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 0121 748 8075
Nominated Adviser
Cenkos Securities plc (Nominated Adviser and Broker)
Ben Jeynes / Dan Hodkinson - Corporate Finance
Michael Johnson / Russell Kerr - Sales
Telephone 020 7397 8900
| 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 | 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) | |
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| d. | Aggregated information - Aggregated Volume - Price | 1. N/A - single transaction 2. N/A - single transaction
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| e. | Date of the transaction | 1. 6 April 2022 2. 5 April 2022
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| 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 | Ordinary Shares of 25p each
ISIN: GB00B460T373 | |||||
| b. | Nature of the transaction | 1. Exercise of share options
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| c. | Price(s) and volume(s) | |
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| d. | Aggregated information - Aggregated Volume - Price | 1. N/A - single transaction
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| e. | Date of the transaction | 1. 6 April 2022
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| f. | Place of the transaction | 1. Outside of a trading venue | |||||
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