REG - Tandem Grp PLC - Exercise of Options <Origin Href="QuoteRef">TND.L</Origin>
RNS Number : 7427BTandem Group PLC09 October 2015Tandem Group plc
(the "Company")
Exercise of options
The Company has been informed that Phil Ratcliffe and Jim Shears, Directors of the Company, have exercised share options in the ordinary shares of 25p each ("Ordinary Share") of the Company as follows:
Director
Option Scheme
Number of options exercised
Option exercise price per share
Expiry date
Phil Ratcliffe
2007 EMI Share Option Scheme
32,000
78.91p
14 June 2017
Phil Ratcliffe
1996 Approved Share Option Scheme
5,600
62.50p
26 June 2016
Jim Shears
2007 EMI Share Option Scheme
8,000
78.91p
14 June 2017
Jim Shears
2007 EMI Share Option Scheme
4,091
107.00p
14 June 2021
The exercise of options will be satisfied by Ordinary Shares held by the Company in treasury.The beneficial owners of the shares will be the SIPPs controlled by Phil Ratcliffe and Jim Shears.
Following the exercise of these options Phil Ratcliffe is beneficially interested in 71,435 Ordinary Shares representing 1.50% of voting rights. Jim Shears is beneficially interested in 72,091 Ordinary Shares representing 1.52% of voting rights.
The issued share capital of the Company is 6,013,480 Ordinary Shares of 25 pence of which 1,264,035 Ordinary Shares are held in treasury. The voting rights of the Company therefore total 4,749,445 Ordinary Shares.
Enquiries:
Tandem Group plc
Jim Shears
Group Finance Director and Company Secretary
Telephone 0121 748 8075
Nominated Adviser
Cairn Financial Advisers LLP
Tony Rawlinson
Telephone 020 7148 7901
9 October 2015
This information is provided by RNSThe company news service from the London Stock ExchangeENDRDSFSIEFAFISESS
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