Mattioli Woods PLC Director/PDMR Shareholding (1407V)
01 November 2017 - 1:40AM
UK Regulatory
TIDMMTW
RNS Number : 1407V
Mattioli Woods PLC
31 October 2017
31 October 2017
Mattioli Woods plc
("Mattioli Woods" or "the Company")
Notification of Transaction of Director/PDMR
Mattioli Woods (AIM: MTW.L), the specialist wealth management
and employee benefits business, announces the settlement of
conditional cash awards granted on 16 September 2014 under the
Mattioli Woods 2010 Long Term Incentive Plan ("the LTIP") to Ian
Mattioli (Chief Executive Officer of the Company). Ian Mattioli is
considered a person discharging managerial responsibilities
("PDMR").
Settlement of conditional cash awards
Conditional cash awards ("Cash Awards") grant participating
employees a conditional right to be paid a cash amount based on the
proceeds of the sale of a specified number of ordinary shares of 1
pence each in the Company ("Ordinary Shares") following the vesting
of the award. The Company has varied the terms of the Cash Awards
to allow them to be settled in cash at a cost of GBP8.344 per award
(representing the closing ex-dividend bid-price of an Ordinary
Share on 26 October 2017 plus the final dividend approved for the
year ended 31 May 2017 of 9.4 pence per Ordinary Share).
Ian Mattioli's total interests in Cash Awards following
settlement of these awards is:
Total Interest in Total Interest in
Cash Awards Before Cash Awards settled Cash Awards
Name Settlement on 31 October 2017 following Settlement
------------- ------------------- ------------------- ---------------------
Ian Mattioli 69,380 69,380 -
In addition, Ian Mattioli holds the following options with an
exercise price of 1 pence ("Nominal Cost Options") over ("Ordinary
Shares"):
Total interest in
Nominal Cost Options
Name following LTIP Awards
------------- ----------------------
Ian Mattioli 209,676
PDMR dealing
The Company announces that it has received the following
notification of dealings in Cash Awards from Ian Mattioli. The
notification set out below is provided in accordance with the
requirements of the EU Market Abuse Regulation No 596/2014.
1 Details of the person discharging managerial
responsibilities/person closely associated
---- ---------------------------------------------------------------
a) Name Ian Mattioli
---- ---------------------------- ---------------------------------
2 Reason for the notification
---- ---------------------------------------------------------------
a) Position/status PDMR, Chief Executive Officer
---- ---------------------------- ---------------------------------
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 Cash LTIP awards
the financial
instrument, type
of instrument ISIN: GB00B0MT3Y97
Identification
code
---- ---------------------------- ---------------------------------
b) Nature of the Exercise of cash settled LTIP
transaction awards
---- ---------------------------- ---------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s)
---- ---------------------------- ---------------- ---------------
N/a 69,380
-------------------------------------------------- ---------------
d) Aggregated information
- Aggregated N/a (Single transaction)
volume
- Price
e) Date of the transaction 31 October 2017
---- ---------------------------- ---------------------------------
f) Place of the Outside of a trading market
transaction
---- ---------------------------- ---------------------------------
- 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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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