Mattioli Woods PLC Grants under Long Term Incentive Plan (9876X)

TIDMMTW

RNS Number : 9876X

Mattioli Woods PLC

27 February 2017

 
    27 February 2017 
 

Mattioli Woods plc

("Mattioli Woods" or "the Company")

Grants under Long Term Incentive Plan

Mattioli Woods (AIM: MTW.L), the specialist wealth management and employee benefits business, announces that on 27 February 2017 the Remuneration Committee of Mattioli Woods approved conditional share awards under the Mattioli Woods 2010 Long Term Incentive Plan ("the LTIP"). The awards grant participating employees a conditional right to become entitled to options with an exercise price of 1 pence ("Nominal Cost Options") over ordinary shares of 1 pence each in the Company ("Ordinary Shares").

The Company has today granted the following awards of Nominal Cost Options to the Company's executive directors ("the LTIP Awards"):

 
                                                     Total interest 
                  Maximum number    Interest in            in 
                  of Nominal Cost   Nominal Cost      Nominal Cost 
                   Options under    Options at 31   Options following 
Name              the LTIP Awards     May 2016         LTIP Awards 
---------------  ----------------  --------------  ------------------ 
 
Ian Mattioli          76,313           71,836           148,149 
Nathan Imlach         35,842          134,602           170,444 
Murray Smith          30,183          121,024           151,207 
Mark Smith            30,183          107,664           137,847 
Alan Fergusson        25,273           26,247            51,520 
 

The executive directors hold 140,802 of unexercised LTIP Nominal Cost Options which are capable of being exercised.

A further 67 employees and senior managers employed by the Company and its subsidiaries have been granted conditional awards of Nominal Cost Options over a total of 96,546 Ordinary Shares.

The LTIP Awards are subject to the achievement of corporate profitability performance targets measured over a three year performance period ending on 31 May 2019. The amounts shown above represent the maximum possible opportunity.

The LTIP Awards will normally vest following the publication of the Group's audited results for the year ending 31 May 2019, expected to be in September 2019.

The above information is provided by the Company in accordance with its obligations under the FCA's Disclosure and Transparency Rules.

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

 
 1    Details of the person discharging managerial 
       responsibilities/person closely associated 
---  -------------------------------------------------------------- 
 a)   Name                      1. Ian Mattioli 
                                 2. Nathan Imlach 
                                 3. Murray Smith 
                                 4. Mark Smith 
                                 5. Alan Fergusson 
---  ------------------------  ------------------------------------ 
 2    Reason for the notification 
---  -------------------------------------------------------------- 
 a)   Position/status           1. PDMR, Chief Executive Officer 
                                 2. PDMR, Chief Financial Officer 
                                 3. PDMR, Group Managing Director 
                                 4. PDMR, Chief Operating Officer 
                                 5. PDMR, Managing Director 
                                 - Employee Benefits 
---  ------------------------  ------------------------------------ 
 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            Ordinary Shares of 1 pence 
       the financial             each 
       instrument, type 
       of instrument 
                                 ISIN: GB00B0MT3Y97 
       Identification 
       code 
---  ------------------------  ------------------------------------ 
 b)   Nature of the             Issue of Options 
       transaction 
---  ------------------------  ------------------------------------ 
 c)   Price(s) and               Price(s)                Volume(s) 
       volume(s) 
---  ------------------------  ----------------------  ------------ 
                                1. 1p per Ordinary     1. 76,313 
                                 Share 
                                 2. 1p per Ordinary     2. 35,842 
                                  Share 
                                 3. 1p per Ordinary     3. 30,183 
                                  Share 
                                 4. 1p per Ordinary     4. 30,183 
                                  Share 
                                 5. 1p per Ordinary     5. 25,273 
                                  Share 
---  ------------------------  ----------------------  ------------ 
 d)   Aggregated information 
 
       - Aggregated               N/a (Single transaction) 
       volume 
 
       - Price 
 e)   Date of the transaction   1. 27 February 2017 
                                 2. 27 February 2017 
                                 3. 27 February 2017 
                                 4. 27 February 2017 
                                 5. 27 February 2017 
---  ------------------------  ------------------------------------ 
 f)   Place of the              Outside of a trading venue 
       transaction 
---  ------------------------  ------------------------------------ 
 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

- 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 
 Kit Stephenson, Corporate 
  Broking 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 27, 2017 12:58 ET (17:58 GMT)