Grants of Options and PDMR Notification

RNS Number : 5754O

Mattioli Woods PLC

02 June 2020

 

2 June 2020

Mattioli Woods plc

("Mattioli Woods" or "the Company")

Grants of Options under Long Term Incentive Plan and

Notification of Transactions of Directors/PDMRs

Mattioli Woods (AIM: MTW.L), the specialist wealth management and employee benefits business, announces that on 1 June 2020 the Remuneration Committee of Mattioli Woods approved conditional share awards under the Mattioli Woods 2010 Long Term Incentive Plan ("the LTIP").  The awards grant participating employees a conditional right to become entitled to options with an exercise price of 1 pence ("Nominal Cost Options") over ordinary shares of 1 pence each in the Company ("Ordinary Shares"). 

The Company has granted awards of Nominal Cost Options ("the LTIP Awards") to the Company's executive directors and other persons discharging managerial responsibilities ("PDMRs").  The LTIP Awards are subject to the achievement of corporate profitability performance targets measured over either a three year performance period ending on 31 May 2022 ("Tranche A"), a five year performance period ending on 31 May 2025 ("Tranche B"); or a three year performance period ending on 31 May 2023 ("Tranche C") as follows:

Name	Maximum number of Nominal Cost Options under Tranche A	Maximum number of Nominal Cost Options under Tranche B	Maximum number of Nominal Cost Options under Tranche C	Interest in Nominal Cost Options at 29 May 2020	Total interest in Nominal Cost Options following the LTIP Awards
Ian Mattioli	30,000	-	10,000	200,016	240,016
Nathan Imlach	10,000	-	10,000	93,943	113,943
Michael Wright	20,000	10,000	5,000	8,546	43,546
Simon Gibson	10,000	-	7,500	29,739	47,239
George Houston	10,000	5,000	2,500	1,000	18,500
Iain McKenzie	10,000	5,000	2,500	-	17,500
Ravi Tara	-	5,000	2,500	-	7,500
Ashana Lindo	7,500	4,000	2,000	1,000	14,500
Helen Lovegrove	6,150	3,100	1,550	-	10,800

The amounts shown above represent the maximum possible opportunity.  The LTIP Awards will normally vest following the publication of the Group's audited results for the last financial year of the relevant performance period.  

The executive directors and PDMRs hold 117,401 of unexercised LTIP Nominal Cost Options which are capable of being exercised. 

As a result of this grant, the total number of options in issue is 1,145,304, equivalent to 4.3 per cent. of the current issued share capital of the Company. 

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.  Ian Mattioli 2.  Nathan Imlach 3.  Michael Wright 4.  Simon Gibson 5.  George Houston 6.  Iain McKenzie 7.  Ravi Tara 8.  Ashana Lindo 9.  Helen Lovegrove
2	Reason for the notification
a)	Position/status	1.  Executive director and PDMR, Chief Executive Officer 2.  Executive director and PDMR, Chief Financial Officer 3.  PDMR, Group Managing Director 4.  PDMR, Chief Investment Officer 5.  PDMR, Group Compliance Officer 6.  PDMR, Group Operating Officer 7.  PDMR, Group Finance Director 8.  PDMR, Group Consultancy Officer 9.  PDMR, Group Administration 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	Issue of Options
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Exercise price as follows: 1.  1 p per Ordinary Share 2.  1 p per Ordinary Share 3.  1 p per Ordinary Share 4.  1 p per Ordinary Share 5.  1 p per Ordinary Share 6.  1 p per Ordinary Share 7.  1 p per Ordinary Share 8.  1 p per Ordinary Share 9.  1 p per Ordinary Share	1.  40,000 2.  20,000 3.  35,000 4.  17,500 5.  17,500 6.  17,500 7.  7,500 8.  13,500 9.  10,800
d)	Aggregated information - Aggregated volume - Price	N/a (Single transaction)
e)	Date of the transaction	1.  1 June 2020 2.  1 June 2020 3.  1 June 2020 4.  1 June 2020 5.  1 June 2020 6.  1 June 2020 7.  1 June 2020 8.  1 June 2020 9.  1 June 2020
f)	Place of the transaction	Outside of a trading venue

- Ends -

For further information please contact:

Mattioli Woods plc
Nathan Imlach, Chief Financial Officer	Tel: [phone]
	www.mattioli-woods.com

Canaccord Genuity Limited
Sunil Duggal
David Tyrrell	Tel: [phone]
Tom Diehl	www.canaccordgenuity.com

 

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