Grant of Share Options

RNS Number : 9881W
Tandem Group PLC
29 April 2021
 

Tandem Group plc

(the "Company")

 

Grant of Share Options

 

The Company announces that Jim Shears and Phil Ratcliffe, Directors of the Company, have been granted 24,000 and 13,000 options ("Options") respectively over ordinary shares of 25 pence each in the share capital of the Company ("Ordinary Shares") under the 2019 Employee Share Option Scheme.

 

The Options have an exercise price of 665.00 pence per ordinary share, being the closing midmarket price per ordinary share on 28 April 2021. The Options are exercisable between 1 January 2024 and 28 April 2031, after which the Options will lapse. The exercise of the Options

is conditional on certain performance criteria being met.

 

A further 40,000 options have been granted to other employees under the 2019 Employee Share Option Scheme.

 

Following the above transactions, the Directors have options over Ordinary Shares as follows:

 

Director

Option Scheme

Number of options

Option exercise price per share

Expiry date

Steve Grant

2019 Employee Share Option Scheme

50,000

190.00p

24 May 2029


2007 Employee Share Option Scheme

75,000

127.50p

20 April 2026

Jim Shears

2019 Employee Share Option Scheme

24,000

665.00p

28 April 2031


2019 Employee Share Option Scheme

44,278

190.00p

24 May 2029

Phil Ratcliffe

2019 Employee Share Option Scheme

13,000

665.00p

28 April 2031


2019 Employee Share Option Scheme

45,000

190.00p

24 May 2029


2007 Employee Share Option Scheme

58,897

127.50p

20 April 2026

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Jim Shears

2

Reason for notification

 

 

 

a.

Position/Status

CEO

b.

Initial notification/

Amendment

Initial Notification

3

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

a.

Name

Tandem Group plc

b.

LEI

N/A

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

Options over ordinary Shares of 25p each

ISIN: GB00B460T373


b.

Nature of the transaction

Grant of options

c.

Price(s) and volume(s)


 

 

Price(s)

Volume(s)

665p

24,000

 

 

 


 

 

d.

Aggregated information

 

- Aggregated Volume

 

- Price

 

 

 

24,000

 

665p

e.

Date of the transaction

28 April 2021

f.

Place of the transaction

(London) AIM

 

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Philip Ratcliffe

2

Reason for notification

 

 

 

a.

Position/Status

Commercial Director

b.

Initial notification/

Amendment

Initial Notification

3

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

a.

Name

Tandem Group plc

b.

LEI

N/A

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

Options over ordinary Shares of 25p each

ISIN: GB00B460T373


b.

Nature of the transaction

Grant of options

c.

Price(s) and volume(s)


 

 

Price(s)

Volume(s)

665p

13,000

 

 

 


 

 

d.

Aggregated information

 

- Aggregated Volume

 

- Price

 

 

 

13,000

 

665p

e.

Date of the transaction

28 April 2021

f.

Place of the transaction

(London) AIM

 

 

 

This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company take responsibility for this announcement.

 

Enquiries:

 

Tandem Group plc

Jim Shears, Chief Executive Officer

David Rock, Company Secretary

Telephone 0121 748 8075

 

Nominated Adviser

Cairn Financial Advisers LLP

James Caithie

Sandy Jamieson

Telephone 020 7213 0880

 

29 April 2021

 

Forward-Looking Statements

 

Certain statements made in this announcement are forward-looking statements. These forward-looking statements are not historical facts but rather are based on the Company's current expectations, estimates, and projections about its industry; its beliefs; and assumptions. Words such as 'anticipates,' 'expects,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond the Company's control, are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. The Company cautions security holders and prospective security holders not to place undue reliance on these forward-looking statements, which reflect the view of the Company only as of the date of this announcement. The forward-looking statements made in this announcement relate only to events as of the date on which the statements are made. The Company will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances, or unanticipated events occurring after the date of this announcement except as required by law or by any appropriate regulatory authority.

 

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