Exercise of Options

RNS Number : 2200A

Mattioli Woods PLC

22 September 2022

 

22 September 2022

Mattioli Woods plc

("Mattioli Woods" or "the Company")

Exercise of Options

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 20 September 2022, 40,000 options with an exercise price of 1 pence ("Nominal Cost Options") were exercised into ordinary shares of 1 pence each in the Company ("Ordinary Shares") under the Mattioli Woods 2010 Long Term Incentive Plan ("LTIP") by PDMRs Ian Mattioli and George Houston.

The transactions by PDMRs were as follows:

Director/PDMR	Interest in Nominal Cost Options prior to the option exercises	Date of option exercise	Nominal Cost Options exercised	Interest in Nominal Cost Options following the option exercises
Ian Mattioli	160,000	20 Sept 2022	30,000	130,000
George Houston	31,800	20 Sept 2022	10,000	21,800

Following this exercise, the executive directors and PDMRs hold 424,300 unexercised LTIP Nominal Cost Options, of which 50,000 are capable of being exercised.

As a result of these exercises, the total number of options in issue is 1,000,369, equivalent to 2.0% of the current issued share capital of the Company.

Ian Mattioli intends to hold the exercised options in full. Their resultant interests in the Company are:

Director/PDMR	Date of transaction	Number of shares purchased	Purchase price	Total shares held	Percentage of issued share capital
Ian Mattioli*	20 Sept 2022	30,000	1p	3,040,979	5.95%
George Houston	20 Sept 2022	10,000	1p	13,292	0.03%

*Ian Mattioli's total interest in Ordinary Shares includes shares held by his spouse and The Ian and Clare Mattioli Charitable Trust under his direction

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.  George Houston
2	Reason for the notification
a)	Position/status	1.  PDMR, Chief Executive Officer 2.  PDMR, Group Compliance 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	Ordinary Shares of 1 pence each ISIN: GB00B0MT3Y97
b)	Nature of the transaction	Exercise of options
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		1.  1p per ordinary share 2.  1p per ordinary share	1.  30,000 2.  10,000
d)	Aggregated information - Aggregated volume - Price	N/a (Single transaction) 1.  £300.00 2.  £100.00
e)	Date of the transaction	20 September 2022
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: [phone]
		www.mattioliwoods.com
Canaccord Genuity Limited (Nominated Adviser and Joint Broker)
Emma Gabriel Thomas Diehl	Tel: [phone] www.canaccordgenuity.com
Singer Capital Markets (Joint Broker)
Justin McKeegan	Tel: [phone]
Tom Salvesen	www.singercm.com
Alaina Wong

 

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