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Tandem Grp PLC (TND)

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Friday 23 April, 2021

Tandem Grp PLC

Exercise of Options and Directors' Shareholdings

RNS Number : 4851W
Tandem Group PLC
23 April 2021
 

Tandem Group plc

("the Company")

Exercise of options and Directors' shareholdings

 

The Company has been informed today that the following Directors have exercised share options in the ordinary shares of 25p each ("Ordinary Share") of the Company on 23 April 2021 as follows:

 

 

Director

 

Option Scheme

Number of options exercised

Option exercise price per share

 

Expiry date

Stephen Grant

2007 EMI Share Option Scheme

27,475

107.00p

14 June 2021

Stephen Grant

2007 EMI Share Option Scheme

22,525

79.00p

29 October 2023

Jim Shears

2007 EMI Share Option Scheme

53,222

127.50p

20 April 2026

The exercise of options will be satisfied by Ordinary Shares held by the Company in treasury.

It is Stephen Grant's intention to subsequently sell a proportion of the Ordinary Shares purchased.  

It is Jim Shears' intention to subsequently sell a proportion but he will retain the majority of the Ordinary Shares purchased.  

Following the exercise of these options and share purchases, the Company has 5,231,516 Ordinary Shares in issue and 781,964 Ordinary Shares in treasury and the Directors are beneficially interested in Ordinary Shares as follows:    

Director

Number of shares

Percentage of voting rights

Stephen Grant

260,000

4.97%

Jim Shears

245,722

4.70%

 



 

 

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

Stephen Grant

2

Reason for notification

 

 

 

a.

Position/Status

Chairman

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

Exercise of options

c.

Price(s) and volume(s)


 

 

Price(s)

Volume(s)

107.00p

27,475

79.00p

22,525

 

 

 


 

 

d.

Aggregated information

 

- Aggregated Volume

 

- Price

 

 

 

50,000

 

£47,193

e.

Date of the transaction

23 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

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

Exercise of options

c.

Price(s) and volume(s)


 

 

Price(s)

Volume(s)

127.50p

53,222

 

 

 


 

 

d.

Aggregated information

 

- Aggregated Volume

 

- Price

 

 

 

53,222

 

£67,858

e.

Date of the transaction

23 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 are responsible for the release of 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

 

23 April 2021

 

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