REG - Tandem Grp PLC - Directorate Change and Total Voting Rights

TandemAnnouncement

19/05/2022 07:00

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RNS Number : 0209M  Tandem Group PLC  19 May 2022

19 May 2022

 

 Tandem Group plc

(the "Company" or "Group")

 

Appointment of Chief Executive Officer

 

Tandem Group plc (AIM: TND), designers, developers and distributors of sports,
leisure and mobility equipment, is delighted to announce the appointment of
Peter Kimberley as Chief Executive Officer of the Company with immediate
effect.

Peter Kimberley was appointed as a non-executive director of the Company in
November 2021 and has more than 30 years retail experience across a number of
sectors including the cycle retail sector with specific experience in
e-mobility across omnichannel, B2B and B2C offerings - most recently as Chief
Executive Officer of Pure Electric Limited, a specialised omnichannel retailer
of e-bikes and e-scooters in the UK and Europe.

Peter was previously Managing Director of Cycle Republic (omnichannel), Tredz
(online proposition) and Boardman Bikes (brand and design) within Halfords
Group PLC between 2013 and 2020.

Steve Grant, Chairman, commented "We are very pleased that Peter has decided
to become CEO. Having been a Non-Executive Director for 6 months, he already
has a strong understanding of the business and will be able to add real value,
utilising his wide and varied experience in senior leadership roles will serve
to drive the Group's strategic direction and maximise shareholder value."

To facilitate an orderly transition of executive duties, Steve Grant will
remain Executive Chairman until the conclusion of the Company's annual general
meeting to be held on 23 June 2022, at which point he will resume his role of
Non-Executive Chairman.

 

In connection with his appointment, Mr. Kimberley has today been awarded
37,500 options to subscribe for ordinary shares in the Company under the
Company's 2019 Employee Share Option Scheme (the "Options"). Any future
exercises of Options will be satisfied from existing ordinary shares held in
treasury by the Company.

 

The Options are exercisable from 31 December 2024 at a price of 325 pence per
ordinary share.

 

In addition, Mr Kimberley has been awarded 37,500 ordinary shares in the
Company, These ordinary shares cannot be sold within 12 months and thereafter
only with agreement from the Board. These shares will be satisfied by the
transfer of ordinary shares held by the Company in treasury.

 

Following the above transaction, the Company continues to have a total of
6,013,480 ordinary shares in issue, each carrying the right to one vote. On 3
May 2022 a further 17,000 options to subscribe for ordinary shares were
exercised by an employee of the Group under the 2019 Employee Share Option
Scheme, which were satisfied from existing ordinary shares held in treasury.
As a result, 603,921 ordinary shares are currently held in treasury. The total
number of voting rights in the Company is therefore 5,409,559 which may be
used by shareholders in the Company as the denominator for the calculations by
which they will determine if they are required to notify their interest in, or
a change in their interest in, the share capital of the Company under the
Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

 

Following the issue, Mr Kimberley holds 37,500 ordinary shares representing
approximately 0.69% of the Company's issued ordinary share capital.

 

The notification set out below, made in accordance with the requirements of
Article 19 of the Market Abuse Regulation, provides further details of such
dealings.

 

Enquiries:

 

Tandem Group plc

David Rock, Company Secretary

Telephone 0121 748 8075

 

Nominated Adviser

Cenkos Securities plc (Nominated Adviser and Broker)

Ben Jeynes / Dan Hodkinson - Corporate Finance

Michael Johnson / Russell Kerr - Sales

Telephone 020 7397 8900

 

 

 

 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                                                         Peter Kimberley
 2   Reason for notification
 a.  Position/Status                                              Chief Executive Officer
 b.  Initial notification/                                        Initial Notification

     Amendment
 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  Ordinary shares of 25p each

Identification Code

                                                                  ISIN: GB00B460T373
 b.  Nature of the transaction                                    1.   Award of options to subscribe for new ordinary shares at 325 pence per
                                                                  ordinary share

                                                                  2.   Award of ordinary shares

 c.  Price(s) and volume(s)

Price(s)     Volume(s)
                                                                                                           1.   Nil     37,500

                                                                                                           2.   Nil     37,500

 d.  Aggregated information                                       N/A - single transactions

     - Aggregated Volume

     - Price

 e.  Date of the transaction                                      1.   19 May 2022

                                                                  2.   19 May 2022
 f.  Place of the transaction                                     1.   Outside of a trading venue

d.

Aggregated information

- Aggregated Volume

- Price

N/A - single transactions

 

 

 

 

e.

Date of the transaction

1.   19 May 2022

2.   19 May 2022

f.

Place of the transaction

1.   Outside of a trading venue

 

 

This announcement contains inside information for the purposes of the UK
Market Abuse Regulation and the Directors of the Company take responsibility
for this announcement.

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