Business
Issue of Equity from Exercise of Share Options
Issue of Equity from Exercise of Share Options.
About this update from Nahl Group Plc
[{"type":"text","content":"\n\n19 May 2023\nNAHL Group PLC\n(\"NAHL\" or the \"Group\")\n \nIssue of Equity from Exercise of Share Options\nDirector/PDMR Shareholding\n \nNAHL (AIM: NAH), a leading UK marketing and services business focused on the consumer legal market, today announces the issue and allotment of 473,121 new ordinary shares of £0.0025 each in the Group (\"Ordinary Shares\") pursuant to the exercise of certain share options. As part of this exercise, James Saralis (Group Chief Executive) and Chris Higham (Group Chief Financial Officer) exercised 194,656 and 46,000 share options respectively. These share options were granted on 23 April 2021 and with an exercise price of £0.0025 pence per share. \n \nFollowing the above exercise of 473,121 share options, their respective interests in the Group's enlarged issued share capital is as follows:\n \n\n\n\n\n\n\nNumber of Ordinary Shares\n\n\n% interest in NAHL\n\n\n\n\nJames Saralis\n\n\n239,837\n\n\n0.51\n\n\n\n\nChris Higham\n\n\n202,434\n\n\n0.43\n\n\n\n \nApplication will be made for the 473,121 new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence at 8.00 a.m. on or around 25 May 2023 (\"Admission\"). The New Ordinary Shares will rank pari passu with the existing ordinary shares of the Group.\n \nTotal voting rights\n \nFollowing the exercise of options and Admission, the issued share capital of the Group will consist of 46,798,343 Ordinary Shares, none of which are held in treasury. Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the issued share capital of the Group under the FCA's Disclosure and Transparency Rules.\n \nThe following notification, made in accordance with the requirements of the UK Market Abuse Regulation, gives further details. \n \n\n\n\n1\n\n\nDetails of the person discharging managerial responsibilities / person closely associated\n\n\n\n\na)\n\n\nName\n\n\nMr James Saralis\n\n\n\n\n2\n\n\nReason for the notification\n\n\n\n\na)\n\n\nPosition/status\n\n\nChief Executive Officer (Director and PDMR)\n\n\n\n\nb) \n\n\nInitial notification /Amendment\n\n\nInitial notification\n\n\n\n\n3 \n\n\nDetails of the issuer, emission allowa...