RNS Number : 5785J
MS International PLC
13 December 2022
 

13 December 2022

 

MS INTERNATIONAL plc

(the "Company")

 

Exercise of options, transfer out of treasury & total voting rights

Director/PDMR Shareholding

 

The Company announces that on 9 December 2022 Michael Bell, Executive Chairman of the Company, and Michael O'Connell, Finance Director of the Company, exercised Long Term Incentive Plan ("LTIP") share options (the "Options") over, in aggregate, 250,000 ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares"). 150,000 Options were exercised by Michael Bell and 100,000 Options were exercised by Michael O'Connell.

In accordance with the rules of the LTIP, the Options were subject to a performance condition requiring the Company's share price to remain above 300 pence per share for 90 consecutive days, which was achieved on 13 November 2022.

The Company transferred 250,000 shares from treasury on 12 December 2022 in order to satisfy these exercises of Options (the "Transfer"). Following this exercise of Options, Mr Bell's beneficial interest in the Company comprises 2,990,967 Ordinary Shares, representing approximately 18.2% of the Company's issued share capital (excluding shares held in treasury). Mr O'Connell's resulting beneficial interest in the Company comprises 1,604,195 Ordinary Shares, representing approximately 9.8% of the Company's issued share capital (excluding shares held in treasury).

Following the Transfer, the Company's issued ordinary share capital will consist of 17,841,073 Ordinary Shares, each carrying one voting right, of which a total of 1,396,334 Ordinary Shares are held in treasury. Therefore, the total voting rights in the Company is 16,444,739. This figure should be used by shareholders as the denominator for the calculation by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

The notifications below, made in accordance with the requirements of the UK Market Abuse Regulation, provide further detail.

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

 

Mr Michael Bell

 

2

 

Reason for the notification

 

a)

 

Position/status

 

Executive Chairman

 

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

MS INTERNATIONAL plc

b)

 

LEI

 

213800Q34ZAXQ582YL41

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

 

Identification code

 

Ordinary shares of 10 pence each

 

 

ISIN: GB0005957005

b)

 

Nature of the transaction

 

 

Exercise of Long Term Incentive Plan Options

 

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

150,000

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

Aggregated volume: 150,000

 

Aggregated price: nil

e)

 

Date of the transaction

 

9 December 2022

f)

 

Place of the transaction

 

Off market transaction

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Mr Michael O'Connell

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

 

MS INTERNATIONAL plc

b)

 

LEI

 

213800Q34ZAXQ582YL41

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

 

Identification code

 

Ordinary shares of 10 pence each

 

 

ISIN: GB0005957005

b)

 

Nature of the transaction

 

 

Exercise of Long Term Incentive Plan Options

 

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

100,000

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

Aggregated volume: 100,000

 

Aggregated price: nil

e)

 

Date of the transaction

 

9 December 2022

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

 

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