MORTGAGE ADVICE BUREAU (HOLDINGS) PLC

Share Issue/Capital Change • Oct 9, 2020

National Storage Mechanism | Additional information

RNS Number : 6747B

Mortgage Advice Bureau(Holdings)PLC

09 October 2020

9 October 2020

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

Issue of Equity and PDMR dealing

Mortgage Advice Bureau (Holdings) plc (AIM: MAB1.L) announces that options to subscribe for 882,929 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares" and the "Options") have yesterday been exercised by certain Directors. The Options were issued pursuant to the Mortgage Advice Bureau Executive Share Option Plan. Following the exercise of Options, certain Directors have sold Ordinary Shares.  The details of the exercise of Options and sale of Ordinary Shares 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	13,997,910	26.83	451,329	973,012	13,476,227(4)	25.40
Lucy Tilley	17,957	0.03	199,508	199,508(7)	17,957(5)	0.03
David Preece	1,524,800	2.92	232,092	232,092	1,524,800(6)	2.87

(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)           The Options exercised relate to options granted to the Directors at the time of the IPO, in 2015 on Lucy Tilley's appointment, in 2016, and in 2017, pursuant to the Mortgage Advice Bureau Executive Share Option Plan.

(3)           By the Director and/or his/her connected persons. 

(4)           Peter Brodnicki also holds options over 94,419 Ordinary Shares, which have not yet vested.

(5)           Lucy Tilley also holds options over 77,862 Ordinary Shares, which have not yet vested.

(6)           David Preece also holds options over 6,159 Ordinary Shares, which have not yet vested.

(7)           Immediately prior to sale of Ordinary Shares, Lucy Tilley gifted for nil consideration 2,546 Ordinary Shares to her husband, a family member for the purposes of the AIM Rules for Companies.

Application has been made to the London Stock Exchange for the 882,929 Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective at 8.00 a.m. on 15 October 2020.

Following Admission, the total number of Ordinary Shares in issue will be 53,051,308 and the total number of voting rights will therefore be 53,051,308. 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 share capital of the Company under the FCA's Disclosure and Transparency Rules.

The notification below is made in accordance with the requirements of the EU Market Abuse Regulation.

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.    Lucy Tilley

3.    David Preece

2

Reason for the notification

a)

Position/status

1.    Chief Executive Officer

2.    Chief Financial Officer

3.    Non-Executive 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

Exercise of options

c)

Price(s) and volume(s)

1.    Peter Brodnicki

Price	No. of shares
160.0p 357.75p 430.83p	162,500 157,066 131,763

2.    Lucy Tilley

Price	No. of shares
219.0p 357.75p 430.83p	18,834 96,264 84,410

3.    David Preece

Price	No. of shares
160.0p 357.75p 430.83p	55,228 129,199 47,665

d)

Aggregated information

- Aggregated volume

- Price

Volume:  882,929

Price (weighted average): 327.86p

e)

Date of the transaction

8 October 2020

f)

Place of the transaction

London Stock Exchange, AIM

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

1.    Peter Brodnicki

2.    Lucy Tilley

3.    David Preece

4.    Bruce Tilley

2

Reason for the notification

a)

Position/status

1.    Chief Executive Officer

2.    Chief Financial Officer

3.    Non-Executive Director

4.    Person closely associated with Lucy Tilley

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.    702.0p 2.    702.0p 3.    702.0p 4.    702.0p	1.    973,012 2.    196,962 3.    232,092 4.    2,546

d)

Aggregated information

- Aggregated volume

- Price

Volume:  1,404,612

Price: 702.0p

e)

Date of the transaction

8 October 2020

f)

Place of the transaction

London Stock Exchange, AIM

Enquiries:

Mortgage Advice Bureau (Holdings) plc	+44 (0)1332 525007
Peter Brodnicki, Chief Executive Officer Ben Thompson, Deputy Chief Executive Officer Lucy Tilley, Chief Financial Officer
Nominated Adviser and Broker: Numis Securities Limited      Stephen Westgate / Hugo Rubinstein (Corporate Finance)	+44 (0)20 7260 1000
Media Enquiries:  investorrelations@mab.org.uk

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