2nd Mar 2022 14:48
2 March 2022
Micro Focus International plc
("Micro Focus" or the "Company")
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.
The Company announces that on 2 March 2022, a sharesave option was granted to Matthew Ashley, Chief Financial Officer under the Micro Focus Sharesave Plan 2006.
This sharesave option was granted on the same terms offered to all UK based employees of Micro Focus and in accordance with the approved Directors' Remuneration Policy.
The notification below, made in accordance with the requirements of Article 19 of the EU Market Abuse Regulations, as it forms part of domestic law by virtue of The European Union (Withdrawal) Act 2018, gives further details.
1 | Details of the person discharging managerial responsibilities | |||||
a) | Name | Matthew Ashley | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Financial Officer (PDMR) | ||||
b) | Initial notification /Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Micro Focus International plc | ||||
b) | LEI | 213800F8E4X648142844 | ||||
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 of 10 pence each ("Ordinary Shares") GB00BJ1F4N75 | ||||
b) | Nature of the transaction | Grant of a sharesave option over Ordinary Shares under the Micro Focus Sharesave Plan 2006. There is no price payable on the grant or vesting of the sharesave option. On exercise, the option price of £3.6328 per share is payable. Vesting is subject to continued employment until after the three-year savings period. Subject to the rules of the plan, the sharesave option will be exercisable for a period of six months from vesting. | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information - Aggregated volume - Price |
4,954 Nil | ||||
e) | Date of the transaction | 2 March 2022 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Enquiries:
Micro Focus Tel: +44 (0)1635 32646
Stephen Murdoch, CEO [email protected]
Matthew Ashley, CFO
Ben Donnelly, Investor relations
Brunswick Tel: +44 (0) 20 7404 5959
Sarah West [email protected]
Jonathan Glass
Notes to Editors:
About Micro Focus
Micro Focus (LSE: MCRO.L, NYSE: MFGP) is a global enterprise software company supporting the technology needs and challenges of the Global 2000. Our solutions help organizations leverage existing IT investments, enterprise applications and emerging technologies to address complex, rapidly evolving business requirements while protecting corporate information at all times. Our product portfolios are Security, IT Operations Management, Application Delivery Management, Information Management & Governance and Application Modernization & Connectivity. For more information, visit: www.microfocus.com
Related Shares:
MCRO.L