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Tandem Group plc announced on 8 April 2025 that CEO Peter Kimberley was granted 38,000 share options, CCO David Poulter 20,000 options, and CFO Gurvinder Kaur 20,000 options, all with an exercise price of 161.50 pence per share and exercisable between 2028 and 2035. Additionally, 91,000 options were granted to other employees, and on 7 April 2025, Peter Kimberley surrendered 37,500 share options with an exercise price of 325.0 pence.
| Date | 8 Apr 2025 |
| Time | 17:45:00 |
| Category | Director/PDMR dealings |
| ID | 2021E |
(the "Company")
Grant of Share Options, Surrender of Existing Options & PDMR Dealings
Tandem Group plc (AIM: TND), designers, developers, distributors and retailers of sports, leisure and mobility equipment, announces that Peter Kimberley, Chief Executive Officer, David Poulter, Chief Commercial Officer, and Gurvinder Kaur, Chief Financial Officer and Company Secretary of the Company, have today been granted 38,000, 20,000 and 20,000 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 161.50 pence per ordinary share, being the closing middle market price per ordinary share on 7 April 2025. The Options are exercisable between 1 January 2028 and 7 April 2035, after which the Options will lapse.
A further 91,000 options have been granted to other employees under the 2019 Employee Share Option Scheme.
The Company further announces that on 7 April 2025, Peter Kimberley, Chief Executive Officer of the Company, has surrendered 37,500 share options with an exercise price of 325.0 pence.
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
Peter Kimberley, Chief Executive Officer
Gurvinder Kaur, Chief Financial Officer
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
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 |
45,000 |
240.00p |
27 March 2033 |
|
|
2019 Employee Share Option Scheme |
9,500 |
202.00p |
26 March 2034 |
|
|
2019 Employee Share Option Scheme |
38,000 |
161.50p |
7 April 2035 |
|
David Poulter |
2019 Employee Share Option Scheme |
20,000 |
161.50p |
7 April 2035 |
|
Gurvinder Kaur |
2019 Employee Share Option Scheme |
10,000 |
665.00p |
28 April 2031 |
|
|
2019 Employee Share Option Scheme |
10,000 |
240.00p |
27 March 2033 |
|
|
2019 Employee Share Option Scheme |
12,000 |
202.00p |
26 March 2034 |
|
|
2019 Employee Share Option Scheme |
20,000 |
161.50p |
7 April 2035 |
|
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 |
Peter Kimberley |
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2 |
Reason for notification |
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a. |
Position/Status |
Chief Executive Officer |
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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 167.5 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 April 2025 |
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f. |
Place of the transaction |
Outside of a trading venue
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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 |
David Poulter |
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2 |
Reason for notification |
|
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a. |
Position/Status |
Chief Commercial Officer |
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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 |
||||||
|
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 167.5 pence per ordinary share
|
|||||
|
c. |
Price(s) and volume(s) |
|
|
||||
|
|
|||||||
|
|
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|
d. |
Aggregated information
- Aggregated Volume
- Price |
N/A - single transactions
|
|||||
|
e. |
Date of the transaction |
8 April 2025 |
|||||
|
f. |
Place of the transaction |
Outside of a trading venue
|
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|
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 |
Gurvinder Kaur |
|||||
|
2 |
Reason for notification |
|
|||||
|
a. |
Position/Status |
Chief Financial Officer/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 167.5 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 |
8 April 2025 |
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|
f. |
Place of the transaction |
Outside of a trading venue
|
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