Malvern International PLC Issue of Equity (6663U)
January 20 2017 - 2:00AM
UK Regulatory
TIDMMLVN
RNS Number : 6663U
Malvern International PLC
20 January 2017
20 January 2017
MALVERN INTERNATIONAL PLC
("Malvern" or the "Company")
Issue of Equity
Malvern International plc (AIM: MLVN), the provider of
educational services in the UK, Europe and Asia, is pleased to
announce that it has received the Tranche 2 of share subscription
from Sam Malafeh, Deputy Chief Executive Officer, which was agreed
on his appointment and outlined in an announcement dated 5
September 2016.
Gopinath Pillai, Chairman, commented: "As Chairman, I am indeed
happy to see Dr.Sam Malafeh's second contribution to the equity of
the company. The spirit behind this payment is more important than
the money itself. It shows that Sam as the Deputy CEO is confident
of the future of the company and feels his investment is safe and
is likely to grow. We all share his optimism."
On joining the Group Dr Malafeh agreed to subscribe for new
Ordinary Shares at par value of 5p each on the following basis:
Date Amount Subscription Number
price of shares
Tranche
1 On appointment GBP200,000 5p 4,000,000
Tranche On or before 15
2 January 2017 GBP100,000 5p 2,000,000
Tranche On or before 15
3 March 2017 GBP150,000 5p 3,000,000
Application has been made for the 2,000,000 new Ordinary Shares
arising pursuant from Tranche 2 to be admitted to trading on AIM.
Dealings are expected to commence on 25 January 2017.
In accordance with the provisions of the Disclosure and
Transparency Rules of the Financial Conduct Authority, the Company
confirms that, following these transactions, its issued share
capital will comprise 94,277,983 Ordinary Shares of 5p each. All of
the Ordinary Shares have equal voting rights and none of the
Ordinary Shares are held in Treasury. The total number of voting
rights in the Company is therefore 94,277,983. 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 Disclosure and Transparency Rules
Following the issue Dr Malafeh is interested in a total of
6,000,000 Ordinary Shares representing approximately 6.36 per cent.
of the Company's issued share capital.
1 Details of the person discharging managerial responsibilities/person closely associated
--- -------------------------------------------------------------------------------------------------------
a) Name Dr Sam Malafeh
--- ------------------------------------------------------------ -----------------------------------------
2 Reason for the notification
--- -------------------------------------------------------------------------------------------------------
a) Position/status Director
--- ------------------------------------------------------------ -----------------------------------------
b) Initial notification/ Amendment Initial Notification
--- ------------------------------------------------------------ -----------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
--- -------------------------------------------------------------------------------------------------------
a) Name Malvern International plc
--- ------------------------------------------------------------ -----------------------------------------
b) LEI N/A
--- ------------------------------------------------------------ -----------------------------------------
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 Ordinary shares of 1p each
Identification code
GB00B04XB679
--- ------------------------------------------------------------ -----------------------------------------
b) Nature of the transaction Receipt of deferred consideration shares
--- ------------------------------------------------------------ -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
5p 2,000,000
--------- ----------
--- ------------------------------------------------------------ -----------------------------------------
d) Aggregated information
* Aggregated volume 2,000,000
GBP100,000
* Price
--- ------------------------------------------------------------ -----------------------------------------
e) Date of the transaction 19 January 2017
--- ------------------------------------------------------------ -----------------------------------------
f) Place of the transaction N/A
--- ------------------------------------------------------------ -----------------------------------------
ENDS
Contacts:
Malvern International www.malverninternational.com
plc
Haider Sithawalla +65 64120733
Dr Sam Malafeh +65 83860155
WH Ireland Limited Nominated Adviser &
Broker
Mike Coe, Ed Allsopp +44 (0) 117 945 3470
.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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