Director Dealing and Total Voting Rights

RNS Number : 5410H

Tandem Group PLC

06 April 2022

 

6 April 2022

  Tandem Group plc

(the "Company" or "Group")

Director Dealing and Total Voting Rights

The Company has been informed today that the following Directors have exercised options to subscribe for new ordinary shares in the Company ("Ordinary Shares") as follows:  

Director	Option Scheme	Number of options exercised	Option exercise price per share	Expiry date
Jim Shears	2019 EMI Share Option Scheme	8,228	190.0	24 May 2029
Phil Ratcliffe	2007 EMI Share Option Scheme	4,665	127.5	20 April 2026

The Options Exercise will be satisfied from existing Ordinary Shares held in treasury. As a result, the Company continues to have a total of 6,013,480 Ordinary Shares in issue, each carrying the right to one vote, with 706,471 Ordinary Shares held in treasury. The total number of voting rights in the Company is therefore 5,307,009.  

The above figure of 5,307,009 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

In addition to the Option Exercise, Mr Shears has disposed of a total of 3,950 Ordinary Shares at a price of 381.5 pence per Ordinary Share in order to meet option exercise costs.

As a result of the transactions described above, Mr Shears' interest in the Company's Ordinary Shares has increased to 250,000 Ordinary Shares, representing approximately 4.7% of the Company's issued ordinary share capital, and Mr Ratcliffe's interest in the Company's Ordinary Shares has increased to 127,500 Ordinary Shares, representing approximately 2.4% of the Company's issued ordinary share capital.

The notification set out below, made in accordance with the requirements of Article 19 of the Market Abuse Regulation, provides further details of such dealings.

Enquiries:

Tandem Group plc

Jim Shears, CEO

David Rock, Company Secretary

Telephone [phone]

Nominated Adviser

Cenkos Securities plc (Nominated Adviser and Broker)

Ben Jeynes / Dan Hodkinson - Corporate Finance

Michael Johnson / Russell Kerr - Sales

Telephone [phone]

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1	Details of the person discharging managerial responsibilities/person closely associated
a.	Name	Jim Shears
2	Reason for notification
a.	Position/Status	CEO
b.	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Tandem Group plc
b.	LEI	213800WKK3A6NMOB6788
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 25p each ISIN:   GB00B460T373
b.	Nature of the transaction	1.  Exercise of share options 2.  Disposal of ordinary shares
c.	Price(s) and volume(s)		Price(s) Volume(s) 1.  190.0p 2.  381.5p 8,228 3,950
d.	Aggregated information - Aggregated Volume - Price	1. N/A - single transaction 2. N/A - single transaction
e.	Date of the transaction	1.  6 April 2022 2.  5 April 2022
f.	Place of the transaction	1.  Outside of a trading venue  2.  AIMX

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1	Details of the person discharging managerial responsibilities/person closely associated
a.	Name	Phil Ratcliffe
2	Reason for notification
a.	Position/Status	Commercial Director
b.	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Tandem Group plc
b.	LEI	213800WKK3A6NMOB6788
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 25p each ISIN:   GB00B460T373
b.	Nature of the transaction	1.  Exercise of share options
c.	Price(s) and volume(s)		Price(s) Volume(s) 1.  127.5p 4,665
d.	Aggregated information - Aggregated Volume - Price	1. N/A - single transaction
e.	Date of the transaction	1.  6 April 2022
f.	Place of the transaction	1.  Outside of a trading venue

 

END

 

 

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