MORTGAGE ADVICE BUREAU (HOLDINGS) PLC

Director's Dealing • Apr 6, 2018

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RNS Number : 0396K

Mortgage Advice Bureau(Holdings)PLC

06 April 2018

Mortgage Advice Bureau (Holdings) plc ("MAB" or the "Company")

6 April 2018

Exercise of Options and Sale of Ordinary Shares and

Director / PDMR Shareholding

Mortgage Advice Bureau (Holdings) plc (AIM: MAB1.L), announces that options to subscribe for 318,363 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares" and the "Options") have today been exercised by certain employees, including certain Directors and persons discharging managerial responsibilities. The Options were issued pursuant to the Mortgage Advice Bureau Executive Share Option Plan, under the Company's existing block listing. Following the exercise of Options, certain employees, including certain Directors and persons discharging managerial responsibilities, have sold Ordinary Shares.  The details of the exercise of Options and sale of Ordinary Shares by certain Directors and persons discharging managerial responsibilities are set out below.

	Initial holding (1)		Options exercised(2)	Ordinary Shares sold(3)	Resultant holding(1)
Director	Number of Ordinary Shares	Percentage of issued share capital			Number of Ordinary Shares	Percentage of issued share capital
Peter Brodnicki(4)	14,192,160	27.94	81,250	162,500	14,110,910	27.61
David Preece(5)	1,563,862	3.08	68,749	107,811	1,524,800	2.98
Lucy Tilley(6)	16,062	0.03	18,836	18,836	16,062	0.03

(1)           Including those shares held by members of the shareholder's family as defined in the AIM Rules for Companies and those held in the Company's Share Incentive Plan.

(2)           Pursuant to the Mortgage Advice Bureau Executive Share Option Plan.

(3)           By the Director and/or his/her connected persons.  In the case of Peter Brodnicki and David Preece they have also sold ordinary shares arising from options exercised on 12 April 2017 that were not sold on that same date.

(4)           Peter Brodnicki also holds options over 484,355 Ordinary Shares.

(5)           David Preece also holds options over 353,405 Ordinary Shares.

(6)           Lucy Tilley also holds options over 239,053 Ordinary Shares.

Donna Brenchley, Commercial Director, a person discharging managerial responsibilities, has exercised 19,531 Options and has gifted for nil consideration 2,500 Ordinary Shares to her husband. Donna Brenchley and her connected persons subsequently sold 71,531 Ordinary Shares.

Katherine Innes Ker, Chairman, today sold 3,265 Ordinary Shares of 0.1p each in the Company from her trading account at a price of 622.0 pence per share and her personal ISA in the same name has purchased 3,190 Ordinary Shares at a price of 623.0 pence per share. Katherine Innes Ker's resultant beneficial interest in the Company is therefore 12,307 Ordinary Shares, representing 0.02% of the Company's issued share capital.

Following the exercise of Options and sale of Ordinary Shares today by members of the Concert Party members of the Concert Party (comprising Peter Brodnicki and David Preece) have a combined interest of 15,635,710 Ordinary Shares, representing 30.59 per cent of the Company's issued share capital.

Under the Mortgage Advice Bureau Executive Share Option Plan, the total number of Ordinary Shares now under option is 2,052,973, representing 4.0% of the Company's issued share capital.  This excludes the 255,000 options over Ordinary Shares in the Company granted to MAB's Appointed Representatives in May 2015.

Following today's issue of shares, the Company has a total of 51,105,708 Ordinary Shares in issue. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company.  The Company does not hold any shares in treasury.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides 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

1)    Peter Brodnicki

2)    David Preece

3)    Lucy Tilley

4)    Donna Brenchley

2

Reason for the notification

a)

Position/status

1)    Chief Executive Officer

2)    Chief Operating Officer

3)    Finance Director

4)    Person Discharging Managerial Responsibilities

b)

Initial notification /Amendment

Initial notification

3

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

a)

Name

Mortgage Advice Bureau (Holdings) plc

b)

LEI

2138008AY1RA61T6W960

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 0.1 pence each

ISIN: GB00BQSBH502

b)

Nature of the transaction

Exercise of options

c)

Price(s) and volume(s)

Price	No. of shares
1)    160 pence 2)    160 pence 3)    219 pence 4)    160 pence	1)    81,250 2)    68,749 3)    18,836 4)    19,531

d)

Aggregated information

- Aggregated volume

- Price

Volume: 188,366

Price: 166 pence per share (weighted average)

e)

Date of the transaction

5 April 2018

f)

Place of the transaction

London Stock Exchange, AIM

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

1)    Donna Brenchley

2

Reason for the notification

a)

Position/status

1)    Person Discharging Managerial Responsibilities

b)

Initial notification /Amendment

Initial notification

3

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

a)

Name

Mortgage Advice Bureau (Holdings) plc

b)

LEI

2138008AY1RA61T6W960

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 0.1 pence each

ISIN: GB00BQSBH502

b)

Nature of the transaction

Transfer of shares

c)

Price(s) and volume(s)

Price	No. of shares
1)    Nil	1)    2,500

d)

Aggregated information

- Aggregated volume

- Price

Volume: 2,500

Price: Nil

e)

Date of the transaction

5 April 2018

f)

Place of the transaction

London Stock Exchange, AIM

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

1)    Katherine Innes Ker

2)    Peter Brodnicki

3)    David Preece

4)    Lucy Tilley

5)    Donna Brenchley

6)    Jonathan Worsley

2

Reason for the notification

a)

Position/status

1)    Chairman

2)    Chief Executive Officer

3)    Chief Operating Officer

4)    Finance Director

5)    Person Discharging Managerial Responsibilities

6)    Person closely associated with Person Discharging Managerial Responsibilities (Donna Brenchley, Commercial Director)

b)

Initial notification /Amendment

Initial notification

3

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

a)

Name

Mortgage Advice Bureau (Holdings) plc

b)

LEI

2138008AY1RA61T6W960

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 0.1 pence each

ISIN: GB00BQSBH502

b)

Nature of the transaction

Sale of shares

c)

Price(s) and volume(s)

Price	No. of shares
1)    622 pence 2)    627 pence 3)   627 pence 4)     627 pence 5)     627 pence 6)    627 pence	1)    3,265        2)    162,500 3)   107,811 4)    18,836 5)    69,031 6)     2,500

d)

Aggregated information

- Aggregated volume

- Price

Volume: 363,943

Price: 627 pence per share (weighted average)

e)

Date of the transaction

5 April 2018

f)

Place of the transaction

London Stock Exchange, AIM

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

1)    Katherine Innes Ker

2

Reason for the notification

a)

Position/status

1)    Chairman

b)

Initial notification /Amendment

Initial notification

3

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

a)

Name

Mortgage Advice Bureau (Holdings) plc

b)

LEI

2138008AY1RA61T6W960

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 0.1 pence each

ISIN: GB00BQSBH502

b)

Nature of the transaction

Purchase of shares

c)

Price(s) and volume(s)

Price	No. of shares
1)    623 pence	1)    3,190

d)

Aggregated information

- Aggregated volume

- Price

Volume: 3,190

Price: 623 pence per share (weighted average)

e)

Date of the transaction

5 April 2018

f)

Place of the transaction

London Stock Exchange, AIM

Enquiries:

Mortgage Advice Bureau (Holdings) plc                            +44 (0)1332 525007

Peter Brodnicki, Chief Executive Officer

David Preece, Chief Operating Officer

Lucy Tilley, Finance Director

Nominated Adviser and Joint Broker:
Zeus Capital                                                                              +44 (0)20 3829 5000 Martin Green Nicholas How Pippa Underwood Joint Broker: Canaccord Genuity                                                                  +44 (0)20 7523 8350 Andrew Buchanan Richard Andrews Media Enquiries:   investorrelations@mab.org.uk

This information is provided by RNS

The company news service from the London Stock Exchange

END

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