Exercise of options and PDMR dealing

RNS Number : 6808Y

Mattioli Woods PLC

11 September 2020

 

11 September 2020

Mattioli Woods plc

("Mattioli Woods" or "the Company")

Exercise of Options

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

Mattioli Woods (AIM: MTW.L), the specialist wealth management and employee benefits business, announces that on 9 September 2020, 189,031 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 employees and PDMRs.  As such 189,031 Ordinary Shares have been issued by the Company.

Application has been made to the London Stock Exchange for admission of the 189,031 new Ordinary Shares to trading on AIM and dealings are expected to commence on 16 September 2020 ("Admission").  Following Admission, the Company will have a total of 28,007,027 Ordinary Shares in issue with voting rights.  The Company does not hold any Ordinary Shares in treasury.  This figure may be used by shareholders 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 Company.

The transactions by PDMRs were as follows:

Director/PDMR	Total Interest in Nominal Cost Options before exercise	Date of option exercise	Nominal Cost Options exercised	Total Interest in Nominal Cost Options following exercise
Michael Wright	43,546	9-Sept-2020	5,546	38,000
Nathan Imlach	113,943	9-Sept-2020	64,740	49,203
Simon Gibson	47,239	9-Sept-2020	9,844	37,395

Following the exercise of the options, on 9 September 2020 Michael Wright, Nathan Imlach and Simon Gibson sold 2,624, 64,740 and 9,844 Ordinary Shares respectively at a price of 670 pence per share. 

Their resultant interests in the Company are:

Director/ PDMR	Date of transaction	Number of shares purchased	Purchase price	Number of shares sold	Sale price	Total shares held	Percentage of issued share capital
Michael Wright	9-Sept-2020	5,546	1p	2,624	670p	8,941	0.03%
Nathan Imlach	9-Sept-2020	64,740	1p	64,740	670p	112,906	0.40%
Simon Gibson	9-Sept-2020	9,844	1p	9,844	670p	125,769	0.45%

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.  Michael Wright 2.  Nathan Imlach 3.  Simon Gibson
2	Reason for the notification
a)	Position/status	1.  PDMR, Group Managing Director 2.  PDMR, Chief Financial Officer 3.  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	Options over ordinary shares 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 3.  1p per Ordinary Share	1.  5,546 2.  64,740 3.  9,844
d)	Aggregated information - Aggregated volume - Price	N/a (Single transaction)
e)	Date of the transaction	1.  9 September 2020 2.  9 September 2020 3.  9 September 2020
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	1.  Michael Wright 2.  Nathan Imlach 3.  Simon Gibson
2	Reason for the notification
a)	Position/status	1.  PDMR, Group Managing Director 2.  PDMR, Chief Financial Officer 3.  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	Sale of ordinary shares
	Price(s) and volume(s)	Price(s)	Volume(s)
		1.  670p per Ordinary Share 2.  670p per Ordinary Share 3.  670p per Ordinary Share	1.  5,546 2.  64,740 3.  9,844
d)	Aggregated information - Aggregated volume - Price	N/a (Single transaction)
e)	Date of the transaction	1.  9 September 2020 2.  9 September 2020 3.  9 September 2020
f)	Place of the transaction	London Stock Exchange, AIM

- Ends -

For further information please contact:

Mattioli Woods plc
Nathan Imlach, Chief Financial Officer	Tel: [phone]
Ravi Tara, Group Finance Director	www.mattioli-woods.com

Canaccord Genuity Limited
David Tyrrell	Tel: [phone]
Emma Gabriel	www.canaccordgenuity.com
Thomas Diehl

 

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