RNS Number : 6224R
NAHL Group PLC
30 October 2023
 

 

30 October 2023

NAHL Group PLC

("NAHL", the "Company" or the "Group")

 

Grant of options under SAYE Scheme

 

NAHL (AIM: NAH), a leading marketing and services business focused on the UK consumer legal market, announces that on 27 October 2023, it granted 463,736 options over new ordinary shares of 0.25 pence each ("Ordinary Shares") to certain employees and directors of the Group under the NAHL Save As You Earn scheme ("SAYE Scheme").

 

Participation in the SAYE Scheme has been made available to all employees of the Company who satisfy certain eligibility criteria, giving them the opportunity to participate in the future growth of the Company via options granted under the NAHL Group Share Option Plan.  The following directors and persons discharging managerial responsibility ("PDMRs") of the Company have elected to participate in the SAYE Scheme and their options are included in the total figures above. 

 

 

Name

Title

Number of options granted

Exercise price

James Saralis

Chief Executive Officer

41,222

£0.45

Christopher Higham

Chief Financial Officer

41,222

£0.45

 

The options vest after three years, subject to continued employment with the Group, and are exercisable at a price of £0.45 per share, representing a discount of 20 per cent to the closing mid-market price of the Ordinary Shares on 6 October 2023, calculated in accordance with the rules of the SAYE Scheme.

 

Following the grant of these options, James Saralis is now interested in a total of 845,970 share options in the Company and Chris Higham is now interested in a total of 507,221 share options in the Company. 

 

Following this grant there are a total of 3,719,543 share options granted over unissued Ordinary Shares granted to directors and employees, representing 7.9% of the Company's current ordinary share capital of 46,894,697 Ordinary Shares.

 

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 Adviser & Broker)

Jeremy Porter/Liz Kirchner/Vivek Bhardwaj (Corporate Finance)

Amrit Nahal/Stefano Aquilino (Sales & Corporate Broking)

 

Tel: +44 (0207 220 0500

FTI Consulting (Financial PR)

Alex Beagley

Sam Macpherson

Amy Goldup

 

Tel: +44 (0) 20 3727 1000

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 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 National Accident Law, Law Together and Your 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.ukwww.national-accident-helpline.co.uk, www.national-accident-law.co.uk and www.bushco.co.uk.

 

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

1.

Details of the person discharging managerial responsibilities / person closely associated

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)

 

Price

Volume

£0.45

41,222

e)

Aggregated information

-     Volume

-     Price


As above

f)

Date of the transaction

27 October 2023

g)

Place of the transaction

Outside of a trading venue

 

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Mr Christopher Higham

2.

Reason for the notification

a)

Position / status

Chief Financial 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)

 

Price

Volume

£0.45

41,222

e)

Aggregated information

-     Volume

-     Price


As above

f)

Date of the transaction

27 October 2023

g)

Place of the transaction

Outside of a trading venue

 

 

 

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