Grant of EMI Share Options
Malvern International plc (AIM: MLVN), the global learning and skills development partner, announces that the Company is granting options to a director and certain employees over 102,750,000 ordinary shares of 0.1 pence each in the capital of the Company, pursuant to the Company’s EMI share option scheme (the “EMI Options”). The EMI Options being granted represent 8.5 per cent. of the existing issued share capital of the Company.
The EMI Options will vest after three years once defined share price levels have been attained for 40 consecutive business days. Half of the individual EMI options awards will vest when the mid-market share price of the Company reaches 0.5 pence and the remaining half will vest when the mid-market share price of the Company reaches 0.9 pence.
The exercise price of the EMI Options is 0.15 pence each.
Of the total EMI Options granted, 29,500,000 EMI Options have been granted to Richard Mace, Chief Executive Officer of the Company.
The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.