TIDMMSI
RNS Number : 2441S
MS International PLC
02 November 2023
2 November 2023
MS INTERNATIONAL plc
(the "Company")
Grant of options and awards
Director/PDMR Shareholding
The Company announces that on 31 October 2023, it granted
options over a total of 117,900 ordinary shares of 10 pence each in
the capital of the Company ("Ordinary Shares") to certain directors
and employees pursuant to the Company Share Option Plan ("CSOP").
The Company also announces that on the same day, it granted phantom
awards over 100,000 notional shares to Roger Lane-Smith,
Non-Executive Director of the Company.
Grants under the CSOP
Options over 117,900 Ordinary Shares (the "Options") have been
granted under the CSOP, exerciseable at a price of 720p, being the
share price at the time of grant. The Options will vest as to one
third on each of the third, fourth and fifth anniversaries of the
award date. Vested options will expire if they have not been
exercised after ten years from the date of grant.
Details of the grants of options over Ordinary Shares to persons
discharging managerial responsibilities are set out in the table
below.
Name and position Number of CSOP options
granted
Michael Bell, Executive Chairman 4,150
-----------------------
Michael O'Connell, Finance Director 4,150
-----------------------
Nicholas Bell, Executive Director 4,150
-----------------------
David Hansell, Non-executive Director 4,150
-----------------------
As noted in the Company's 2023 annual report, in addition to his
role as a Non-executive Director, David Hansell provides commercial
and leadership services to the Company's Defence division.
Accordingly, CSOP options have been granted to him to reflect his
contribution to the future development of this division.
Following the grants, options over 1,072,693 Ordinary Shares
will be in issue, representing approximately 6.6% of the Company's
issued share capital (excluding Ordinary Shares held in
treasury).
Grant of phantom award
The Company has granted a phantom award in respect of 100,000
notional shares, exercisable at nil value, to Roger Lane-Smith to
reflect his significant contribution to the Board, and the
Company's progess and international development, and in order to
retain and incentivise future service to the Company (the "Phantom
Award"). The Phantom Award will be cash-settled in reference to the
share price on the date of exercise. The vesting of the phantom
award is subject to continued service and will only vest in the
event of a future change of control of the Company. The Phantom
Awards will lapse if they have not vested within 10 years of
grant.
Related Party Transaction
The grant of the Phantom Award to Roger Lane-Smith, as a
director of the Company, constitutes a related party transaction
pursuant to Rule 13 of the AIM Rules for Companies. The Company's
directors who are independent of the related party transaction
(being all of the directors other than Roger Lane-Smith) consider,
having consulted with the Company's Nominated Adviser, Shore
Capital, that the terms of the related party transaction are fair
and reasonable insofar as the shareholders of the Company are
concerned.
The notifications below, made in accordance with the
requirements of the UK Market Abuse Regulation, provide further
details.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Mr Michael Bell
---------------------------- -------------------------------------
Reason for the notification
2
-------------------------------------------------------------------
a) Position/status Executive Chairman
---------------------------- -------------------------------------
b) Initial notification Initial notification
/Amendment
---------------------------- -------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name MS INTERNATIONAL plc
---------------------------- -------------------------------------
b) LEI 213800Q34ZAXQ582YL41
---------------------------- -------------------------------------
Details of the transaction(s): section to be repeated
4 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 Options over ordinary shares of 10
financial instrument, pence each
type of instrument
ISIN: GB0005957005
Identification code
---------------------------- -------------------------------------
b) Nature of the transaction Grant of CSOP options
---------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 4,150
----------
---------------------------- -------------------------------------
d) Aggregated information
- Aggregated volume Aggregated volume: N/A
- Price Aggregated price: N/A
---------------------------- -------------------------------------
e) Date of the transaction 31 October 2023
---------------------------- -------------------------------------
f) Place of the transaction Off market transaction
---------------------------- -------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Mr Michael O'Connell
---------------------------- -------------------------------------
Reason for the notification
2
-------------------------------------------------------------------
a) Position/status Finance Director
---------------------------- -------------------------------------
b) Initial notification Initial notification
/Amendment
---------------------------- -------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name MS INTERNATIONAL plc
---------------------------- -------------------------------------
b) LEI 213800Q34ZAXQ582YL41
---------------------------- -------------------------------------
Details of the transaction(s): section to be repeated
4 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 Options over ordinary shares of 10
financial instrument, pence each
type of instrument
ISIN: GB0005957005
Identification code
---------------------------- -------------------------------------
b) Nature of the transaction Grant of CSOP options
---------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 4,150
----------
---------------------------- -------------------------------------
d) Aggregated information
- Aggregated volume Aggregated volume: N/A
- Price Aggregated price: N/A
---------------------------- -------------------------------------
e) Date of the transaction 31 October 2023
---------------------------- -------------------------------------
f) Place of the transaction Off market transaction
---------------------------- -------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Mr Nicholas Bell
---------------------------- -------------------------------------
Reason for the notification
2
-------------------------------------------------------------------
a) Position/status Executive Director
---------------------------- -------------------------------------
b) Initial notification Initial notification
/Amendment
---------------------------- -------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name MS INTERNATIONAL plc
---------------------------- -------------------------------------
b) LEI 213800Q34ZAXQ582YL41
---------------------------- -------------------------------------
Details of the transaction(s): section to be repeated
4 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 Options over ordinary shares of 10
financial instrument, pence each
type of instrument
ISIN: GB0005957005
Identification code
---------------------------- -------------------------------------
b) Nature of the transaction Grant of CSOP options
---------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 4,150
----------
---------------------------- -------------------------------------
d) Aggregated information
- Aggregated volume Aggregated volume: N/A
- Price Aggregated price: N/A
---------------------------- -------------------------------------
e) Date of the transaction 31 October 2023
---------------------------- -------------------------------------
f) Place of the transaction Off market transaction
---------------------------- -------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Mr David Hansell
---------------------------- -------------------------------------
Reason for the notification
2
-------------------------------------------------------------------
a) Position/status Non-executive Director
---------------------------- -------------------------------------
b) Initial notification Initial notification
/Amendment
---------------------------- -------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name MS INTERNATIONAL plc
---------------------------- -------------------------------------
b) LEI 213800Q34ZAXQ582YL41
---------------------------- -------------------------------------
Details of the transaction(s): section to be repeated
4 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 Options over ordinary shares of 10
financial instrument, pence each
type of instrument
ISIN: GB0005957005
Identification code
---------------------------- -------------------------------------
b) Nature of the transaction Grant of CSOP options
---------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 4,150
----------
---------------------------- -------------------------------------
d) Aggregated information
- Aggregated volume Aggregated volume: N/A
- Price Aggregated price: N/A
---------------------------- -------------------------------------
e) Date of the transaction 31 October 2023
---------------------------- -------------------------------------
f) Place of the transaction Off market transaction
---------------------------- -------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Mr Roger Lane-Smith
---------------------------- -------------------------------------
Reason for the notification
2
-------------------------------------------------------------------
a) Position/status Non-executive Director
---------------------------- -------------------------------------
b) Initial notification Initial notification
/Amendment
---------------------------- -------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name MS INTERNATIONAL plc
---------------------------- -------------------------------------
b) LEI 213800Q34ZAXQ582YL41
---------------------------- -------------------------------------
Details of the transaction(s): section to be repeated
4 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 Phantom award over notional shares
financial instrument, (right to cash equivalent value of
type of instrument Ordinary Shares)
Identification code ISIN: GB0005957005
---------------------------- -------------------------------------
b) Nature of the transaction Grant of phantom award
---------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 100,000
----------
---------------------------- -------------------------------------
d) Aggregated information
- Aggregated volume Aggregated volume: N/A
- Price Aggregated price: N/A
---------------------------- -------------------------------------
e) Date of the transaction 31 October 2023
---------------------------- -------------------------------------
f) Place of the transaction Off market transaction
---------------------------- -------------------------------------
For further information please contact:
MS INTERNATIONAL plc Tel : +44 (0)13 0232 2133
Michael Bell
Shore Capital
Nomad and Broker Tel: +44 (0)20 7408 4090
Patrick Castle/Daniel Bush/Lucy Bowden
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END
MSCBLBDBDGGDGXD
(END) Dow Jones Newswires
November 02, 2023 12:06 ET (16:06 GMT)
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