Director/PDMR Shareholding

RNS Number : 1407V

Mattioli Woods PLC

31 October 2017

 

31 October 2017

Mattioli Woods plc

("Mattioli Woods" or "the Company")

Notification of Transaction of Director/PDMR

Mattioli Woods (AIM: MTW.L), the specialist wealth management and employee benefits business, announces the settlement of conditional cash awards granted on 16 September 2014 under the Mattioli Woods 2010 Long Term Incentive Plan ("the LTIP") to Ian Mattioli (Chief Executive Officer of the Company).  Ian Mattioli is considered a person discharging managerial responsibilities ("PDMR"). 

Settlement of conditional cash awards

Conditional cash awards ("Cash Awards") grant participating employees a conditional right to be paid a cash amount based on the proceeds of the sale of a specified number of ordinary shares of 1 pence each in the Company ("Ordinary Shares") following the vesting of the award.  The Company has varied the terms of the Cash Awards to allow them to be settled in cash at a cost of £8.344 per award (representing the closing ex-dividend bid-price of an Ordinary Share on 26 October 2017 plus the final dividend approved for the year ended 31 May 2017 of 9.4 pence per Ordinary Share).  

Ian Mattioli's total interests in Cash Awards following settlement of these awards is:

Name	Total Interest in Cash Awards Before Settlement	Cash Awards settled on 31 October 2017	Total Interest in Cash Awards  following Settlement
Ian Mattioli	69,380	69,380	-

In addition, Ian Mattioli holds the following options with an exercise price of 1 pence ("Nominal Cost Options") over ("Ordinary Shares"):

Name	Total interest in Nominal Cost Options following LTIP Awards
Ian Mattioli	209,676

PDMR dealing

The Company announces that it has received the following notification of dealings in Cash Awards from Ian Mattioli.  The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation No 596/2014. 

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Ian Mattioli
2	Reason for the notification
a)	Position/status	PDMR, Chief Executive Officer
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	Cash LTIP awards ISIN: GB00B0MT3Y97
b)	Nature of the transaction	Exercise of cash settled LTIP awards
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		N/a	69,380
d)	Aggregated information - Aggregated volume - Price	N/a (Single transaction)
e)	Date of the transaction	31 October 2017
f)	Place of the transaction	Outside of a trading market

- 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

 

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