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On 8 February 2024, Tandem Group plc announced the grant of 10,000 options over ordinary shares to Richard Hill, its Operations Director and a PDMR, under the 2019 Employee Share Option Scheme. The options have an exercise price of 162.50 pence per share and are exercisable between 1 January 2027 and 7 February 2034.
| Date | 8 Feb 2024 |
| Time | 15:31:53 |
| Category | Director/PDMR dealings |
| ID | 5444C |
8 February 2024
Tandem Group plc
(the "Company")
Grant of Share Options
The Company announces that Richard Hill, Operations Director and a PDMR of the Company, has been granted 10,000 options ("Options") 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 162.50 pence per ordinary share, being the closing midmarket price per ordinary share on 7 February 2024. The Options are exercisable between 1 January 2027 and 7 February 2034, after which the Options will lapse.
Enquiries:
Tandem Group plc
Peter Kimberley, CEO
David Rock, Company Secretary
Telephone 0121 748 8075
Nominated Adviser
Cavendish Capital Markets Limited (Nominated Adviser and Broker)
Ben Jeynes / Dan Hodkinson - Corporate Finance
Michael Johnson / Charlie Combe - Sales and Equity Capital Markets
Telephone 0207 220 0500
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.
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Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 |
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a. |
Name |
Richard Hill |
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2 |
Reason for notification |
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a. |
Position/Status |
Operations Director and PDMR |
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b. |
Initial notification/ Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a. |
Name |
Tandem Group plc |
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b. |
LEI |
213800WKK3A6NMOB6788 |
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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 |
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a. |
Description of the financial instrument, type of instrument |
Options over ordinary Shares of 25p each ISIN: GB00B460T373 |
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b. |
Nature of the transaction |
Award of options to subscribe for new ordinary shares at 162.50 pence per ordinary share |
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c. |
Price(s) and volume(s) |
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d. |
Aggregated information
- Aggregated Volume
- Price |
N/A - single transactions
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e. |
Date of the transaction |
8 February 2024 |
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f. |
Place of the transaction |
Outside of a trading venue
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