AI Terminal
TANDEM GROUP PLC
Transaction in Own Shares • Apr 29, 2021
7947_dirs_2021-04-29_fa214cae-040c-4bde-9ae8-96f092cfa90d.html
Transaction in Own Shares
Open in ViewerOpens in native device viewer
National Storage Mechanism | Additional information 
RNS Number : 9881W
Tandem Group PLC
29 April 2021
Tandem Group plc
(the "Company")
Grant of Share Options
The Company announces that Jim Shears and Phil Ratcliffe, Directors of the Company, have been granted 24,000 and 13,000 options ("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.
The Options have an exercise price of 665.00 pence per ordinary share, being the closing midmarket price per ordinary share on 28 April 2021. The Options are exercisable between 1 January 2024 and 28 April 2031, after which the Options will lapse. The exercise of the Options
is conditional on certain performance criteria being met.
A further 40,000 options have been granted to other employees under the 2019 Employee Share Option Scheme.
Following the above transactions, the Directors have options over Ordinary Shares as follows:
| Director | Option Scheme | Number of options | Option exercise price per share | Expiry date |
| Steve Grant | 2019 Employee Share Option Scheme | 50,000 | 190.00p | 24 May 2029 |
| 2007 Employee Share Option Scheme | 75,000 | 127.50p | 20 April 2026 | |
| Jim Shears | 2019 Employee Share Option Scheme | 24,000 | 665.00p | 28 April 2031 |
| 2019 Employee Share Option Scheme | 44,278 | 190.00p | 24 May 2029 | |
| 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 | 58,897 | 127.50p | 20 April 2026 |
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
CEO
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
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 of the financial instrument, type of instrument
Identification Code
Options over ordinary Shares of 25p each
ISIN: GB00B460T373
b.
Nature of the transaction
Grant of options
c.
Price(s) and volume(s)
| Price(s) | Volume(s) |
| 665p | 24,000 |
d.
Aggregated information
- Aggregated Volume
- Price
24,000
665p
e.
Date of the transaction
28 April 2021
f.
Place of the transaction
(London) AIM
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
Philip Ratcliffe
2
Reason for notification
a.
Position/Status
Commercial Director
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
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 of the financial instrument, type of instrument
Identification Code
Options over ordinary Shares of 25p each
ISIN: GB00B460T373
b.
Nature of the transaction
Grant of options
c.
Price(s) and volume(s)
| Price(s) | Volume(s) |
| 665p | 13,000 |
d.
Aggregated information
- Aggregated Volume
- Price
13,000
665p
e.
Date of the transaction
28 April 2021
f.
Place of the transaction
(London) AIM
This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company take responsibility for this announcement.
Enquiries:
Tandem Group plc
Jim Shears, Chief Executive Officer
David Rock, Company Secretary
Telephone 0121 748 8075
Nominated Adviser
Cairn Financial Advisers LLP
James Caithie
Sandy Jamieson
Telephone 020 7213 0880
29 April 2021
Forward-Looking Statements
Certain statements made in this announcement are forward-looking statements. These forward-looking statements are not historical facts but rather are based on the Company's current expectations, estimates, and projections about its industry; its beliefs; and assumptions. Words such as 'anticipates,' 'expects,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond the Company's control, are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. The Company cautions security holders and prospective security holders not to place undue reliance on these forward-looking statements, which reflect the view of the Company only as of the date of this announcement. The forward-looking statements made in this announcement relate only to events as of the date on which the statements are made. The Company will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances, or unanticipated events occurring after the date of this announcement except as required by law or by any appropriate regulatory authority.
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 [email protected] 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
DSHBCGDSCUDDGBI