Marlowe PLC Launch of Group 2021 SAYE Scheme (0872K)

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RNS Number : 0872K

Marlowe PLC

31 August 2021

Marlowe plc

Launch of Group 2021 SAYE Scheme

Grant of 2021 SAYE Options

Marlowe plc (" Marlowe " or the " Group "), the specialist services group focused on developing companies which assure safety and regulatory compliance, announces that as part of the Group's HMRC approved 2021 Save As You Earn scheme (the " 2021 SAYE Scheme ") a total of 426,508 options to subscribe for ordinary shares of 50 pence each in the capital of the Group (" 2021 SAYE Options ") have today been granted to employees of the Group.

Under the 2021 SAYE scheme, which was made available to all Marlowe employees, a total of 631 employees of the Group, have applied to participate in the 2021 SAYE Scheme. The 2021 SAYE Options have an exercise price, calculated in accordance with the rules of the SAYE Scheme, of 725 pence per 2021 SAYE Option. Subject to the rules of the 2021 SAYE Scheme, participants will be able to exercise their 2021 SAYE Options within six-months commencing from 1 October 2024.

There are 658,204 options active from the 2020 SAYE scheme. As a result of the above grant of 2021 SAYE Options, the Group now has a total of 1,084,712 options over ordinary shares outstanding, representing approximately 1.41 per cent. of the Group issued ordinary share capital.

For further information:

 
 Marlowe plc                               www.marloweplc.com 
 Alex Dacre, Chief Executive               Tel: +44 (0) 203 841 
                                            6194 
 Mark Adams, Group Finance Director        IR@marloweplc.com 
 
 Cenkos Securities plc - Nominated Adviser & Joint Broker 
 Nicholas Wells                            Tel: +44 (0)20 7397 
                                            8900 
 Ben Jeynes 
 
 
 Joh. Berenberg, Gossler & Co. KG, London Branch - Joint Broker 
 Mark Whitmore                             Tel: +44 (0)20 3207 
  Ben Wright                                7800 
 
 
 FTI Consulting 
 Nick Hasell                               Tel: +44 (0)20 3727 
                                            1340 
 Alex Le May

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