Tandem Group plc
(the "Company")
Grant of Share Options
The Company announces that Peter Kimberley, Phil Ratcliffe and David Rock, Officers of the Company, have been granted 45,000, 2,500 and 10,000 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 240.00 pence per ordinary share, being the closing midmarket price per ordinary share on 27 March 2023. The Options are exercisable between 1 January 2026 and 27 March 2033, after which the Options will lapse. The exercise of the Options is conditional on certain performance criteria being met.
A further 57,500 options have been granted to other employees under the 2019 Employee Share Option Scheme.
The notification set out below, made in accordance with the requirements of Article 19 of the Market Abuse Regulation, provides further details of such dealings.
Enquiries:
Tandem Group plc
David Rock, Company Secretary
Telephone 0121 748 8075
Nominated Adviser
Cenkos Securities plc (Nominated Adviser and Broker)
Ben Jeynes / Dan Hodkinson - Corporate Finance
Michael Johnson / Russell Kerr - Sales
Telephone 020 7397 8900
Following the above transactions, the Officers have options over Ordinary Shares as follows:
| Director | Option Scheme | Number of options | Option exercise price per share | Expiry date |
| Peter Kimberley | 2019 Employee Share Option Scheme | 37,500 | 325.00p | 18 May 2032 |
| | 2019 Employee Share Option Scheme | 45,000 | 240.00p | 27 March 2033 |
| 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 | 54,232 | 127.50p | 20 April 2026 |
| | 2019 Employee Share Option Scheme | 2,500 | 240.00p | 27 March 2033 |
| David Rock | 2019 Employee Share Option Scheme | 10,000 | 240.00p | 27 March 2033 |
| 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 | Peter Kimberley | |||||
| 2 | Reason for notification |
| |||||
| a. | Position/Status | Chief Executive Officer | |||||
| 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 | 213800WKK3A6NMOB6788 | |||||
| 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 | Options over ordinary Shares of 25p each ISIN: GB00B460T373 | |||||
| b. | Nature of the transaction | Award of options to subscribe for new ordinary shares at 240 pence per ordinary share | |||||
| c. | Price(s) and volume(s) | |
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| | |||||||
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| d. | Aggregated information
- Aggregated Volume
- Price | N/A - single transactions
| |||||
| e. | Date of the transaction | 28 March 2023 | |||||
| f. | Place of the transaction | Outside of a trading venue
| |||||
| 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 | 213800WKK3A6NMOB6788 | |||||
| 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 | Options over ordinary Shares of 25p each ISIN: GB00B460T373 | |||||
| b. | Nature of the transaction | Award of options to subscribe for new ordinary shares at 240 pence per ordinary share
| |||||
| c. | Price(s) and volume(s) | |
| ||||
| | |||||||
|
| |||||||
| d. | Aggregated information
- Aggregated Volume
- Price | N/A - single transactions
| |||||
| e. | Date of the transaction | 28 March 2023 | |||||
| f. | Place of the transaction | Outside of a trading venue
| |||||
| 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 | David Rock | |||||
| 2 | Reason for notification |
| |||||
| a. | Position/Status | Company Secretary | |||||
| 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 | 213800WKK3A6NMOB6788 | |||||
| 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 | Options over ordinary Shares of 25p each ISIN: GB00B460T373 | |||||
| b. | Nature of the transaction | Award of options to subscribe for new ordinary shares at 240 pence per ordinary share
| |||||
| c. | Price(s) and volume(s) | |
| ||||
| | |||||||
|
| |||||||
| d. | Aggregated information
- Aggregated Volume
- Price | N/A - single transactions
| |||||
| e. | Date of the transaction | 28 March 2023 | |||||
| f. | Place of the transaction | Outside of a trading venue
| |||||
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.
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