Tandem Group PLC Exercise of share options (1680B)

TIDMTND

RNS Number : 1680B

Tandem Group PLC

14 June 2016

Tandem Group plc

(the "Company")

Exercise of share options

The Company has been informed that Steve Grant and Jim Shears, Directors of the Company, have exercised share options in the ordinary shares of 25 pence each in the share capital of the Company ("Ordinary Shares") as follows:

 
 Director       Option Scheme     Number of       Option   Expiry date 
                                    options     exercise 
                                  exercised    price per 
                                                   share 
-------------  ---------------  -----------  -----------  ------------ 
                2007 EMI 
                 Share Option                               29 October 
 Steve Grant     Scheme              25,000       79.00p          2023 
-------------  ---------------  -----------  -----------  ------------ 
                2007 EMI 
                 Share Option                                  14 June 
 Jim Shears      Scheme              36,278      107.00p          2021 
-------------  ---------------  -----------  -----------  ------------ 
 

The exercise of options will be satisfied by Ordinary Shares held by the Company in treasury.

Following the exercise of these options, the shares will be transferred as soon as possible to the SIPPs controlled by Steve Grant and Jim Shears.

Following the exercise of these options, the Company has 4,916,751 Ordinary Shares in issue and 1,096,729 Ordinary Shares in treasury.

The Directors are beneficially interested in Ordinary Shares as follows:

 
 Director          Number of   Percentage 
                      shares    of voting 
                                   rights 
----------------  ----------  ----------- 
 Steve Grant         250,000         5.1% 
----------------  ----------  ----------- 
 Mervyn Keene        221,560         4.5% 
----------------  ----------  ----------- 
 Jim Shears          147,500         3.0% 
----------------  ----------  ----------- 
 Phil Ratcliffe       91,732         1.9% 
----------------  ----------  ----------- 
 Simon Morris         15,000         0.3% 
----------------  ----------  ----------- 
 

Following the above transactions, the Directors have options over Ordinary Shares as follows:

 
 Director          Option Scheme         Number       Option   Expiry date 
                                     of options     exercise 
                                                   price per 
                                                       share 
----------------  ---------------  ------------  -----------  ------------ 
                   2007 Employee 
                    Share Option                                 14 June 
 Mervyn Keene       Scheme               86,400       78.91p       2017 
----------------  ---------------  ------------  -----------  ------------ 
                   2007 Employee 
                    Share Option                                20 April 
 Steve Grant        Scheme               75,000      127.50p       2026 
                  ---------------  ------------  -----------  ------------ 
  2007 Employee 
   Share Option                                                29 October 
   Scheme                                22,525       79.00p       2023 
 --------------------------------  ------------  -----------  ------------ 
  2007 Employee 
   Share Option                                                  14 June 
   Scheme                                27,475      107.00p       2021 
 --------------------------------  ------------  -----------  ------------ 
                   2007 Employee 
                    Share Option                                20 April 
 Jim Shears         Scheme               53,222      127.50p       2026 
                  ---------------  ------------  -----------  ------------ 
  2007 Employee 
   Share Option                                                  14 June 
   Scheme                                22,500      107.00p       2021 
 --------------------------------  ------------  -----------  ------------ 
  2007 Employee 
   Share Option                                                 20 April 
   Scheme                                58,897      127.50p       2026 
 --------------------------------  ------------  -----------  ------------ 
                   2007 Employee 
                    Share Option                               29 October 
 Phil Ratcliffe     Scheme               17,103       79.00p       2023 
                  ---------------  ------------  -----------  ------------ 
  2007 Employee 
   Share Option                                                  14 June 
   Scheme                                14,000      107.00p       2021 
 --------------------------------  ------------  -----------  ------------ 
 

The Company has also been informed that Steve Grant has transferred 65,000 Ordinary Shares held personally into his SIPP. Following this transfer there is no change in the beneficial interest in the Company.

Enquiries:

Tandem Group plc

Jim Shears

Group Finance Director and Company Secretary

Telephone [phone]

Nominated Adviser

Cairn Financial Advisers LLP

Tony Rawlinson

James Caithie

Telephone [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 14, 2016 09:12 ET (13:12 GMT)