2 May 2023
NAHL Group PLC
("NAHL" or the "Group")
Grant of Awards under Group Share Option Plan
NAHL (AIM: NAH), a leading marketing and services business focused on the UK consumer legal market, announces that on 28 April 2023, it awarded 1,146,000 options over new ordinary shares of 0.25 pence each in the Group ("Ordinary Shares") to certain employees and directors of the Group under the NAHL Group Share Option Plan. This included awards to James Saralis and Chris Higham as set out below:
| Name | Title | Number of options granted | Exercise price |
| James Saralis | Chief Executive Officer | 310,000 | £0.0025 |
| Christopher Higham | Chief Financial Officer | 210,000 | £0.0025 |
These options have been granted in line with the Group's Remuneration Policy and are in the form of nominal cost share options each exercisable at the nominal value of an Ordinary Share of 0.25p ("Restricted Share Awards") and vest after three years, subject to continued employment with the Group. In addition, although no performance related vesting criteria will apply to the Restricted Share Awards, the Remuneration Committee of the Board has discretion to amend the number of Restricted Shares Awards to be vested should the amount vesting not reflect the Remuneration Committee's assessment of overall business performance.
Following the grant of these options, James Saralis is now interested in a total of 999,313 share options in the Group and Chris Higham is now interested in a total of 511,999 share options in the Group.
Following this grant there are a total of 3,984,282 share options granted over unissued Ordinary Shares granted to directors and employees, representing 8.60% of the Group's current ordinary share capital of 46,325,222 Ordinary Shares.
The below notifications made in accordance with the requirements of the UK Market Abuse Regulation provide further detail:
| 1. | Details of PDMR / person closely associated with them ("PCA") | |||||
| a) | Name | Mr James Saralis | ||||
| 2. | Reason for the notification | |||||
| a) | Position / status | Chief Executive Officer (Director and PDMR) | ||||
| b) | Initial notification / amendment | Initial notification | ||||
| 3. | Details of the issuer | |||||
| a) | Name | NAHL Group plc | ||||
| b) | LEI | 213800FQN7XBX1S6U981
| ||||
| 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 | Options over ordinary shares of 0.25 pence each | ||||
| b) | Identification code | GB00BM7S2W63
| ||||
| c) | Nature of the transaction | Grant of options | ||||
| d) | Price(s) and volume(s) |
| ||||
| e) | Aggregated information - Volume - Price |
| ||||
| f) | Date of the transaction | 28 April 2023 | ||||
| g) | Place of the transaction | Outside of a trading venue | ||||
| 1. | Details of PDMR / person closely associated with them ("PCA") | |||||
| a) | Name | Mr Christopher Higham | ||||
| 2. | Reason for the notification | |||||
| a) | Position / status | Chief Financial Officer (PDMR) | ||||
| b) | Initial notification / amendment | Initial notification | ||||
| 3. | Details of the issuer | |||||
| a) | Name | NAHL Group plc | ||||
| b) | LEI | 213800FQN7XBX1S6U981
| ||||
| 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 | Options over ordinary shares of 0.25 pence each | ||||
| b) | Identification code | GB00BM7S2W63
| ||||
| c) | Nature of the transaction | Grant of options | ||||
| d) | Price(s) and volume(s) |
| ||||
| e) | Aggregated information - Volume - Price |
| ||||
| f) | Date of the transaction | 28 April 2023 | ||||
| g) | Place of the transaction | Outside of a trading venue | ||||
For further information:
| NAHL Group PLC James Saralis (CEO) Chris Higham (CFO)
| via FTI Consulting Tel: +44 (0) 20 3727 1000 |
| Allenby Capital (AIM Nominated Nomad & Broker) Jeremy Porter/Vivek Bhardwaj (Corporate Finance) Amrit Nahal/Stefano Aquilino (Sales & Corporate Broking)
| Tel: +44 (0) 20 3328 5656 |
| FTI Consulting (Financial PR) Alex Beagley Sam Macpherson Amy Goldup
| Tel: +44 (0) 20 3727 1000 NAHL@fticonsulting.com |
Notes to Editors
NAHL Group plc (AIM: NAH) is a leader in the Consumer Legal Services market. The Group provides services and products to individuals and businesses in the through its two divisions:
· Consumer Legal Services provides outsourced marketing services to law firms through National Accident Helpline and claims processing services to individuals through Your Law, Law Together and National Accident Law. In addition, it also provides property searches through Searches UK.
· Critical Care provides a range of specialist services in the catastrophic and serious injury market to both claimants and defendants through Bush & Co.
More information is available at www.nahlgroupplc.co.uk, www.national-accident-helpline.co.uk, www.national-accident-law.co.uk and www.bushco.co.uk.
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