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 | Options over ordinary Shares of 25p each | |||||||
| b. | Nature of the transaction | Exercise of options | |||||||
| c. | Price(s) and volume(s) | |
| ||||||
| | |||||||||
|
| |||||||||
| 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 | Options over ordinary Shares of 25p each | |||||
| b. | Nature of the transaction | Exercise of options | |||||
| c. | Price(s) and volume(s) | |
| ||||
| | |||||||
|
| |||||||
| 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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