Mattioli Woods PLC Grants under Long Term Incentive Plan (9876X)
28 February 2017 - 4:58AM
UK Regulatory
TIDMMTW
RNS Number : 9876X
Mattioli Woods PLC
27 February 2017
27 February 2017
Mattioli Woods plc
("Mattioli Woods" or "the Company")
Grants under Long Term Incentive Plan
Mattioli Woods (AIM: MTW.L), the specialist wealth management
and employee benefits business, announces that on 27 February 2017
the Remuneration Committee of Mattioli Woods approved conditional
share awards under the Mattioli Woods 2010 Long Term Incentive Plan
("the LTIP"). The awards grant participating employees a
conditional right to become entitled to options with an exercise
price of 1 pence ("Nominal Cost Options") over ordinary shares of 1
pence each in the Company ("Ordinary Shares").
The Company has today granted the following awards of Nominal
Cost Options to the Company's executive directors ("the LTIP
Awards"):
Total interest
Maximum number Interest in in
of Nominal Cost Nominal Cost Nominal Cost
Options under Options at 31 Options following
Name the LTIP Awards May 2016 LTIP Awards
--------------- ---------------- -------------- ------------------
Ian Mattioli 76,313 71,836 148,149
Nathan Imlach 35,842 134,602 170,444
Murray Smith 30,183 121,024 151,207
Mark Smith 30,183 107,664 137,847
Alan Fergusson 25,273 26,247 51,520
The executive directors hold 140,802 of unexercised LTIP Nominal
Cost Options which are capable of being exercised.
A further 67 employees and senior managers employed by the
Company and its subsidiaries have been granted conditional awards
of Nominal Cost Options over a total of 96,546 Ordinary Shares.
The LTIP Awards are subject to the achievement of corporate
profitability performance targets measured over a three year
performance period ending on 31 May 2019. The amounts shown above
represent the maximum possible opportunity.
The LTIP Awards will normally vest following the publication of
the Group's audited results for the year ending 31 May 2019,
expected to be in September 2019.
The above information is provided by the Company in accordance
with its obligations under the FCA's Disclosure and Transparency
Rules.
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. Ian Mattioli
2. Nathan Imlach
3. Murray Smith
4. Mark Smith
5. Alan Fergusson
--- ------------------------ ------------------------------------
2 Reason for the notification
--- --------------------------------------------------------------
a) Position/status 1. PDMR, Chief Executive Officer
2. PDMR, Chief Financial Officer
3. PDMR, Group Managing Director
4. PDMR, Chief Operating Officer
5. PDMR, Managing Director
- Employee Benefits
--- ------------------------ ------------------------------------
b) Initial notification Initial Notification
/Amendment
--- ------------------------ ------------------------------------
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 Ordinary Shares of 1 pence
the financial each
instrument, type
of instrument
ISIN: GB00B0MT3Y97
Identification
code
--- ------------------------ ------------------------------------
b) Nature of the Issue of Options
transaction
--- ------------------------ ------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s)
--- ------------------------ ---------------------- ------------
1. 1p per Ordinary 1. 76,313
Share
2. 1p per Ordinary 2. 35,842
Share
3. 1p per Ordinary 3. 30,183
Share
4. 1p per Ordinary 4. 30,183
Share
5. 1p per Ordinary 5. 25,273
Share
--- ------------------------ ---------------------- ------------
d) Aggregated information
- Aggregated N/a (Single transaction)
volume
- Price
e) Date of the transaction 1. 27 February 2017
2. 27 February 2017
3. 27 February 2017
4. 27 February 2017
5. 27 February 2017
--- ------------------------ ------------------------------------
f) Place of the Outside of a trading venue
transaction
--- ------------------------ ------------------------------------
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
- Ends -
For further information please contact:
Mattioli Woods plc
Nathan Imlach, Chief Financial Tel: +44 (0) 116 240
Officer 8700
www.mattioli-woods.com
Canaccord Genuity Limited
Sunil Duggal, Investment Tel: +44 (0) 20 7523
Banking 8000
Andrew Buchanan, Corporate www.canaccordgenuity.com
Broking
Kit Stephenson, Corporate
Broking
This information is provided by RNS
The company news service from the London Stock Exchange
END
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