Director/PDMR Shareholding

RNS Number : 5902Y
Mattioli Woods PLC
06 March 2017
 

 

The following amendment has been made to the Director/PDMR Shareholding announcement released on 3rd March 2017 at 16:32 under RNS No 5308Y.

In the first paragraph of the announcement: "…announces the settlement of conditional cash awards…"

And in the first paragraph under PDMR dealing:

"The Company announces that it has received the following notifications of dealings in Cash Awards from Ian Mattioli and Bob Woods"

All other details remain unchanged. The full amended text is shown below.

3 March 2017

 

Mattioli Woods plc

 

("Mattioli Woods" or "the Company")

 

Notification of Transactions of Directors/PMDRs

 

Mattioli Woods (AIM: MTW.L), the specialist wealth management and employee benefits business, announces the settlement of conditional cash awards granted on 5 September 2013 under the Mattioli Woods 2010 Long Term Incentive Plan ("the LTIP") to Ian Mattioli (Chief Executive Officer of the Company) and Bob Woods (Founder Director of the Company).  Ian Mattioli and Bob Woods are considered to be persons discharging managerial responsibilities ("PDMRs"). 

 

Settlement of conditional cash awards

 

Conditional cash awards ("Cash Awards") grant participating employees a conditional right to be paid a cash amount based on the proceeds of the sale of a specified number of ordinary shares of 1 pence each in the Company ("Ordinary Shares") following the vesting of the award.  The Company has varied the terms of the Cash Awards to allow them to be settled in cash at a cost of £7.50 per award (representing a discount of 2.3% on the closing mid-price of an Ordinary Share on 2 March 2017).  

 

Ian Mattioli and Bob Woods' total interests in Cash Awards following settlement of these awards is:

 

Name

Total Interest in

Cash Awards Before Settlement

Cash Awards settled

on 3 March 2017

Total Interest in

Cash Awards

 following Settlement





Ian Mattioli

155,086

85,706

69,380

Bob Woods

111,564

62,443

49,121

 

In addition, Ian Mattioli and Bob Woods hold the following options with an exercise price of 1 pence ("Nominal Cost Options") over ("Ordinary Shares"):

 

Name

Total interest in

Nominal Cost Options following LTIP Awards



Ian Mattioli

148,149

Bob Woods

49,243

 

PDMR dealing

 

The Company announces that it has received the following notifications of dealings in Cash Awards from Ian Mattioli and Bob Woods.  The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation No 596/2014. 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

1.   Ian Mattioli

2.   Bob Woods

 

 

2

Reason for the notification

a)

Position/status

 

1.  PDMR, Chief Financial Officer

2.  PDMR, Founder Director

 

 

b)

Initial notification /Amendment

 

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

 

Name

 

Mattioli Woods plc

b)

 

LEI

 

2138003LAM79SNI63R97

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

 

Cash LTIP awards

 

 

ISIN: GB00B0MT3Y97

 

b)

 

Nature of the transaction

 

Exercise of cash settled LTIP awards

c)

 

Price(s) and volume(s)

 

 

 Price(s)

 

   Volume(s)

N/a

 

1.   85,706

2.   62,443

 

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/a (Single transaction)

e)

 

Date of the transaction

 

1.   3 March 2017

2.   3 March 2017

 

 

f)

 

Place of the transaction

 

Outside of a trading market

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.  Upon publication of this announcement, this information is now considered to be in the public domain. 

 

- Ends -

 

For further information please contact:

Mattioli Woods plc


Nathan Imlach, Chief Financial Officer

Tel: +44 (0) 116 240 8700


www.mattioli-woods.com

 

Canaccord Genuity Limited


Sunil Duggal, Investment Banking

Tel: +44 (0) 20 7523 8000

Andrew Buchanan, Corporate Broking

www.canaccordgenuity.com

Kit Stephenson, Corporate Broking


 


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