REG - Tandem Grp PLC - Exercise of Options and Directors’ Shareholdings

TandemAnnouncement

23/04/2021 14:10

RNS Number : 4851W
  
Tandem Group PLC
  
23 April 2021
  
 

Tandem Group plc
("the Company")
Exercise of options and Directors' shareholdings
 
The Company has been informed today that the following Directors have exercised share options in the ordinary shares of 25p each ("Ordinary Share") of the Company on 23 April 2021 as follows: 
                        



 
Director


 
Option Scheme


Number of options exercised


Option exercise price per share


 
Expiry date




Stephen Grant


2007 EMI Share Option Scheme


27,475


107.00p


14 June 2021




Stephen Grant


2007 EMI Share Option Scheme


22,525


79.00p


29 October 2023




Jim Shears


2007 EMI Share Option Scheme


53,222


127.50p


20 April 2026



The exercise of options will be satisfied by Ordinary Shares held by the Company in treasury. 
It is Stephen Grant's intention to subsequently sell a proportion of the Ordinary Shares purchased. 
It is Jim Shears' intention to subsequently sell a proportion but he will retain the majority of the Ordinary Shares purchased. 
Following the exercise of these options and share purchases, the Company has 5,231,516 Ordinary Shares in issue and 781,964 Ordinary Shares in treasury and the Directors are beneficially interested in Ordinary Shares as follows:                                                                                                                                                        



Director


Number of shares


Percentage of voting rights




Stephen Grant


260,000


4.97%




Jim Shears


245,722


4.70%



 




 
 



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


Stephen Grant




2


Reason for notification


 
 
 




a.


Position/Status


Chairman




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


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



Identification Code


Options over ordinary Shares of 25p each


ISIN: GB00B460T373








b.


Nature of the transaction


Exercise of options




c.


Price(s) and volume(s)






 
 



Price(s)


Volume(s)




107.00p


27,475




79.00p


22,525



 
 
 










 
 




d.


Aggregated information
 
- Aggregated Volume
 
- Price


 
 
 
50,000
 
£47,193




e.


Date of the transaction


23 April 2021




f.


Place of the transaction


(London) AIM
 



 



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


Jim Shears




2


Reason for notification


 
 
 




a.


Position/Status


CEO




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


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



Identification Code


Options over ordinary Shares of 25p each


ISIN: GB00B460T373








b.


Nature of the transaction


Exercise of options




c.


Price(s) and volume(s)






 
 



Price(s)


Volume(s)




127.50p


53,222



 
 
 










 
 




d.


Aggregated information
 
- Aggregated Volume
 
- Price


 
 
 
53,222
 
£67,858




e.


Date of the transaction


23 April 2021




f.


Place of the transaction


(London) AIM
 



 
 
This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.
Enquiries:
 
Tandem Group plc
Jim Shears, Chief Executive Officer
David Rock, Company Secretary
Telephone 0121 748 8075
 
Nominated Adviser
Cairn Financial Advisers LLP
James Caithie
Sandy Jamieson
Telephone 020 7213 0880
 
23 April 2021
 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
DSHDKNBKNBKDOQB