
[{"type":"text","content":"\n \nRNS Number : 2863X Mortgage Advice Bureau(Holdings)PLC 04 May 2016 \n\nMortgage Advice Bureau (Holdings) plc (\"MAB\" or the \"Company\")\n4 May 2016\nGrant of options\nFurther to the announcement made in connection with the placing of existing ordinary shares on 27 April 2016, Mortgage Advice Bureau (Holdings) plc (AIM: MAB1.L) announces that a total of 771,480 options over ordinary shares of 0.1 pence each in the Company (\"Ordinary Shares\") (the \"Options\") have been granted today 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 be exercisable in three years' time. The exercise price for the Options is 357.75 pence, being the average of the last three business days' closing price for the Ordinary Shares. \n\n\n\n\nExecutive Director\n\n\nGrant of options 4th May 2016\n\n\nTotal number of options post 4th May 2016 grant of options\n\n\n% of Issued Share Capital\n\n\n\n\nPeter Brodnicki\n\n\n173,305\n\n\n498,305\n\n\n1.0%\n\n\n\n\nDavid Preece\n\n\n142,557\n\n\n417,557\n\n\n0.8%\n\n\n\n\nLucy Tilley\n\n\n106,218\n\n\n181,560\n\n\n0.4%\n\n\n\n\n \nSenior executives of MAB have today been granted options over a total of 349,400 Ordinary Shares.\nUnder the Mortgage Advice Bureau Executive Share Option Plan, the total number of Ordinary Shares now under option is 2,109,322, representing 4.2% of the Company's issued share capital. This excludes the 255,000 options over Ordinary Shares in the Company granted to MAB's Appointed Representatives in May 2015.\nEnquiries:\nMortgage Advice Bureau (Holdings) plc +44 (0)1332 525007\nPeter Brodnicki, Chief Executive Officer\nDavid Preece, Chief Operating Officer\nLucy Tilley, Finance Director\n \n\n\n\n\nNominated Adviser and Joint Broker:\n\n\n\n\nZeus Capital  ...