REG - Mattioli Woods PLC - Exercise of options, PDMR Shareholding & Rule 2.9
30/08/2024 16:00
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RNS Number : 3832C Mattioli Woods PLC 30 August 2024
Not for release, publication or distribution, in whole or in part, DIRECTLY OR
INDIRECTLY, in, INTO or FROM any jurisdiction where to do so would constitute
a violation of the relevant laws of such jurisdiction
for immediate release
30 August 2024
Mattioli Woods plc
("Mattioli Woods" or "the Company")
Exercise of options, PDMR Shareholding and Rule 2.9 Announcement
Mattioli Woods (AIM: MTW.L), the specialist wealth and asset management
business, announces that on 30 August 2024, following the sanction of the
Scheme by the Court, 1,722,437 share options with an exercise price of 1 pence
("Nominal Cost Options") were exercised into ordinary shares of 1 pence each
in the Company ("Ordinary Shares") under the Mattioli Woods 2021 Long Term
Incentive Plan ("LTIP").
Application has been made for the 1,722,437 new Ordinary Shares, which will
rank pari passu with existing Ordinary Shares, to be admitted to AIM
("Admission"). It is expected that Admission will become effective and
dealings will commence at 8.00 a.m. on 2 September 2024.
Of the Nominal Cost Options, 822,554 were exercised by the following persons
discharging managerial responsibilities ("PDMRs"):
Name Number of options exercised under the LTIP Number of shares held following the exercise Percentage of issued share capital held following the exercise
Ian Mattioli* 301,428 3,416,107 6.4%
Michael Wright 141,784 177,472 0.3%
Ravi Tara 125,109 156,620 0.3%
Iain McKenzie 108,433 121,097 0.2%
Nathan Imlach 112,500 236,949 0.4%
George Houston 33,300 44,555 0.1%
*As defined by The Takeover Code, Ian Mattioli has an interest in 3,421,691
Ordinary Shares, including those held by close relatives, related trusts and
connected persons.
Rule 2.9
In accordance with Rule 2.9(c) of the City Code on Takeovers and Mergers (the
"Takeover Code"), the Company confirms that, following Admission, it will have
53,771,310 ordinary shares of £0.01 (one penny) in issue and admitted to
trading, each with ISIN number GB00B0MT3Y97.
The Company holds no shares in treasury.
The total number of shares attracting voting rights in the Company is
therefore 53,771,310. The above figure may be used by shareholders to
determine the percentage of issued share capital they hold in the Company and
if they are required to notify their interest in, or a change to their
interest in, the Company under the FCA's Disclosure Guidance and Transparency
Rules.
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them
The information set out below is provided in accordance with the requirements
of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name 1. Ian Mattioli
2. Michael Wright
3. Ravi Tara
4. Iain McKenzie
5. Nathan Imlach
6. George Houston
2 Reason for the notification
a) Position/status 1. PDMR, Chief Executive Officer
2. PDMR, Deputy Chief Executive Officer
3. PDMR, Chief Financial Officer
4. PDMR, Chief Operating Officer
5. PDMR, Chief Strategic Adviser
6. PDMR, Group Compliance Officer
b) Initial notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Mattioli Woods plc
b) LEI 2138003LAM79SNI63R97
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 Ordinary Shares of 1 pence each
Identification code
ISIN: GB00B0MT3Y97
b) Nature of the transaction Exercise of share options
c) Price(s) and volume(s) Exercise Price(s) Volume(s)
1. £0.01 1. 301,428
2. £0.01 2. 141,784
3. £0.01 3. 125,109
4. £0.01 4. 108,433
5. £0.01 5. 112,500
6. £0.01 6. 33,300
d) Aggregated information
- Aggregated volume N/a (Single transaction)
- Price
e) Date of the transaction 1. 30 August 2024
2. 30 August 2024
3. 30 August 2024
4. 30 August 2024
5. 30 August 2024
6. 30 August 2024
f) Place of the transaction Outside trading venue
- Ends -
For further information please contact:
Mattioli Woods plc
Ravi Tara, Chief Financial Officer Tel: +44 (0) 116 240 8700
www.mattioliwoods.com (http://www.mattioliwoods.com)
Canaccord Genuity Limited (Nominated Adviser and Joint Broker)
Emma Gabriel Tel: +44 (0) 20 7523 8000
Harry Pardoe www.canaccordgenuity.com (http://www.canaccordgenuity.com)
Singer Capital Markets (Joint Broker)
Tom Salvesen Tel: +44 (0) 20 7496 3000
James Moat www.singercm.com (http://www.singercm.com/)
Charles Leigh-Pemberton
Disclosure requirements of the Code
Under Rule 8.3(a) of the Takeover Code, any person who is interested in 1 per
cent. or more of any class of relevant securities of an offeree company or of
any securities exchange offeror (being any offeror other than an offeror in
respect of which it has been announced that its offer is, or is likely to be,
solely in cash) must make an Opening Position Disclosure following the
commencement of the offer period and, if later, following the announcement in
which any securities exchange offeror is first identified. An Opening Position
Disclosure must contain details of the person's interests and short positions
in, and rights to subscribe for, any relevant securities of each of (i) the
offeree company; and (ii) any securities exchange offeror(s). An Opening
Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no
later than 3.30 p.m. (London time) on the 10(th) business day following the
commencement of the offer period and, if appropriate, by no later than 3.30
p.m. (London time) on the 10(th) business day following the announcement in
which any securities exchange offeror is first identified. Relevant persons
who deal in the relevant securities of the offeree company or of a securities
exchange offeror prior to the deadline for making an Opening Position
Disclosure must instead make a Dealing Disclosure.
Under Rule 8.3(b) of the Takeover Code, any person who is, or becomes,
interested in 1 per cent. or more of any class of relevant securities of the
offeree company or of any securities exchange offeror must make a Dealing
Disclosure if the person deals in any relevant securities of the offeree
company or of any securities exchange offeror. A Dealing Disclosure must
contain details of the dealing concerned and of the person's interests and
short positions in, and rights to subscribe for, any relevant securities of
each of (i) the offeree company; and (ii) any securities exchange offeror(s),
save to the extent that these details have previously been disclosed under
Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be
made by no later than 3.30 p.m. (London time) on the business day following
the date of the relevant dealing.
If two or more persons act together pursuant to an agreement or understanding,
whether formal or informal, to acquire or control an interest in relevant
securities of an offeree company or a securities exchange offeror, they will
be deemed to be a single person for the purpose of Rule 8.3.
Opening Position Disclosures must also be made by the offeree company and by
any offeror and Dealing Disclosures must also be made by the offeree company,
by any offeror and by any persons acting in concert with any of them (see
Rules 8.1, 8.2 and 8.4).
Details of the offeree and offeror companies in respect of whose relevant
securities Opening Position Disclosures and Dealing Disclosures must be made
can be found in the Disclosure Table on the Takeover Panel's website at
www.thetakeoverpanel.org.uk, including details of the number of relevant
securities in issue, when the offer period commenced and when any offeror was
first identified. You should contact the Panel's Market Surveillance Unit on
+44 (0)20 7638 0129 if you are in any doubt as to whether you are required to
make an Opening Position Disclosure or a Dealing Disclosure.
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