Maintel Holdings PLC Director Update, Director Shareholding and TVR (1550G)
July 19 2019 - 8:00AM
UK Regulatory
TIDMMAI
RNS Number : 1550G
Maintel Holdings PLC
19 July 2019
Maintel Holdings PLC ("Maintel" or the "Company")
Director Update
Director Shareholding and Total Voting Rights
The Company is pleased to announce that Mark Townsend has
revoked his resignation as Chief Financial Officer as announced on
4 March 2019. As a result, Mark will remain in the position of
Chief Financial Officer and retain his seat on the Board of the
Company. Mark has continued to work with the Company during his
6-month notice period and is therefore well positioned to continue
in the role.
Pursuant to his re-appointment, Mark has been issued and
allotted 14,591 new ordinary shares of 1 pence each ("Ordinary
Shares"). In addition, a further 10,000 new Ordinary Shares will be
allotted to Mark on 10 April 2020 and subsequently issued, subject
to his continued employment. Following the issue of the 14,591 new
Ordinary Shares, Mark Townsend will have a direct interest in
15,873 Ordinary Shares representing 0.11% of the issued share
capital of the Company.
In addition to this, Mark has been issued an option over 15,000
Ordinary Shares in the Company under the Company's 2015 Long-Term
Incentive Plan at market value with an exercise price of 446 pence
per Ordinary Share. The option has a 3-year vesting period and is
not subject to any performance criteria. The existing option over
15,000 Ordinary Shares, issued to Mark on 10 April 2017 under this
scheme, has been cancelled.
John Booth, Chairman of the Company commented: "We are delighted
that Mark has decided to continue with his role as Chief Financial
Officer. Given his in-depth knowledge of the Company, we are
pleased that he will continue to work alongside management and that
the Company as a whole will benefit from his experience and
expertise."
Admission and Total Voting Rights
Application has been made for the 14,591 new Ordinary Shares to
be admitted to trading on AIM and dealings are expected to commence
on 24 July 2019 ("Admission"). The new Ordinary Shares will rank
pari passu with the Company's existing Ordinary Shares. The total
number of Ordinary Shares in issue following Admission will be
14,322,059; there are no Ordinary Shares held in treasury.
Accordingly, the figure of 14,322,059 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 under the FCA's Disclosure
Guidance and Transparency Rules.
Maintel Holdings plc
Eddie Buxton, Chief Executive Officer Tel: +44 (0)207 401 4601
Mark Townsend, Chief Financial Officer
finnCap Tel: +44 (0)207 220 0500
Jonny Franklin Adams / Kate Bannatyne (Corporate
Finance)
Richard Chambers (Corporate Broking)
Oakley Advisory Tel: +44 (0) 207 766 6900
Victoria Boxall
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Mark Townsend
----------------------------------------- ----------------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------------------------
a) Position/status: Chief Financial Officer
----------------------------------------- ----------------------------------------------
b) Initial notification/Amendment: Initial notification
----------------------------------------- ----------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------------
a) Name: Maintel Holdings Plc
----------------------------------------- ----------------------------------------------
b) LEI: 2138008TDMNV6ODDI497
----------------------------------------- ----------------------------------------------
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, Ordinary shares of 1p each
type of instrument: GB00B046YG73
Identification code:
----------------------------------------- ----------------------------------------------
b) Nature of the transaction: Issue of Ordinary Shares;
Issue of options over Ordinary Shares; and
Cancellation of options over Ordinary Shares
----------------------------------------- ----------------------------------------------
c) Price(s) and volume(s): Issue of Ordinary Shares
Price(s) Volume(s)
---------------
Nil 14,591
---------------
Issue of options over Ordinary
Shares
Price(s) Volume(s)
---------------
446 pence 15,000
---------------
Cancellation of options over
Ordinary Shares
Price(s) Volume(s)
---------------
1 pence 15,000
---------------
----------------------------------------- ----------------------------------------------
d) Aggregated information: See 4c) above
* Aggregated volume:
* Price:
----------------------------------------- ----------------------------------------------
e) Date of the transaction: 19 July 2019
----------------------------------------- ----------------------------------------------
f) Place of the transaction: London Stock Exchange, AIM (XLON)
----------------------------------------- ----------------------------------------------
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END
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