Grant of share options

RNS Number : 5248U

Tandem Group PLC

28 March 2023

 

Tandem Group plc

(the "Company")

Grant of Share Options

The Company announces that Peter Kimberley, Phil Ratcliffe and David Rock, Officers of the Company, have been granted 45,000, 2,500 and 10,000 options ("Options") respectively over ordinary shares of 25 pence each in the share capital of the Company ("Ordinary Shares") under the 2019 Employee Share Option Scheme.

The Options have an exercise price of 240.00 pence per ordinary share, being the closing midmarket price per ordinary share on 27 March 2023. The Options are exercisable between 1 January 2026 and 27 March 2033, after which the Options will lapse. The exercise of the Options is conditional on certain performance criteria being met.

A further 57,500 options have been granted to other employees under the 2019 Employee Share Option Scheme.

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

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]

Following the above transactions, the Officers have options over Ordinary Shares as follows:

Director	Option Scheme	Number of options	Option exercise price per share	Expiry date
Peter Kimberley	2019 Employee Share Option Scheme	37,500	325.00p	18 May 2032
	2019 Employee Share Option Scheme	45,000	240.00p	27 March 2033
Phil Ratcliffe	2019 Employee Share Option Scheme	13,000	665.00p	28 April 2031
	2019 Employee Share Option Scheme	45,000	190.00p	24 May 2029
	2007 Employee Share Option Scheme	54,232	127.50p	20 April 2026
	2019 Employee Share Option Scheme	2,500	240.00p	27 March 2033
David Rock	2019 Employee Share Option Scheme	10,000	240.00p	27 March 2033

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	Peter Kimberley
2	Reason for notification
a.	Position/Status	Chief Executive Officer
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	Options over ordinary Shares of 25p each ISIN: GB00B460T373
b.	Nature of the transaction	Award of options to subscribe for new ordinary shares at 240 pence per ordinary share
c.	Price(s) and volume(s)		Price(s) Volume(s) 240p 45,000
d.	Aggregated information - Aggregated Volume - Price	N/A - single transactions
e.	Date of the transaction	28 March 2023
f.	Place of the transaction	Outside of a trading venue

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	Philip 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	Options over ordinary Shares of 25p each ISIN: GB00B460T373
b.	Nature of the transaction	Award of options to subscribe for new ordinary shares at 240 pence per ordinary share
c.	Price(s) and volume(s)		Price(s) Volume(s) 240p 2,500
d.	Aggregated information - Aggregated Volume - Price	N/A - single transactions
e.	Date of the transaction	28 March 2023
f.	Place of the transaction	Outside of a trading venue

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	David Rock
2	Reason for notification
a.	Position/Status	Company Secretary
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	Options over ordinary Shares of 25p each ISIN: GB00B460T373
b.	Nature of the transaction	Award of options to subscribe for new ordinary shares at 240 pence per ordinary share
c.	Price(s) and volume(s)		Price(s) Volume(s) 240p 10,000
d.	Aggregated information - Aggregated Volume - Price	N/A - single transactions
e.	Date of the transaction	28 March 2023
f.	Place of the transaction	Outside of a trading venue

This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company take responsibility for this announcement.

 

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