Malvern International PLC Appointment of CDO & Grant of EMI Options (4545T)
15 Noviembre 2023 - 1:00AM
UK Regulatory
TIDMMLVN
RNS Number : 4545T
Malvern International PLC
15 November 2023
15 November 2023
MALVERN INTERNATIONAL PLC
("Malvern" or the "Company")
Appointment of Chief Development Officer and Grant of EMI
Options
Malvern International plc (AIM: MLVN), the global learning and
skills development partner, is pleased to announce the non-board
appointment of Stephen Harvey as Chief Development Officer with
responsibility for growing its global network of University and
Higher Education partnerships. The Company also announces the grant
of options to certain employees, pursuant to the Company's EMI
share option scheme (the "EMI Options").
Stephen Harvey has 40 years' experience in the global education
sector. He has held a number of senior positions across policy,
governance and teaching including: Non-Executive Director at Sannam
S4; Founder and Global Managing Director of Cambridge Education
Group's ONCAMPUS Higher Education Pathways Division; Head of Higher
Education Advisory Services at KPMG UK; Project Manager, UK
Government Department for Education Strategy & Innovation Unit;
and UK Managing Director of Study Group. Steve is currently a
Trustee of Cumberland Lodge.
Steve has also held the positions of: joint Director of a
University Business School; Principal Lecturer, Head of Department
in Accounting & Finance; and Director of the International
Office at two UK Universities.
Richard Mace, Chief Executive Officer, said: "I am extremely
pleased to welcome Stephen to Malvern. As a leading authority in
our industry, Steve's extensive experience and network will be
invaluable to next stage of Malvern's development as we look to
expand our university partnerships."
Stephen Harvey, Chief Development Officer, said: "I am delighted
and honoured to be joining Malvern at such an exciting time it its
development - we are looking forward to building upon our
considerable achievements to date. As the new Chief Development
Officer, I am committed to fostering high academic quality,
innovation and growth - turning our considerable opportunities into
realities - and working with our growing world-class team to
deliver sector-leading outcomes in partnership with the world's
leading Universities."
Grant of EMI Options
The Company has granted 287 , 500 EMI Options to certain
employees pursuant to the Company's EMI share option scheme.
100,000 of these EMI Options are being awarded to Stephen Harvey as
part of his service agreement and incentive plan.
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 115 pence and the
remaining half will vest when the mid-market share price of the
Company reaches 15 0 pence. The exercise price of the new EMI
Options is 23.5 pence each, being the closing mid-market price on
14 November 2023.
For further information please
contact:
Malvern International Plc www.malverninternational.com
Mark Elliott - Chairman Via our website
Richard Mace - Chief Executive
Officer
WH Ireland (NOMAD & Broker) www.whirelandcb.com
Mike Coe / Sarah Mather 0207 220 1666
Notes to Editors:
Malvern International is a learning and language skills
development partner, offering international students essential
academic and English language skills, cultural experiences and the
support they need to thrive in their academic studies, daily life
and career development.
University Pathways - on and off-campus university pathway
programmes helping students progress to a range of universities, as
well as in-sessional and pre-sessional courses.
Malvern House Schools - British Council accredited English
Language Training at English UK registered schools in London,
Brighton and Manchester.
Juniors and summer camps - fully-immersive summer residential
English language camps and bespoke group programmes for 13 to 18
year olds.
For further investor information go to
www.malverninternational.com
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Stephen Harvey
---------------------------- --------------------------------------
Reason for the notification
2
--------------------------------------------------------------------
a) Position/status PDMR
---------------------------- --------------------------------------
b) Initial notification Initial Notification
/Amendment
---------------------------- --------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name Malvern International plc
---------------------------- --------------------------------------
b) LEI 213800VWAV2HXY1OUT29
---------------------------- --------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Ordinary Shares of 1p each
financial instrument,
type of instrument
Identification code GB00BNBVJZ07
b) Nature of the transaction Grant of Options
---------------------------- --------------------------------------
c) Price(s) and volume(s)
Price(s) Volume(s)
Grant of
Options 23.5p 100,000
--------- ----------
d) Aggregated information
- Aggregated volume 100,000
GBP23,500
- Price
e) Date of the transaction 14 November 2023
---------------------------- --------------------------------------
f) Place of the transaction Outside a trading venue
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END
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