REG - Tandem Grp PLC - Directorate Change, Director/PDMR Share Dealing

TandemAnnouncement

21/02/2022 07:00

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RNS Number : 2047C  Tandem Group PLC  21 February 2022

21 February 2022

 

Tandem Group plc

("Tandem" or the "Company" and together with its subsidiaries the "Group")

 

Directorate Change, Director/PDMR Share Dealing and Transaction in Own Shares

 

The Board of Tandem Group plc (AIM: TND), designers, developers and
distributors of sports, leisure and mobility equipment, is pleased to announce
the appointment of Martin Fisher to the Tandem board of directors as
E-Commerce and Supply Chain Director with immediate effect.

Mr Fisher has served as Managing Director of Expressco Direct Limited, a
subsidiary of the Company, since 2016. Prior to joining the Company Mr Fisher
was Head of E-commerce at The Fitness Superstore between 2013 and 2016 having
operated in E-commerce leadership roles since 2000.

Jim Shears, Tandem's Chief Executive Officer, commented:

 

"We are delighted to welcome Martin to the Board as he continues to make a
significant  contribution to the development of Group's Direct to Consumer
(D2C) business. Martin's E-commerce, D2C and operational experience will bring
additional expertise to the Board at what continues to be an exciting time for
the Company."

 

In addition to his appointment to the Tandem board of directors, Martin Paul
Fisher (aged 42) holds or has held the following directorships or
partnerships in the past five years.

 Current                   Previous (last five years)
 Expressco Direct Limited  None

Simultaneously, Martin Fisher has exercised 10,000 options to subscribe for
new ordinary shares in the Company ("Ordinary Shares") at a price of 190 pence
per Ordinary Share (the "Options Exercise").

 

The Options Exercise 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, with 719,364 Ordinary Shares held in treasury. The
total number of voting rights in the Company is therefore 5,294,116 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 Options Exercise, Mr Fisher holds 10,000 Ordinary Shares
representing approximately 0.19% of the Company's issued ordinary share
capital.

 

 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                                                         Martin Fisher
 2   Reason for notification
 a.  Position/Status                                              E-Commerce and Supply Chain Director
 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                                                          N/A
 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                                    Acquisition of Ordinary Shares following exercise of options
 c.  Price(s) and volume(s)

Price(s)  Volume(s)
                                                                                                   190p      10,000

 d.  Aggregated information                                       N/A - single transaction

     - Aggregated Volume

     - Price                                                      N/A - single transaction

                                                                  N/A - single transaction
 e.  Date of the transaction                                      21 February 2022
 f.  Place of the transaction                                     Outside of a trading venue

d.

Aggregated information

- Aggregated Volume

- Price

N/A - single transaction

 

N/A - single transaction

N/A - single transaction

e.

Date of the transaction

21 February 2022

f.

Place of the transaction

Outside of a trading venue

 

Enquiries:

 

Tandem Group plc

David Rock, Company Secretary

Telephone 0121 748 8075

 

Nominated Adviser and Broker

Cenkos Securities plc

Ben Jeynes / Dan Hodkinson - Corporate Finance

Russell Kerr / Michael Johnson - Sales

Telephone 020 7397 8900

 

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