RNS Number : 5748I
Tandem Group PLC
27 March 2024

Tandem Group plc

(the "Company")

Grant of Share Options

The Company announces that Peter Kimberley, Chief Executive Officer of the Company and David Rock, Company Secretary and a PDMR of the Company, have been granted 9,500 and 12,000 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.

In addition, Gurvinder Kaur, a PDMR of the Company, has also been granted 12,000 options (together, the "Options") 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 202.0 pence per ordinary share, being the closing midmarket price per ordinary share on 26 March 2024. The Options are exercisable between 1 January 2027 and 26 March 2034, after which the Options will lapse.

A further 52,000 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 0121 748 8075

Nominated Adviser

Cenkos Capital Markets Limited (Nominated Adviser and Broker)

Ben Jeynes / Dan Hodkinson - Corporate Finance

Michael Johnson / Russell Kerr - Sales

Telephone 020 7397 8900

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


2019 Employee Share Option Scheme

9,500

202.00p

26 March 2034

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


2019 Employee Share Option Scheme

12,000

202.00p

26 March 2034

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 202 pence per ordinary share

c.

Price(s) and volume(s)


Price(s)

Volume(s)

202p

9,950


d.

Aggregated information

- Aggregated Volume

- Price

N/A - single transactions

e.

Date of the transaction

27 March 2024

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 202 pence per ordinary share

c.

Price(s) and volume(s)


Price(s)

Volume(s)

202p

12,000


d.

Aggregated information

- Aggregated Volume

- Price

N/A - single transactions

e.

Date of the transaction

27 March 2024

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

Gurvinder Kaur

2

Reason for notification

a.

Position/Status

PDMR

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 202 pence per ordinary share

c.

Price(s) and volume(s)


Price(s)

Volume(s)

202p

12,000


d.

Aggregated information

- Aggregated Volume

- Price

N/A - single transactions

e.

Date of the transaction

27 March 2024

f.

Place of the transaction

Outside of a trading venue

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
DSHBLGDXXXDDGSR