Exercise of Options

RNS Number : 6548H

Tandem Group PLC

01 June 2011

 



Tandem Group plc

(the "Company")

Exercise of options

The Company was informed today that Mervyn Keene, a Director of the Company, has exercised 16,000 options under the 1996 Approved Share Option Scheme, at an exercise price of 62.50 pence per ordinary share of 25 pence each ("Ordinary Share") in the Company. The exercise of options will be satisfied by Ordinary Shares held by the Company in treasury.

Following the exercise of these options, Mervyn Keene is beneficially interested in 216,360 Ordinary Shares, representing 4.6 per cent of the Ordinary Shares in issue. In addition, Mr Keene has the following options over Ordinary Shares:

Director	Option Scheme	Number of options	Option exercise price	Expiry date
Mervyn Keene	1996 Approved Share Option Scheme	15,200	71.88p	1 May 2013
	2007 Employee Share Option Scheme	86,400	78.91p	14 June 2020

Following the exercise of these options, the Company has 4,666,500 Ordinary Shares in issue and 1,346,980 Ordinary Shares in treasury. 

Enquiries:

Tandem Group plc

Jim Shears

Group Finance Director and Company Secretary

Telephone [phone]

Nominated Adviser

Cairn Financial Advisers LLP

Tony Rawlinson

Telephone [phone]

 

END

 

 

MSCSSSSUFFFSEIM