Tandem Group PLC Exercise of share options (1680B)
14 June 2016 - 11:12PM
UK Regulatory
TIDMTND
RNS Number : 1680B
Tandem Group PLC
14 June 2016
Tandem Group plc
(the "Company")
Exercise of share options
The Company has been informed that Steve Grant and Jim Shears,
Directors of the Company, have exercised share options in the
ordinary shares of 25 pence each in the share capital of the
Company ("Ordinary Shares") as follows:
Director Option Scheme Number of Option Expiry date
options exercise
exercised price per
share
------------- --------------- ----------- ----------- ------------
2007 EMI
Share Option 29 October
Steve Grant Scheme 25,000 79.00p 2023
------------- --------------- ----------- ----------- ------------
2007 EMI
Share Option 14 June
Jim Shears Scheme 36,278 107.00p 2021
------------- --------------- ----------- ----------- ------------
The exercise of options will be satisfied by Ordinary Shares
held by the Company in treasury.
Following the exercise of these options, the shares will be
transferred as soon as possible to the SIPPs controlled by Steve
Grant and Jim Shears.
Following the exercise of these options, the Company has
4,916,751 Ordinary Shares in issue and 1,096,729 Ordinary Shares in
treasury.
The Directors are beneficially interested in Ordinary Shares as
follows:
Director Number of Percentage
shares of voting
rights
---------------- ---------- -----------
Steve Grant 250,000 5.1%
---------------- ---------- -----------
Mervyn Keene 221,560 4.5%
---------------- ---------- -----------
Jim Shears 147,500 3.0%
---------------- ---------- -----------
Phil Ratcliffe 91,732 1.9%
---------------- ---------- -----------
Simon Morris 15,000 0.3%
---------------- ---------- -----------
Following the above transactions, the Directors have options
over Ordinary Shares as follows:
Director Option Scheme Number Option Expiry date
of options exercise
price per
share
---------------- --------------- ------------ ----------- ------------
2007 Employee
Share Option 14 June
Mervyn Keene Scheme 86,400 78.91p 2017
---------------- --------------- ------------ ----------- ------------
2007 Employee
Share Option 20 April
Steve Grant Scheme 75,000 127.50p 2026
--------------- ------------ ----------- ------------
2007 Employee
Share Option 29 October
Scheme 22,525 79.00p 2023
-------------------------------- ------------ ----------- ------------
2007 Employee
Share Option 14 June
Scheme 27,475 107.00p 2021
-------------------------------- ------------ ----------- ------------
2007 Employee
Share Option 20 April
Jim Shears Scheme 53,222 127.50p 2026
--------------- ------------ ----------- ------------
2007 Employee
Share Option 14 June
Scheme 22,500 107.00p 2021
-------------------------------- ------------ ----------- ------------
2007 Employee
Share Option 20 April
Scheme 58,897 127.50p 2026
-------------------------------- ------------ ----------- ------------
2007 Employee
Share Option 29 October
Phil Ratcliffe Scheme 17,103 79.00p 2023
--------------- ------------ ----------- ------------
2007 Employee
Share Option 14 June
Scheme 14,000 107.00p 2021
-------------------------------- ------------ ----------- ------------
The Company has also been informed that Steve Grant has
transferred 65,000 Ordinary Shares held personally into his SIPP.
Following this transfer there is no change in the beneficial
interest in the Company.
Enquiries:
Tandem Group plc
Jim Shears
Group Finance Director and Company Secretary
Telephone 0121 748 8075
Nominated Adviser
Cairn Financial Advisers LLP
Tony Rawlinson
James Caithie
Telephone 020 7148 7901
This information is provided by RNS
The company news service from the London Stock Exchange
END
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