Mortgage Advice Bureau (LON:MAB1) has today announced that Ben Thompson has today joined the Board of MAB as Managing Director of the Group. As announced previously on 4 April 2018, this is a new Board role within MAB that reflects the ambitions of the Group and the considerable opportunities that lie ahead.
Ben was most recently Chief Executive Officer of ULS Technology plc, the provider of online B2B platforms for the UK conveyancing and financial intermediary markets. Prior to that he held senior positions at Legal & General Group plc, where he ran their market-leading mortgage distribution business, as well as the banking division.
Mortgage Advice Bureau has granted to Ben Thompson 59,263 options over ordinary shares of 0.1 pence each in the Company. The Options have been granted under the Mortgage Advice Bureau Executive Share Option Plan and exercise of the Options is subject to the achievement of performance conditions based on total shareholder return and earnings per share criteria. Subject to achievement of the performance conditions, the Options will be exercisable in three years’ time. The exercise price for the Options is 0.1 pence, being the nominal cost of Ordinary Shares. The Options represent 0.1% of the Ordinary Shares in issue. In addition, Ben Thompson owns 113,000 Ordinary Shares, representing 0.2% of the Ordinary Shares in issue.
