Grants under LTIP and Director/PDMR shareholding

RNS Number : 2499F

Mattioli Woods PLC

26 October 2018

 

26 October 2018

Mattioli Woods plc

("Mattioli Woods" or "the Company")

Grants of Options under Long Term Incentive Plan

Notification of Transactions of Directors/PDMRs

As required by Article 19.3 of Regulation (EU) No. 596/2014 on market abuse, Mattioli Woods (AIM: MTW.L), the specialist wealth management and employee benefits business, announces that on 25 October 2018, the Remuneration Committee of Mattioli Woods approved conditional share awards under the Mattioli Woods 2010 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 the following awards of Nominal Cost Options ("the LTIP Awards") to the Company's executive directors and other persons discharging managerial responsibilities ("PDMRs"):

Name	Maximum number of Nominal Cost Options under the LTIP Awards	Interest in Nominal Cost Options at 25 October 2018	Total interest in Nominal Cost Options following LTIP Awards
Ian Mattioli	62,176	209,676	271,852
Nathan Imlach	29,203	101,964	131,167
Murray Smith	28,114	89,350	117,464
Mark Smith	14,921	85,864	100,785
Sara Andrews	14,921	12,994	27,915
Simon Gibson	19,895	9,844	29,739

The executive directors and PDMRs hold 171,752 of unexercised LTIP Nominal Cost Options which are capable of being exercised. 

The LTIP Awards are subject to the achievement of corporate profitability performance targets measured over a three year performance period ending on 31 May 2021.  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 year ending 31 May 2021, expected to be in September 2021.

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.   Nathan Imlach 3.   Murray Smith 4.   Mark Smith 5.   Sara Andrews 6.   Simon Gibson
2	Reason for the notification
a)	Position/status	1.  Executive director and PDMR, Chief Executive Officer 2.  Executive director and PDMR, Chief Financial Officer 3.  Executive director and PDMR, Group Managing Director 4.  PDMR, Chief Operating Officer 5.  PDMR, Chief Business Officer 6.  PDMR, Chief Investment 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	Issue of Options
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Exercise price as follows: 1.         1p per Ordinary Share 2.         1p per Ordinary Share 3.         1p per Ordinary Share 4.         1p per Ordinary Share 5.         1p per Ordinary Share 6.         1p per Ordinary Share	1.   62,176 2.   29,203 3.   28,114 4.   14,921 5.   14,921 6.   19,895
d)	Aggregated information - Aggregated volume - Price	N/a (Single transaction)
e)	Date of the transaction	1.  25 October 2018 2.  25 October 2018 3.  25 October 2018 4.  25 October 2018 5.  25 October 2018 6.  25 October 2018
f)	Place of the transaction	Outside of a trading venue

- 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	Tel: [phone]
David Tyrrell	www.canaccordgenuity.com
Emma Gabriel

 

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