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On 24 February 2023, Tandem Group plc announced that a former employee exercised 7,500 options, granted under the 2019 Employee Share Option Scheme, to subscribe for ordinary shares at 190.0 pence per share. This exercise was satisfied from existing treasury shares, resulting in the Company maintaining 6,013,480 Ordinary Shares in issue, with 541,521 shares held in treasury, and a total of 5,471,959 voting rights.
| Date | 24 Feb 2023 |
| Time | 12:36:35 |
| Category | Miscellaneous |
| ID | 0264R |
(the "Company" or "Group")
Exercise of Options and Total Voting Rights
The Company announces that a former employee of the Group has exercised 7,500 options to subscribe for ordinary shares in the Company ("Ordinary Shares") at an exercise price of 190.0 pence per Ordinary Share (the "Options Exercise"). These options were granted under the 2019 Employee Share Option Scheme.
The Options Exercise will be satisfied from existing Ordinary Shares held in treasury. As a result, the Company continues to have a total of 6,013,480 Ordinary Shares in issue, each carrying the right to one vote, with 541,521 Ordinary Shares held in treasury. The total number of voting rights in the Company is therefore 5,471,959.
The above figure of 5,471,959 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
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