Marlowe PLC Grant of Share Options (4446S)
08 Julio 2020 - 10:03AM
UK Regulatory
TIDMMRL
RNS Number : 4446S
Marlowe PLC
08 July 2020
8 July 2020
Marlowe plc
Grant of Share Options
Marlowe plc ("Marlowe" or the "Group"), the specialist services
group focused on developing companies which assure safety and
regulatory compliance, announces that the Group has today granted
share options over a total of 89,780 ordinary shares of 50 pence
each in Marlowe (the "New Share Options").
The New Share Options have been awarded pursuant to the Group's
Long Term Incentive Plan, to drive and reward the achievement of
the Group's longer-term objectives and to support retention. 63,380
of the New Share Options have been granted to Alex Dacre, Chief
Executive, and 26,400 of the New Share Options have been granted to
Mark Adams, Group Finance Director. The New Share Options will
vest, in whole or in part, on 1 April 2023 (or upon a change of
control) subject to the following performance conditions having
been met over the preceding three-year period:
Compound Annual Vesting
Total Shareholder Return
Less than 5% 0%
---------------------------
More than 15% 100%
---------------------------
Between 5% and 15% 0%-100% on a straight-line
basis
---------------------------
Unless special circumstances apply, the New Share Options will
normally lapse immediately on cessation of employment. Upon
vesting, the New Share Options will be exercisable at a price of 50
pence per ordinary at any time prior to expiry on 31 March
2030.
The notifications below, made in accordance with the
requirements of the EU Market Abuse Regulation, provide further
details.
For further information:
Marlowe plc www.marloweplc.com
Alex Dacre, Chief Executive Tel: +44 (0) 203 841
6194
Mark Adams, Group Finance Director IR@marloweplc.com
Cenkos Securities plc (Nominated Adviser & Joint Broker)
Nicholas Wells Tel: +44 (0)20 7397
8900
Ben Jeynes
Harry Hargreaves
Joh. Berenberg, Gossler & Co. KG, London Branch (Joint Broker)
Ben Wright Tel: +44 (0)20 3207
7800
Mark Whitmore
FTI Consulting
Nick Hasell Tel: +44 (0)20 3727
1340
Alex Le May
About Marlowe plc
Marlowe is a UK leader in specialist services which assure
safety and regulatory compliance, whilst managing risk for
businesses across the country. The company was formed to create
sustainable shareholder value through the acquisition and
development of businesses that provide regulated inspection,
testing and compliance services. It is focused on health &
safety, employment law compliance, fire safety, security, water
treatment & hygiene, air quality and occupational health
services - all of which are vital to the wellbeing of its customers
operations and are invariably governed by regulation. Marlowe
currently provides services to over 15% of Britain's commercial
premises and is increasingly attractive to customers who require a
single outsourced, nationwide, provider of a comprehensive range of
regulated compliance and safety services. Our customers can be
found in most office complexes, high streets & leisure
facilities, manufacturing plants and industrial estates, and
include SMEs, local authorities, facilities management providers,
multi-site NHS trusts and FTSE 100 companies.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Alex Dacre
-------------------------------------- --------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------
a) Position/status Chief Executive
-------------------------------------- --------------------------------------
b) Initial notification/Amendment Initial Notification
-------------------------------------- --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------
a) Name Marlowe plc
-------------------------------------- --------------------------------------
b) LEI 213800ZWSR4SBOM6B608
-------------------------------------- --------------------------------------
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 Ordinary shares of 50 pence
instrument, type of instrument each
-------------------------------------- --------------------------------------
Identification code GB00BD8SLV43
-------------------------------------- --------------------------------------
b) Nature of the transaction Grant of new options over ordinary
shares
-------------------------------------- --------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
-------------------------------------- ----------------------- -------------
Exercise price
- GBP0.50 per
option 63,380
------------------------------------------------------------------- -------------
d) Aggregated information N/A single transaction
-------------------------------------- --------------------------------------
Aggregated volume N/A single transaction
-------------------------------------- -------------------------------------------
Price N/A single transaction
-------------------------------------- -------------------------------------------
e) Date of the transaction 8 July 2020
-------------------------------------- --------------------------------------
f) Place of the transaction Outside of a trading venue
(XOFF)
-------------------------------------- --------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Mark Adams
-------------------------------------- --------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------
a) Position/status Finance Director
-------------------------------------- --------------------------------------
b) Initial notification/Amendment Initial Notification
-------------------------------------- --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------
a) Name Marlowe plc
-------------------------------------- --------------------------------------
b) LEI 213800ZWSR4SBOM6B608
-------------------------------------- --------------------------------------
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 Ordinary shares of 50 pence
instrument, type of instrument each
-------------------------------------- --------------------------------------
Identification code GB00BD8SLV43
-------------------------------------- --------------------------------------
b) Nature of the transaction Grant of new options over ordinary
shares
-------------------------------------- --------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
-------------------------------------- ----------------------- -------------
Exercise price
- GBP0.50 per
option 26,400
------------------------------------------------------------------- -------------
d) Aggregated information N/A single transaction
-------------------------------------- --------------------------------------
Aggregated volume N/A single transaction
-------------------------------------- -------------------------------------------
Price N/A single transaction
-------------------------------------- -------------------------------------------
e) Date of the transaction 8 July 2020
-------------------------------------- --------------------------------------
f) Place of the transaction Outside of a trading venue
(XOFF)
-------------------------------------- --------------------------------------
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END
DSHSSFFIAESSESW
(END) Dow Jones Newswires
July 08, 2020 11:03 ET (15:03 GMT)
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