Tandem Group plc
(the "Company")
Grant of Share Options
The Company announces that Steve Grant, Jim Shears and Phil Ratcliffe, Directors of the Company, have been granted 50,000, 44,278 and 45,000 options ("Options") respectively over ordinary shares of 25 pence each in the share capital of the Company ("Ordinary Shares") under the 2019 Employee Share Option Scheme.
The Options have an exercise price of 190 pence per ordinary share, being the closing mid-market price per ordinary share on 23 May 2019. The Options are exercisable between 1 January 2022 and 24 May 2029, after which the Options will lapse. The exercise of the Options is conditional on certain performance criteria.
A further 103,200 options have been granted to other employees under the 2019 Employee Share Option Scheme.
Following the above transactions, the Directors have options over Ordinary Shares as follows:
|
Director |
Option Scheme |
Number of options |
Option exercise price per share |
Expiry date |
|
Steve Grant |
2019 Employee Share Option Scheme |
50,000 |
190.00p |
24 May 2029 |
|
2007 Employee Share Option Scheme |
75,000 |
127.50p |
20 April 2026 |
|
|
2007 Employee Share Option Scheme |
22,525 |
79.00p |
29 October 2023 |
|
|
2007 Employee Share Option Scheme |
27,475 |
107.00p |
14 June 2021 |
|
|
Jim Shears |
2019 Employee Share Option Scheme |
44,278 |
190.00p |
24 May 2029 |
|
2007 Employee Share Option Scheme |
22,500 |
127.50p |
20 April 2026 |
|
|
2007 Employee Share Option Scheme |
53,222 |
107.00p |
14 June 2021 |
|
|
Phil Ratcliffe |
2019 Employee Share Option Scheme |
45,000 |
190.00p |
24 May 2029 |
|
2007 Employee Share Option Scheme |
58,897 |
127.50p |
20 April 2026 |
|
|
2007 Employee Share Option Scheme |
17,103 |
79.00p |
29 October 2023 |
|
|
2007 Employee Share Option Scheme |
14,000 |
107.00p |
14 June 2021 |
Following the grant of the above options there are a total of 600,000 options over Ordinary Shares issued representing 9.98% of issued share capital.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 (MAR).
The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.
|
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 |
i) Steve Grant ii) Jim Shears iii) Phil Ratcliffe |
||||||
|
2 |
Reason for notification |
|
||||||
|
a. |
Position/Status |
i) CEO ii) Group Finance Director iii) Group Commercial Director |
||||||
|
b. |
Initial notification/ Amendment |
Initial Notification |
||||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||||
|
a. |
Name |
Tandem Group plc |
||||||
|
b. |
LEI |
213800WKK3A6NMOB6788 |
||||||
|
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 |
Options over ordinary Shares of 25p each |
||||||
|
b. |
Nature of the transaction |
Grant of share options |
||||||
|
c. |
Price(s) and volume(s) |
|
|
|
|
|
||
|
|
Price(s) |
Volume(s) |
|
|||||
|
i) 190.0p ii) 190.0p iii) 190.0p |
i) 50,000 ii) 44,278 iii) 45,000 |
|
||||||
|
|
||||||||
|
d. |
Aggregated information
- Aggregated Volume
- Price |
139,278
190.0p |
||||||
|
e. |
Date of the transaction |
24 May 2019 |
||||||
|
f. |
Place of the transaction |
(London) AIM |
||||||
Enquiries:
Tandem Group plc
Jim Shears
Group Finance Director and Company Secretary
Telephone 0121 748 8075
Nominated Adviser
Cairn Financial Advisers LLP
Tony Rawlinson
James Caithie
Telephone 020 7213 0880
24 May 2019
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
