Maintel Holdings Plc ("Maintel" or "the Company")
Grant and Surrender of Options
Grant of New Options
The Company announces that on 28 April 2023, 525,000 options (the "New Options") were granted over ordinary shares of 1 pence each in Maintel ("Ordinary Shares") to certain Directors and other employees, in accordance with the rules of the Company's 2015 Long-Term Incentive Plan ("LTIP"), incorporating the CSOP as a schedule.
| Name | Scheme | Number of Ordinary Shares over which New Options granted | Exercise Price
| Resultant number of options over Ordinary Shares |
| Carol Thompson | CSOP LTIP | 52,173 147,827 | £1.15 £1.15 | 200,000 |
| Dan Davies | CSOP LTIP | 52,173 47,827 | £1.15 £1.15 | 100,000 |
| Gabriel Pirona | CSOP LTIP | 52,173 72,827 | £1.15 £1.15 | 125,000 |
The table below sets out all grants made under the LTIP to Directors:
The awards were made as market value priced options and the exercise price was determined by reference to the previous dealing day's closing middle market price. The awards are subject to the recipients' continuous employment. The awards are not subject to the achievement of performance conditions. The normal date of vesting for these options will be the third anniversary of the grant and the last date for exercise will be tenth anniversary of the grant.
Surrender of Existing Options
The Company also announces that on 28 April 2023, Dan Davies and Gabriel Pirona have surrendered, for no consideration, the following options over Ordinary Shares (the "Surrendered Options") that were previously granted to them pursuant to the terms of the LTIP.
| Name | Scheme | Number of Ordinary Shares over which Surrendered Options subsisted | Exercise Price
| Date of grant of Surrendered Options |
| Dan Davies | CSOP CSOP LTIP LTIP LTIP LTIP | 2,000 3,267 9,733 10,000 50,000 70,000 | £6.75 £5.05 £5.05 £2.74 £2.21 £3.35 | 12/04/2018 26/04/2019 26/04/2019 17/01/2020 17/09/2020 05/04/2022 |
| Gabriel Pirona | CSOP LTIP | 9,090 40,910 | £3.30 £3.30 | 05/05/2022 05/05/2022 |
For further information please contact:
| | |
| Maintel Holdings Plc | |
| Carol Thompson, Executive Chair Gab Pirona, Chief Financial Officer Dan Davies, Chief Technology Officer | 0344 871 1122 |
| | |
| finnCap (Nomad and Broker) | |
| Jonny Franklin-Adams / Emily Watts / Fergus Sullivan (Corporate Finance) Sunila de Silva (Corporate Broking) | 020 7220 0500
|
The Notification of Dealing Form set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.
| 1. | Details of the person discharging managerial responsibilities/person closely associated | ||||
| a) | Name: | Carol Thompson | |||
| 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: | Maintel Holdings Plc | |||
| b) | LEI: | 2138008TDMNV6ODDI497 | |||
| 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 1p each
GB00B046YG73 | |||
| b) | Nature of the transaction: | Grant of options over Ordinary Shares under the Company's 2015 Long-Term Incentive Plan | |||
| c) | Price(s) and volume(s): | | |||
| | Price(s) | Volume(s) | | ||
| £1.15 £1.15 | 52,173 147,827 | | |||
| d) | Aggregated information:
Aggregated volume:
Price: | | |||
| | Price(s) | Volume(s) | | ||
| £1.15 | 200,000 | | |||
| e) | Date of the transaction: | 28 April 2023 | |||
| f) | Place of the transaction: | Off market transaction | |||
| 1. | Details of the person discharging managerial responsibilities/person closely associated | ||||
| a) | Name: | Dan Davies | |||
| 2. | Reason for the notification | ||||
| a) | Position/status: | Chief Technology Officer | |||
| b) | Initial notification/Amendment: | Initial notification | |||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name: | Maintel Holdings Plc | |||
| b) | LEI: | 2138008TDMNV6ODDI497 | |||
| 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 1p each
GB00B046YG73 | |||
| b) | Nature of the transaction: | Grant of options over Ordinary Shares under the Company's 2015 Long-Term Incentive Plan | |||
| c) | Price(s) and volume(s): | | |||
| | Price(s) | Volume(s) | | ||
| £1.15 £1.15 | 52,173 47,827 | | |||
| d) | Aggregated information:
Aggregated volume:
Price: | | |||
| | Price(s) | Volume(s) | | ||
| £1.15 | 100,000 | | |||
| e) | Date of the transaction: | 28 April 2023 | |||
| f) | Place of the transaction: | Off market transaction | |||
| 1. | Details of the person discharging managerial responsibilities/person closely associated | ||||
| a) | Name: | Gabriel Pirona | |||
| 2. | Reason for the notification | ||||
| a) | Position/status: | Chief Financial Officer | |||
| b) | Initial notification/Amendment: | Initial notification | |||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name: | Maintel Holdings Plc | |||
| b) | LEI: | 2138008TDMNV6ODDI497 | |||
| 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 1p each
GB00B046YG73 | |||
| b) | Nature of the transaction: | Grant of options over Ordinary Shares under the Company's 2015 Long-Term Incentive Plan | |||
| c) | Price(s) and volume(s): | | |||
| | Price(s) | Volume(s) | | ||
| £1.15 £1.15 | 52,173 72,827 | | |||
| d) | Aggregated information:
Aggregated volume:
Price: | | |||
| | Price(s) | Volume(s) | | ||
| £1.15 | 125,000 | | |||
| e) | Date of the transaction: | 28 April 2023 | |||
| f) | Place of the transaction: | Off market transaction | |||
| 1. | Details of the person discharging managerial responsibilities/person closely associated | ||||
| a) | Name: | Gabriel Pirona | |||
| 2. | Reason for the notification | ||||
| a) | Position/status: | Chief Financial Officer | |||
| b) | Initial notification/Amendment: | Initial notification | |||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name: | Maintel Holdings Plc | |||
| b) | LEI: | 2138008TDMNV6ODDI497 | |||
| 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 1p each
GB00B046YG73 | |||
| b) | Nature of the transaction: | Surrender of options granted pursuant to the Company's 2015 Long-Term Incentive Plan | |||
| c) | Price(s) and volume(s): | | |||
| | Price(s) | Volume(s) | | ||
| Nil | 9,090 | | |||
| Nil | 40,910 | | |||
| d) | Aggregated information:
Aggregated volume:
Price: | | |||
| | Price(s) | Volume(s) | | ||
| Nil | 50,000 | | |||
| e) | Date of the transaction: | 28 April 2023 | |||
| f) | Place of the transaction: | Off market transaction | |||
| 1. | Details of the person discharging managerial responsibilities/person closely associated | ||||
| a) | Name: | Daniel Davies | |||
| 2. | Reason for the notification | ||||
| a) | Position/status: | Chief Technology Officer | |||
| b) | Initial notification/Amendment: | Initial notification | |||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name: | Maintel Holdings Plc | |||
| b) | LEI: | 2138008TDMNV6ODDI497 | |||
| 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 1p each
GB00B046YG73 | |||
| b) | Nature of the transaction: | Surrender of options granted pursuant to the Company's 2015 Long-Term Incentive Plan | |||
| c) | Price(s) and volume(s): | | |||
| | Price(s) | Volume(s) | | ||
| Nil | 2,000 | | |||
| Nil | 3,267 | | |||
| Nil | 9,733 | | |||
| Nil | 10,000 | | |||
| Nil | 50,000 | | |||
| Nil | 70,000 | | |||
| d) | Aggregated information:
Aggregated volume:
Price: | | |||
| | Price(s) | Volume(s) | | ||
| Nil | 145,000 | | |||
| e) | Date of the transaction: | 28 April 2023 | |||
| f) | Place of the transaction: | Off market transaction | |||
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