MAC.L

Marechale Capital Plc
Marechale Capital Plc - Grant of Options
7th December 2022, 13:00
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                                                                7 December 2022

                             Marechale Capital plc

                        ("Marechale" or the "Company")

                               Grant of Options

Marechale Capital plc (AIM:MAC) announces that it has granted options in
aggregate over 6,950,000 ordinary shares at 2.05p per share ("the Share
Options") to directors, being Patrick Booth-Clibborn and Mark Warde-Norbury,
and to other persons as detailed below.

The Share Options, which have been approved by shareholders, represent
approximately 7.3 per cent. of the Company's current issued share capital.

The Share Options were awarded as follows:

                           Number of Share Resultant Number       As a % of
                           Options Granted of Share Options  Current Issued
                                                       Held   Share Capital

Patrick Booth-Clibborn           4,700,000       10,900,859           11.4%

Mark Warde-Norbury                 450,000        1,315,217            1.4%

Others                           1,800,000        2,800,000            2.9%

Total                            6,950,000       15,016,076           15.7%

This issued share capital of the Company is 95,461,247 ordinary shares.
Following the grant of the Share Options, the Company will have 15,016,076
options in issue representing 15.7 per cent. of the issued share capital in
aggregate.

The Share Options have been granted in accordance with rules of the Marechale
Capital plc share option plan.  The Share Options have an exercise price of
2.05p per share (being the closing price on 5 December 2022),  vest on the
third anniversary of grant, are not subject to performance criteria and will
expire on the fifth anniversary of the earliest date of exercise, the latter
taken to be the date on which the options have vested.

This announcement contains inside information for the purposes of Article 7 of
EU Regulation 596/2014.

For further information please contact:

Marechale Capital plc                              Tel: +44 (0)20 7628 5582
Mark Warde-Norbury / Patrick Booth-Clibborn

Cairn Financial Advisers LLP (Nomad)               Tel: +44 (0)20 7213 0880
Jo Turner / Sandy Jamieson

BlytheRay (Financial PR)                          Tel: + 44 (0)78 7574 4070
Tim Blythe / Megan Ray                       marechalecapital@blytheray.com

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No.
596/2014

1     Details of the person discharging managerial responsibilities/person closely
      associated

a.    Name                  a. Patrick Booth-Clibborn
                            b. Mark Warde-Norbury

2     Reason for
      notification

a.    Position/Status       a. Chief Executive
                            b. Executive Chairman

b.    Initial notification Initial
      /
      Amendment

3     Details of the issuer, emission allowance market participant, auction platform,
      auctioneer or auction monitor

a.    Name                 Marechale Capital Plc

b.    LEI                  213800WAVVOPS85N2205

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   Ordinary Shares
      financial
      instrument, type of
      instrument           ISIN: GB0005401087

      Identification Code

b.    Nature of the        Grant of share options at an exercise price of 1.25 pence
      transaction

c.    Price(s) and volume       Volume(s)        Exercise Price
      (s)                                        (p)

                                 a. 4,700,000    2.05p

                                b)  450,000      2.05p

d.    Aggregated           5,150,000
      information          2.05 pence

      - Aggregated Volume
      - Price

e.    Date of the          6/12/2020
      transaction

f.    Place of the         London Stock Exchange, AIM
      transaction
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