REG - Tandem Grp PLC - Grant of Share Options

TandemAnnouncement

29/04/2021 07:05

RNS Number : 9881W
  
Tandem Group PLC
  
29 April 2021
  
 

Tandem Group plc
(the "Company")
 
Grant of Share Options
 
The Company announces that Jim Shears and Phil Ratcliffe, Directors of the Company, have been granted 24,000 and 13,000 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 665.00 pence per ordinary share, being the closing midmarket price per ordinary share on 28 April 2021. The Options are exercisable between 1 January 2024 and 28 April 2031, after which the Options will lapse. The exercise of the Options
is conditional on certain performance criteria being met.
 
A further 40,000 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




Jim Shears


2019 Employee Share Option Scheme


24,000


665.00p


28 April 2031








2019 Employee Share Option Scheme


44,278


190.00p


24 May 2029




Phil Ratcliffe


2019 Employee Share Option Scheme


13,000


665.00p


28 April 2031








2019 Employee Share Option Scheme


45,000


190.00p


24 May 2029








2007 Employee Share Option Scheme


58,897


127.50p


20 April 2026



 



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


CEO




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


Options over ordinary Shares of 25p each


ISIN: GB00B460T373








b.


Nature of the transaction


Grant of options




c.


Price(s) and volume(s)






 
 



Price(s)


Volume(s)




665p


24,000



 
 
 










 
 




d.


Aggregated information
 
- Aggregated Volume
 
- Price


 
 
 
24,000
 
665p




e.


Date of the transaction


28 April 2021




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


Philip Ratcliffe




2


Reason for notification


 
 
 




a.


Position/Status


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


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


Options over ordinary Shares of 25p each


ISIN: GB00B460T373








b.


Nature of the transaction


Grant of options




c.


Price(s) and volume(s)






 
 



Price(s)


Volume(s)




665p


13,000



 
 
 










 
 




d.


Aggregated information
 
- Aggregated Volume
 
- Price


 
 
 
13,000
 
665p




e.


Date of the transaction


28 April 2021




f.


Place of the transaction


(London) AIM
 



 
 
This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company take responsibility for this announcement.
 
Enquiries:
 
Tandem Group plc
Jim Shears, Chief Executive Officer
David Rock, Company Secretary
Telephone 0121 748 8075
 
Nominated Adviser
Cairn Financial Advisers LLP
James Caithie
Sandy Jamieson
Telephone 020 7213 0880
 
29 April 2021
 
Forward-Looking Statements
 
Certain statements made in this announcement are forward-looking statements. These forward-looking statements are not historical facts but rather are based on the Company's current expectations, estimates, and projections about its industry; its beliefs; and assumptions. Words such as 'anticipates,' 'expects,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond the Company's control, are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. The Company cautions security holders and prospective security holders not to place undue reliance on these forward-looking statements, which reflect the view of the Company only as of the date of this announcement. The forward-looking statements made in this announcement relate only to events as of the date on which the statements are made. The Company will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances, or unanticipated events occurring after the date of this announcement except as required by law or by any appropriate regulatory authority.
 

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