REG - Tandem Grp PLC - Exercise of share options <Origin Href="QuoteRef">TND.L</Origin>

TandemAnnouncement

14/06/2016 14:15

RNS Number : 1680B
Tandem Group PLC
14 June 2016
Tandem Group plc
(the "Company")
Exercise of share options
The Company has been informed that Steve Grant and Jim Shears, Directors of the Company, have exercised share options in the ordinary shares of 25 pence each in the share capital of the Company ("Ordinary Shares") as follows:
Director
Option Scheme
Number of options exercised
Option exercise price per share
Expiry date
Steve Grant
2007 EMI Share Option Scheme
25,000
79.00p
29 October 2023
Jim Shears
2007 EMI Share Option Scheme
36,278
107.00p
14 June 2021

The exercise of options will be satisfied by Ordinary Shares held by the Company in treasury. 
Following the exercise of these options, the shares will be transferred as soon as possible to the SIPPs controlled by Steve Grant and Jim Shears.
Following the exercise of these options, the Company has 4,916,751 Ordinary Shares in issue and 1,096,729 Ordinary Shares in treasury. 
The Directors are beneficially interested in Ordinary Shares as follows: 
Director
Number of shares
Percentage of voting rights
Steve Grant
250,000
5.1%
Mervyn Keene
221,560
4.5%
Jim Shears
147,500
3.0%
Phil Ratcliffe
91,732
1.9%
Simon Morris
15,000
0.3%

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
Mervyn Keene
2007 Employee Share Option Scheme
86,400
78.91p
14 June 2017
Steve Grant
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
2007 Employee Share Option Scheme
53,222
127.50p
20 April 2026
2007 Employee Share Option Scheme
22,500
107.00p
14 June 2021
2007 Employee Share Option Scheme
58,897
127.50p
20 April 2026
Phil Ratcliffe
2007 Employee Share Option Scheme
17,103
79.00p
29 October 2023
2007 Employee Share Option Scheme
14,000
107.00p
14 June 2021
The Company has also been informed that Steve Grant has transferred 65,000 Ordinary Shares held personally into his SIPP. Following this transfer there is no change in the beneficial interest in the Company.
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 7148 7901

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