Director/PDMR Shareholding

RNS Number : 6945W
Mattioli Woods PLC
24 December 2021
 

 

 

24 December 2021

 

Mattioli Woods plc

 

("Mattioli Woods" or "the Company")

 

Grant of Options under Long Term Incentive Plan and

Notification of Transactions of Persons Discharging Managerial Responsibilities ("PDMRs")

 

As required by Article 19.3 of Regulation (EU) No. 596/2014 on market abuse, Mattioli Woods (AIM: MTW.L), the specialist wealth and asset management business, announces that on 22 December 2021 the Remuneration Committee of Mattioli Woods approved the grant of 488,000 conditional share awards under the Mattioli Woods 2021 Long Term Incentive Plan ("the LTIP").  The awards grant participating employees a conditional right to become entitled to options with an exercise price of 1 pence ("Nominal Cost Options") over ordinary shares of 1 pence each in the Company ("Ordinary Shares").

 

The Company has granted awards of Nominal Cost Options ("the LTIP Awards") to the Company's executive directors and other persons discharging managerial responsibilities ("PDMRs").  The LTIP Awards are subject to the achievement of corporate profitability performance targets measured over either a five year performance period ending on 31 May 2026 ("Tranche A"), or a three year performance period ending on 31 May 2024 ("Tranche B") as follows:

 

Name

Interest in Nominal Cost Options prior to the LTIP Awards

Maximum number of Nominal Cost Options granted under Tranche A

Maximum number of Nominal Cost Options granted under Tranche B

Interest in Nominal Cost Options following the LTIP Awards

Ian Mattioli

240,016

-

120,000

360,016

Ravi Tara

7,500

-

40,000

47,500

Michael Wright

38,000

-

45,000

83,000

Iain McKenzie

17,500

-

30,000

47,500

Nathan Imlach

49,203

-

50,000

99,203

Simon Gibson

37,395

-

10,000

47,395

George Houston

17,500

-

14,300

31,800

Helen Lovegrove

10,800

7,000

300

18,100

Ashana Lindo

14,500

7,000

300

21,800

 

The amounts shown above represent the maximum possible opportunity.  The LTIP Awards will normally vest following the publication of the Group's audited results for the last financial year of the relevant performance period.   

 

The executive directors and PDMRs hold 756,314 of unexercised LTIP Nominal Cost Options, of which 274,614 are capable of being exercised.

 

As a result of this grant, the total number of options in issue is 1,360,205, equivalent to 2.7 percent of the current issued share capital of the Company.

 

The above information is provided by the Company in accordance with its obligations under the FCA's Disclosure and Transparency Rules. 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

The information set out below is provided in accordance with the requirements of Article 19(3) 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.  Ravi Tara

3.  Michael Wright

4.  Iain McKenzie

5.  Nathan Imlach

6.  Simon Gibson

7.  George Houston

8.   Helen Lovegrove

9.  Ashana Lindo

 

 

2

Reason for the notification

a)

Position/status

 

1.  PDMR, Chief Executive Officer

2.  PDMR, Chief Financial Officer

3.  PDMR, Group Managing Director

4.  PDMR, Group Operating Officer

5.  PDMR, Chief Strategic Adviser

6.  PDMR, Chief Investment Officer

7.  PDMR, SMF 16 Compliance Oversight

8.   PDMR, Group Administration Officer

9.  PDMR, Group Consultancy 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

 

Options over ordinary shares

 

 

ISIN: GB00B0MT3Y97

 

b)

 

Nature of the transaction

 

Issue of options over ordinary shares

c)

 

Price(s) and volume(s)

 

 

 Price(s)

 

  Volume(s)

1.  1p per ordinary shares

2.  1p per ordinary shares

3.  1p per ordinary shares

4.  1p per ordinary shares

5.  1p per ordinary shares

6.  1p per ordinary shares

7.    1p per ordinary shares

8.  1p per ordinary shares

9.    1p per ordinary shares

 

1.  120,000

2.  40,000

3.  45,000

4.  30,000

5.  50,000

6.  10,000

7.   14,300

8.  7,300

9.   7,300

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/a (Single transaction)

 

1.  £1200.00

2.  £400.00

3.  £450.00

4.  £300.00

5.  £500.00

6.  £100.00

7.  £143.00

8.  £73.00

9.  £73.00

 

e)

 

Date of the transaction

 

1.  22 December 2021

2.   22 December 2021

3.   22 December 2021

4.   22 December 2021

5.   22 December 2021

6.  22 December 2021

7.  22 December 2021

8.  22 December 2021

9.  22 December 2021

 

f)

 

Place of the transaction

 

Outside of a trading venue

 

- Ends -

 

For further information please contact:

Mattioli Woods plc

 

Ravi Tara, Chief Financial Officer

Tel: +44 (0) 116 240 8700

 

www.mattioliwoods.com

Canaccord Genuity Limited (Nominated Adviser and Joint Broker)

 

Adam James

Tel: +44 (0) 20 7523 8000

Thomas Diehl

www.canaccordgenuity.com

 

 

N+1 Singer (Joint Broker)

 

Justin McKeegan

Tel: +44 (0) 20 7496 3000

Tom Salvesen

www.n1singer.com

 

 

     

 

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