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Sector
Consumer Cyclicals
Size
Micro Cap
Market Cap £19.4m
Enterprise Value £17.5m
Revenue £38.8m
Position in Universe 1380th / 1807

Tandem Grp PLC Exercise of Options

Thu 29th April, 2010 9:47am
TIDMTND

RNS Number : 0258L
Tandem Group PLC
29 April 2010

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Tandem Group plc
(the "Company")

Exercise of options by Directors and employees

The Company was informed today that Mervyn Keene and Stephen Grant, both
Directors of the Company, had exercised 26,400 and 8,000 Unapproved Executive
Share Options respectively at an exercise price of 71.875 pence per ordinary
share in the Company ("Ordinary Share"). The options would otherwise have
expired on 1 May 2010.
In addition, employees in the Company have exercised 13,600 Unapproved Executive
Share Options which would otherwise have expired on 1 May 2010.
The Ordinary Shares to satisfy the options exercised will be bought from the
519,080 Ordinary Shares held by the Company in Treasury, reducing the Company's
holding of Ordinary Shares in Treasury to 471,080. Following the exercise of
these options the Company now has 5,542,400 Ordinary Shares in issue.
Following the exercise of these options, Mervyn Keene is beneficially interested
in 200,360 Ordinary Shares representing 3.6% of the issued Ordinary Shares and
Stephen Grant is beneficially interested in 64,000 Ordinary Shares representing
1.2% of the issued Ordinary Shares. These Directors now have the following
options over Ordinary Shares:
+-------------+------------+------------+------------+-----------+
| Director | Option | Number of | Option | Expiry |
| | Scheme | options | exercise | date |
| | | | price | |
+-------------+------------+------------+------------+-----------+
| Mervyn | 1996 | 15,200 | 71.88p | 1 May |
| Keene | Approved | | | 2013 |
| | Share | | | |
| | Option | | | |
| | Scheme | | | |
+ + +------------+------------+-----------+
| | | 16,000 | 62.50p | 26 June |
| | | | | 2016 |
+-------------+------------+-------------+------------+------------+
| | 2007 | 86,400 | 78.91p | 14 June |
| | Employee | | | 2020 |
| | Share | | | |
| | Option | | | |
| | Scheme | | | |
+-------------+------------+------------+------------+-----------+
| Stephen | 1996 | 20,800 | 71.88p | 1 May |
| Grant | Approved | | | 2013 |
| | Share | | | |
| | Option | | | |
| | Scheme | | | |
+ + +------------+------------+-----------+
| | | 16,000 | 62.50p | 26 June |
| | | | | 2016 |
+-------------+------------+-------------+------------+------------+
| | 2007 | 83,200 | 78.91p | 14 June |
| | Employee | | | 2020 |
| | Share | | | |
| | Option | | | |
| | Scheme | | | |
+-------------+------------+------------+------------+-----------+

Following the exercise of share options by employees, the following options
remain unexercised by employees:
+----------------+----------------+----------------+----------------+
| Option Scheme | Number of | Option | Expiry date |
| | options | exercise price | |
+----------------+----------------+----------------+----------------+
| 1996 | 8,000 | 71.88p | 1 May 2010 |
| Unapproved | | | |
| Share Option | | | |
| Scheme | | | |
+----------------+----------------+----------------+----------------+
| 1996 Approved | 59,200 | 71.88p | 1 May 2013 |
| Share Option | | | |
| Scheme | | | |
+ +----------------+----------------+----------------+
| | 41,600 | 62.50p | 26 June 2016 |
+----------------+----------------+----------------+----------------+
| 2007 Employee | 172,000 | 78.91p | 14 June 2020 |
| Share Option | | | |
| Scheme | | | |
+----------------+----------------+----------------+----------------+

Enquiries:
Tandem Group plc
Jim Shears, Company Secretary
Telephone 0121 748 8075

Nominated Adviser
Cairn Financial Advisers
Tony Rawlinson
Telephone 020 7148 7901



This information is provided by RNS
The company news service from the London Stock Exchange
END

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