SAYE Option Plan & Director Holding

About this update from Norman Broadbent Plc

   30 June 2023   Norman Broadbent plc ("Norman Broadbent" or the "Company")    Establishment of SAYE Option Plan, Grant of Options and Director/PDMR Shareholding     Norman Broadbent (AIM: NBB), a leading London quoted Executive Search and Interim Management firm offering a diversified portfolio of integrated Leadership Acquisition & Advisory Services, announces that it has granted options over its ordinary shares of 1p each (" Shares ") (" Options ") to certain employees under its newly established, tax advantaged SAYE Option Plan (the " SAYE Plan "). All individuals (including both of the Company's executive Directors) who were employed by the Group as at 12 June 2023 (the " Eligible Employees ") were invited to apply for the grant of Options over Shares with an exercise price of £0.05 per Share, which represents a 20 per cent. discount to the closing middle market price of a Share on 12 June 2023 (being the dealing day before the invitation for Eligible Employees to participate was issued). The Options have a contract start date of 1 August 2023 and will normally be exercisable between 3 August 2026 and 1 February 2027.  A total of 26 Eligible Employees elected to participate in the SAYE Plan and, pursuant to these elections, Options over a total of 4,500,000 Shares have been granted representing approximately 7 per cent. of the Company's issued share capital.  Included within this total are Options granted to both of the Company's executive Directors and one person discharging managerial responsibility (" PDMR ") as follows:   Name Director/PDMR No. of Shares over which Options granted Kevin Davidson Chief Executive Officer 360,000 Mehr Malik Chief Financial Officer 180,000 Sean Bergin Chief Operating Officer (PDMR) 216,000   The following notifications are intended to satisfy the Company's obligations under Article 19(3) of EU Regulation No 596/2014 (the Market Abuse Regulation).   1 Details of the person discharging managerial responsibilities/person closely associated a) Name 1.   Kevin Davidson 2.   Mehr Malik 3.   Sean Bergin 2 Reason for the notification a) Position/status 1.   Chief Executive Officer 2.   Chief Financial Officer 3.   Chief Operating Officer b) Initial notification/ Amendment Initial Notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Norman Broadbent plc b) LEI 213800E5YN5TA934XA23 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 of the financial instrument, type of instrument Ordinary shares of 5 p each (" Shares ") Identification code GB00B3VF4Y66 b) Nature of the transaction Grant of options over Shares pursuant to the Norman Broadbent plc SAYE Option Plan c) Price(s) and volume(s)   Price(s) Volume(s) 1. £0.05 (exercise price) 756,000 2. d) Aggregated information -   Aggregated volume -   Price   1.   N/A single transaction 2.   N/A single transaction e) Date of the transaction 29.06.23 f) Place of the transaction London Stock Exchange         For further Information, please contact: Norman Broadbent plc                                                                                    020 7484 0000 Kevin Davidson, CEO Mehr Malik, CFO Shore Capital ( Nominated Adviser and Broker)                                        020 7408 4090 Tom Griffiths / Tom Knibbs (Corporate Advisory) Henry Willcocks (Corporate Broking)

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