Grants under Long Term Incentive Plan

RNS Number : 9876X

Mattioli Woods PLC

27 February 2017

 

27 February 2017

Mattioli Woods plc

("Mattioli Woods" or "the Company")

Grants under Long Term Incentive Plan

Mattioli Woods (AIM: MTW.L), the specialist wealth management and employee benefits business, announces that on 27 February 2017 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 today granted the following awards of Nominal Cost Options to the Company's executive directors ("the LTIP Awards"):

Name	Maximum number of Nominal Cost Options under the LTIP Awards	Interest in Nominal Cost Options at 31 May 2016	Total interest in Nominal Cost Options following LTIP Awards
Ian Mattioli	76,313	71,836	148,149
Nathan Imlach	35,842	134,602	170,444
Murray Smith	30,183	121,024	151,207
Mark Smith	30,183	107,664	137,847
Alan Fergusson	25,273	26,247	51,520

The executive directors hold 140,802 of unexercised LTIP Nominal Cost Options which are capable of being exercised. 

A further 67 employees and senior managers employed by the Company and its subsidiaries have been granted conditional awards of Nominal Cost Options over a total of 96,546 Ordinary Shares.  

The LTIP Awards are subject to the achievement of corporate profitability performance targets measured over a three year performance period ending on 31 May 2019.  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 year ending 31 May 2019, expected to be in September 2019.

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

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.   Murray Smith 4.   Mark Smith 5.   Alan Fergusson
2	Reason for the notification
a)	Position/status	1.  PDMR, Chief Executive Officer 2.  PDMR, Chief Financial Officer 3.  PDMR, Group Managing Director 4.  PDMR, Chief Operating Officer 5.  PDMR, Managing Director - Employee Benefits
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)
		1.  1p per Ordinary Share 2.  1p per Ordinary Share 3.  1p per Ordinary Share 4.  1p per Ordinary Share 5.  1p per Ordinary Share	1.  76,313 2.  35,842 3.  30,183 4.  30,183 5.  25,273
d)	Aggregated information - Aggregated volume - Price	N/a (Single transaction)
e)	Date of the transaction	1.   27 February 2017 2.   27 February 2017 3.   27 February 2017 4.   27 February 2017 5.   27 February 2017
f)	Place of the transaction	Outside of a trading venue

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

- 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, Investment Banking	Tel: [phone]
Andrew Buchanan, Corporate Broking	www.canaccordgenuity.com
Kit Stephenson, Corporate Broking

 

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