REG - Tandem Grp PLC - Grant of Share Options
RNS Number : 1746ATandem Group PLC24 May 2019
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
Identification CodeOptions over ordinary Shares of 25p each
ISIN: GB00B460T373
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.ENDDSHKMGZKZDFGLZM
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