Mattioli Woods PLC Director/PDMR Shareholding (1407V)

TIDMMTW

RNS Number : 1407V

Mattioli Woods PLC

31 October 2017

31 October 2017

Mattioli Woods plc

("Mattioli Woods" or "the Company")

Notification of Transaction of Director/PDMR

Mattioli Woods (AIM: MTW.L), the specialist wealth management and employee benefits business, announces the settlement of conditional cash awards granted on 16 September 2014 under the Mattioli Woods 2010 Long Term Incentive Plan ("the LTIP") to Ian Mattioli (Chief Executive Officer of the Company). Ian Mattioli is considered a person discharging managerial responsibilities ("PDMR").

Settlement of conditional cash awards

Conditional cash awards ("Cash Awards") grant participating employees a conditional right to be paid a cash amount based on the proceeds of the sale of a specified number of ordinary shares of 1 pence each in the Company ("Ordinary Shares") following the vesting of the award. The Company has varied the terms of the Cash Awards to allow them to be settled in cash at a cost of GBP8.344 per award (representing the closing ex-dividend bid-price of an Ordinary Share on 26 October 2017 plus the final dividend approved for the year ended 31 May 2017 of 9.4 pence per Ordinary Share).

Ian Mattioli's total interests in Cash Awards following settlement of these awards is:

 
                Total Interest in                          Total Interest in 
                Cash Awards Before  Cash Awards settled       Cash Awards 
Name                Settlement       on 31 October 2017   following Settlement 
-------------  -------------------  -------------------  --------------------- 
 
Ian Mattioli         69,380               69,380                   - 
 

In addition, Ian Mattioli holds the following options with an exercise price of 1 pence ("Nominal Cost Options") over ("Ordinary Shares"):

 
                 Total interest in 
                Nominal Cost Options 
Name            following LTIP Awards 
-------------  ---------------------- 
 
Ian Mattioli          209,676 
 

PDMR dealing

The Company announces that it has received the following notification of dealings in Cash Awards from Ian Mattioli. The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation No 596/2014.

 
 1     Details of the person discharging managerial 
        responsibilities/person closely associated 
----  --------------------------------------------------------------- 
 a)    Name                          Ian Mattioli 
----  ----------------------------  --------------------------------- 
 2     Reason for the notification 
----  --------------------------------------------------------------- 
 a)    Position/status               PDMR, Chief Executive Officer 
----  ----------------------------  --------------------------------- 
 b)    Initial notification          Initial Notification 
        /Amendment 
----  ----------------------------  --------------------------------- 
 3     Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  --------------------------------------------------------------- 
 a)    Name                          Mattioli Woods plc 
----  ----------------------------  --------------------------------- 
 b)    LEI                           2138003LAM79SNI63R97 
----  ----------------------------  --------------------------------- 
 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                Cash LTIP awards 
        the financial 
        instrument, type 
        of instrument                 ISIN: GB00B0MT3Y97 
 
        Identification 
        code 
----  ----------------------------  --------------------------------- 
 b)    Nature of the                 Exercise of cash settled LTIP 
        transaction                   awards 
----  ----------------------------  --------------------------------- 
 c)    Price(s) and                   Price(s)          Volume(s) 
        volume(s) 
----  ----------------------------  ----------------  --------------- 
   N/a                                                  69,380 
  --------------------------------------------------  --------------- 
 d)    Aggregated information 
 
        - Aggregated                   N/a (Single transaction) 
        volume 
 
        - Price 
 e)    Date of the transaction       31 October 2017 
----  ----------------------------  --------------------------------- 
 f)    Place of the                  Outside of a trading market 
        transaction 
----  ----------------------------  --------------------------------- 
 

- Ends -

For further information please contact:

 
 Mattioli Woods plc 
 Nathan Imlach, Chief Financial     Tel: [phone] 
  Officer                                           8700 
                                  www.mattioli-woods.com 
 
 
 Canaccord Genuity Limited 
 Sunil Duggal, Investment         Tel: [phone] 
  Banking                                         8000 
 Andrew Buchanan, Corporate   www.canaccordgenuity.com 
  Broking 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 31, 2017 10:40 ET (14:40 GMT)