MS INTERNATIONAL PLC — Share Issue/Capital Change 2017

Sep 22, 2017

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 5050R

Micro Focus International plc

22 September 2017

22 September 2017

Micro Focus International plc ("Micro Focus" or the "Company")

Awards of Additional Share Grants

Earlier today the Company announced awards to Executive Directors of certain Additional Share Grants ("ASGs") over ordinary shares in Micro Focus to incentivise management to deliver exceptional returns to shareholders.

In addition to the awards of ASGs to Executive Directors, the Company granted ASGs to approximately 30 senior managers of the Enlarged Group.

The awards of the ASGs have been made to Executive Directors and additional senior managers following completion of the Micro Focus / HPE Software merger on 1 September 2017 ("Transaction").

In summary the total ASGs granted by way of nil cost options over ordinary shares in the Company are as follows:

Director/Senior Manager  Number of nil cost

options over Ordinary

Shares

-----------------------  -----------------------

Kevin Loosemore          1,100,000

-----------------------  -----------------------

Chris Hsu                  900,000

-----------------------  -----------------------

Mike Phillips              676,000

-----------------------  -----------------------

Nils Brauckmann            500,000

-----------------------  -----------------------

Stephen Murdoch            500,000

-----------------------  -----------------------

Other senior managers    4,200,000

-----------------------  -----------------------

Total                    7,876,000

-----------------------  -----------------------

The vesting date for these awards will be 7 September 2019 which is three years from the announcement of the Transaction on 7 September 2016.

Enquiries:

Micro Focus	Tel: +44 (0)1635 565200
Mike Phillips (Chief Financial Officer)
Tim Brill (Director of Corporate Communications & IR)
Powerscourt (PR Adviser)	Tel:  +44 (0)20 7250 1446
Juliet Callaghan Simon Compton

About Micro Focus

Micro Focus is a leading global enterprise software company uniquely positioned to help customers extend existing investments while embracing new technologies in a world of Hybrid IT. Providing customers with a world-class portfolio of enterprise-grade scalable solutions with analytics built-in, Micro Focus delivers customer-centered innovation across DevOps, Hybrid IT, Security and Risk Management, and Predictive Analytics. For more information visit www.microfocus.com. 

END

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHOKDDNBBKBDCB