Director/PDMR Shareholding

RNS Number : 5308Y

Mattioli Woods PLC

03 March 2017

 

3 March 2017

Mattioli Woods plc

("Mattioli Woods" or "the Company")

Notification of Transactions of Directors/PMDRs

Mattioli Woods (AIM: MTW.L), the specialist wealth management and employee benefits business, has been notified of the settlement of conditional cash awards granted on 5 September 2013 under the Mattioli Woods 2010 Long Term Incentive Plan ("the LTIP") to Ian Mattioli (Chief Executive Officer of the Company) and Bob Woods (Founder Director of the Company).  Ian Mattioli and Bob Woods are considered to be persons discharging managerial responsibilities ("PDMRs"). 

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 £7.50 per award (representing a discount of 2.3% on the closing mid-price of an Ordinary Share on 2 March 2017).  

Ian Mattioli and Bob Woods' total interests in Cash Awards following settlement of these awards is:

Name	Total Interest in Cash Awards Before Settlement	Cash Awards settled on 3 March 2017	Total Interest in Cash Awards  following Settlement
Ian Mattioli	155,086	85,706	69,380
Bob Woods	111,564	62,443	49,121

In addition, Ian Mattioli and Bob Woods hold 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	148,149
Bob Woods	49,243

PDMR dealing

The Company announces that it has received the following notification of dealings in [Ordinary Shares] from Ian Mattioli.  The notifications set out below are 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	1.   Ian Mattioli 2.   Bob Woods
2	Reason for the notification
a)	Position/status	1.  PDMR, Chief Financial Officer 2.  PDMR, Founder Director
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	1.   85,706 2.   62,443
d)	Aggregated information - Aggregated volume - Price	N/a (Single transaction)
e)	Date of the transaction	1.   3 March 2017 2.   3 March 2017
f)	Place of the transaction	Outside of a trading market

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.  Upon publication of this announcement, this information is now considered to be in the public domain. 

- 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
Kit Stephenson, Corporate Broking

 

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