Director/PDMR Shareholding

RNS Number : 4966B

Mattioli Woods PLC

11 February 2022

 

11 February 2022

Mattioli Woods plc

("Mattioli Woods" or "the Company")

Notification of Transactions of Persons Discharging Managerial Responsibilities ("PDMRs")

As required by Article 19.3 of Regulation (EU) No. 596/2014 on market abuse, Mattioli Woods (AIM: MTW.L), the specialist wealth and asset management business, announces that on 10 February 2022, 32,203 options with an exercise price of 1 pence ("Nominal Cost Options") were exercised into ordinary shares of 1 pence each in the Company ("Ordinary Shares") under the Mattioli Woods 2010 Long Term Incentive Plan ("LTIP") by PDMRs Michael Wright and Nathan Imlach.

The transactions by PDMRs were as follows:

Director/PDMR	Interest in Nominal Cost Options prior to the option exercises	Date of option exercise	Nominal Cost Options exercised	Interest in Nominal Cost Options following the option exercises
Michael Wright	83,000	10 Feb 2022	3,000	80,000
Nathan Imlach	99,203	10 Feb 2022	29,203	70,000

Following this exercise, the executive directors and PDMRs hold 504,200 unexercised LTIP Nominal Cost Options, of which 1,000 are capable of being exercised.

As a result of these exercises, the total number of options in issue is 1,106,091, equivalent to 2.2 percent of the current issued share capital of the Company.

Following the exercise of the options, on 10 February 2022 Ian Mattioli, Michael Wright, Nathan Imlach and Simon Gibson sold 226,870 Ordinary Shares at a price of 800 pence per share. On 11 February 2022, Ian Mattioli sold a further 200,000 Ordinary Shares, plus 30,000 shares previously held by The Ian and Clare Mattioli Charitable Trust under his direction, at a price of 800 pence per share. Aside from the sale of 14,260 shares on 7 January 2022, Ian's last share sale was over six years ago in November 2015. This sale was completed as part of a previously announced instruction that was unable to complete due to Ian being classed as an insider under MAR until the release of The Company's interim results on 8 February 2022.

Their resultant interests in the Company are:

Director/PDMR	Date of transaction	Number of shares purchased	Purchase price	Date of transaction	Number of shares sold	Sale price	Total shares held	Percentage of issued share capital
Ian Mattioli*	-	-	-	10-11 Feb 2022	415,756	800p	3,173,432	6.23%
Michael Wright	10 Feb 2022	3,000	1p	10 Feb 2022	1,418	800p	20,660	0.04%
Nathan Imlach	10 Feb 2022	29,203	1p	10 Feb 2022	29,203	800p	121,712	0.24%
Simon Gibson	-	-	-	10 Feb 2022	10,493	800p	125,901	0.25%

*of which 30,000 shares sold from The Ian and Clare Mattioli Charitable Trust

The above information is provided by the Company in accordance with its obligations under the FCA's Disclosure and Transparency Rules. 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	1.  Michael Wright 2.  Nathan Imlach
2	Reason for the notification
a)	Position/status	1.  PDMR, Group Managing Director 2.  PDMR, Chief Strategic Advisor
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	Ordinary Shares of 1 pence each ISIN: GB00B0MT3Y97
b)	Nature of the transaction	Exercise of options
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		1.  1p per ordinary share 2.  1p per ordinary share	1.  3,000 2.  29,203
d)	Aggregated information - Aggregated volume - Price	N/a (Single transaction) 1.  £3.00 2.  £292.03
e)	Date of the transaction	10 February 2022
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	1,2.  Ian Mattioli 3.  Michael Wright 4.  Nathan Imlach 5.  Simon Gibson
2	Reason for the notification
a)	Position/status	1,2.  PDMR, Chief Executive Officer 3.  PDMR, Group Managing Director 4.  PDMR, Chief Strategic Advisor 5.  PDMR, Chief Investment Officer
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	Ordinary Shares of 1 pence each ISIN: GB00B0MT3Y97
b)	Nature of the transaction	Sale of shares
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		1.  800p per ordinary share 2.  800p per ordinary share 3.  800p per ordinary share 4.  800p per ordinary share 5.  800p per ordinary share	1.  185,756 2.  230,000 3.  1,418 4.  29,203 5.  10,493
d)	Aggregated information - Aggregated volume - Price	N/a (Single transaction) 1.  £1,486,048.00 2.  £1,840,000.00 3.  £11,344.00 4.  £233,624.00 5.  £83,944.00
e)	Date of the transaction	1,3,4,5.  10 February 2022 2.  11 February 2022
f)	Place of the transaction	London Stock Exchange, AIM

- Ends -

For further information please contact:

Mattioli Woods plc
Ravi Tara, Chief Financial Officer		Tel: [phone]
		www.mattioliwoods.com
Canaccord Genuity Limited (Nominated Adviser and Joint Broker)
Adam James	Tel: [phone]
Thomas Diehl	www.canaccordgenuity.com
Singer Capital Markets (Joint Broker)
Justin McKeegan	Tel: [phone]
Tom Salvesen	www.singercm.com
Alaina Wong

 

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