National World plc
("National World" or the "Company")
Exercise of share options
Director / PDMR Shareholding
National World (NWOR.LSE) announces that pursuant to options granted under the terms of the 2019 Value Creation Plan, on 4 May 2023, it received notification that Mark Hollinshead, Chief Commercial Officer and a person discharging managerial responsibilities ("PDMR") has exercised options over 3,799,009 ordinary shares of 0.1p each ("Ordinary Shares") at an exercise price of 0.1p per Ordinary Share ("VCP Option Shares").
Following the exercise, Mark Hollinshead now has a total beneficial interest in 4,556,916 Ordinary Shares, equivalent to approximately 1.70 per cent. of the Company's issued share capital.
The Company also received notification from another option holder to exercise options over 4,432,177 VCP Option Shares.
Consequently, the Company has allotted 8,231,186 VCP Option Shares. The VCP Option Shares rank, pari passu, in all respects with the Company's existing Ordinary Shares.
- Ends -
For further information, please contact:
National World plc
Douglas Easton
c/o Montfort Communications
Montfort Communications
Olly Scott
+44 (0)78 1234 5205
Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated ("PCA") with them.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Mark Hollinshead | ||||
| 2 | Reason for notification | |||||
| a) | Position / status | Chief Commercial Officer and PDMR | ||||
| b) | Initial notification /Amendment | Initial notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | National World plc | ||||
| b) | LEI | 213800NL4ICLKYSYU749 | ||||
| 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
ISIN: GB00BJN5J635 | ||||
| b) | Nature of the transaction | Exercise of options granted under the 2019 Value Creation Plan
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| c) | Price(s) and volumes(s) |
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| d) | Aggregated information | n/a | ||||
| e) | Date of the transaction | 4 May 2023 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
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