Tandem Group PLC Exercise of Options and Directors' Shareholdings (2496I)
16 June 2017 - 4:00PM
UK Regulatory
TIDMTND
RNS Number : 2496I
Tandem Group PLC
16 June 2017
Tandem Group plc
("the Company")
Exercise of options and Directors' shareholdings
The Company has been informed that Mervyn Keene exercised share
options in the ordinary shares of 25p each ("Ordinary Share") of
the Company on 14 June 2017 as follows:
Number of Option
Director Option Scheme options exercise Expiry
exercised price per date
share
-------------- ----------------- ----------- ----------- ---------
2007 EMI
Share Option 14 June
Mervyn Keene Scheme 50,940 78.91p 2017
-------------- ----------------- ----------- ----------- ---------
A further 48,800 share options in the 2007 EMI Share Option
Scheme have been exercised at an option price of 78.91p per share
by other employees.
The exercise of options will be satisfied by Ordinary Shares
held by the Company in treasury.
Following the exercise of the share options Mervyn Keene sold
22,500 Ordinary Shares to Jim Shears at a price of 80p per share.
The shares will be transferred to his SIPP and held by Hargreaves
Lansdown Nominees Limited. The beneficial owner of the shares will
be the SIPP controlled by Jim Shears.
Following the exercise of these options and share purchases, the
Company has 5,026,091 Ordinary Shares in issue and 987,389 Ordinary
Shares in treasury and the Directors are beneficially interested in
Ordinary Shares as follows:
Director Number of Percentage
shares of voting
rights
---------------- ---------- -----------
Mervyn Keene 250,000 5.0%
---------------- ---------- -----------
Steve Grant 250,000 5.0%
---------------- ---------- -----------
Jim Shears 170,000 3.4%
---------------- ---------- -----------
Phil Ratcliffe 91,732 1.8%
---------------- ---------- -----------
Simon Morris 15,000 0.3%
---------------- ---------- -----------
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
The notification set out below is provided in accordance with
the requirements of the EU Market Abuse Regulation.
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 Mervyn Keene
-----------------------------------
2 Reason for
notification
----- ----------------------------- -----------------------------------
a. Position/Status Non-Executive Chairman
----- ----------------------------- -----------------------------------
b. Initial notification/ Initial Notification
Amendment
----- ----------------------------- -----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
------------------------------------------------------------------
a. Name Tandem Group plc
----- ----------------------------- -----------------------------------
b. LEI N/A
----- ----------------------------- -----------------------------------
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 Ordinary Shares of 25p each
of the financial
instrument, ISIN: GB00B460T373
type of instrument
Identification
Code
----- ----------------------------- -----------------------------------
b. Nature of the Purchase of shares
transaction
----- ----------------------------- -----------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
----- ----------------------------- -------------- --------------
78.91p 50,940
-------------- --------------
d. Aggregated
information
50,940
- Aggregated
Volume GBP40,197
- Price
----- ----------------------------- -----------------------------------
e. Date of the 14 June 2017
transaction
----- ----------------------------- -----------------------------------
f. Place of the (London) AIM
transaction
----- ----------------------------- -----------------------------------
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 Mervyn Keene
-----------------------------------
2 Reason for
notification
----- ----------------------------- -----------------------------------
a. Position/Status Non-Executive Chairman
----- ----------------------------- -----------------------------------
b. Initial notification/ Initial Notification
Amendment
----- ----------------------------- -----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
------------------------------------------------------------------
a. Name Tandem Group plc
----- ----------------------------- -----------------------------------
b. LEI N/A
----- ----------------------------- -----------------------------------
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 Ordinary Shares of 25p each
of the financial
instrument, ISIN: GB00B460T373
type of instrument
Identification
Code
----- ----------------------------- -----------------------------------
b. Nature of the Sale of shares
transaction
----- ----------------------------- -----------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
----- ----------------------------- -------------- --------------
80.00p 22,500
-------------- --------------
d. Aggregated
information
22,500
- Aggregated
Volume GBP18,000
- Price
----- ----------------------------- -----------------------------------
e. Date of the 14 June 2017
transaction
----- ----------------------------- -----------------------------------
f. Place of the (London) AIM
transaction
----- ----------------------------- -----------------------------------
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 Group Finance Director
----- ----------------------------- -----------------------------------
b. Initial notification/ Initial Notification
Amendment
----- ----------------------------- -----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
------------------------------------------------------------------
a. Name Tandem Group plc
----- ----------------------------- -----------------------------------
b. LEI N/A
----- ----------------------------- -----------------------------------
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 Ordinary Shares of 25p each
of the financial
instrument, ISIN: GB00B460T373
type of instrument
Identification
Code
----- ----------------------------- -----------------------------------
b. Nature of the Purchase of shares
transaction
----- ----------------------------- -----------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
----- ----------------------------- -------------- --------------
80.00p 22,500
-------------- --------------
d. Aggregated
information
22,500
- Aggregated
Volume GBP18,000
- Price
----- ----------------------------- -----------------------------------
e. Date of the 14 June 2017
transaction
----- ----------------------------- -----------------------------------
f. Place of the (London) AIM
transaction
----- ----------------------------- -----------------------------------
For further information:
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 7213 0880
This information is provided by RNS
The company news service from the London Stock Exchange
END
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