REG - Tandem Grp PLC - Exercise of Options and Directors' Shareholdings <Origin Href="QuoteRef">TND.L</Origin>

TandemAnnouncement

16/06/2017 07:05

RNS Number : 2496I
Tandem Group PLC
16 June 2017
Tandem Group plc
("the Company")
Exercise of options and Directors' shareholdings
The Company has been informed that Mervyn Keene exercised share options in the ordinary shares of 25p each ("Ordinary Share") of the Company on 14 June 2017 as follows:
 
Director
Option Scheme
Number of options exercised
Option exercise price per share
Expiry date
Mervyn Keene
2007 EMI Share Option Scheme
50,940
78.91p
14 June 2017
A further 48,800 share options in the 2007 EMI Share Option Scheme have been exercised at an option price of 78.91p per share by other employees.
The exercise of options will be satisfied by Ordinary Shares held by the Company in treasury. 
Following the exercise of the share options Mervyn Keene sold 22,500 Ordinary Shares to Jim Shears at a price of 80p per share. The shares will be transferred to his SIPP and held by Hargreaves Lansdown Nominees Limited. The beneficial owner of the shares will be the SIPP controlled by Jim Shears.
Following the exercise of these options and share purchases, the Company has 5,026,091 Ordinary Shares in issue and 987,389 Ordinary Shares in treasury and the Directors are beneficially interested in Ordinary Shares as follows:   
Director
Number of shares
Percentage of voting rights
Mervyn Keene
250,000
5.0%
Steve Grant
250,000
5.0%
Jim Shears
170,000
3.4%
Phil Ratcliffe
91,732
1.8%
Simon Morris
15,000
0.3%
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
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
Mervyn Keene
2
Reason for notification
a.
Position/Status
Non-Executive 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
Ordinary Shares of 25p each

ISIN:GB00B460T373

b.
Nature of the transaction
Purchase of shares
c.
Price(s) and volume(s)
Price(s)
Volume(s)
78.91p
50,940
d.
Aggregated information
- Aggregated Volume
- Price
50,940
40,197
e.
Date of the transaction
14 June 2017
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
Mervyn Keene
2
Reason for notification
a.
Position/Status
Non-Executive 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
Ordinary Shares of 25p each

ISIN:GB00B460T373

b.
Nature of the transaction
Sale of shares
c.
Price(s) and volume(s)
Price(s)
Volume(s)
80.00p
22,500
d.
Aggregated information
- Aggregated Volume
- Price
22,500
18,000
e.
Date of the transaction
14 June 2017
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
Group Finance 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
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
Ordinary Shares of 25p each

ISIN:GB00B460T373

b.
Nature of the transaction
Purchase of shares
c.
Price(s) and volume(s)
Price(s)
Volume(s)
80.00p
22,500
d.
Aggregated information
- Aggregated Volume
- Price
22,500
18,000
e.
Date of the transaction
14 June 2017
f.
Place of the transaction
(London) AIM
For further information:
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

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