Mattioli Woods PLC Grants under LTIP and Director/PDMR Shareholding (9062P)

TIDMMTW

RNS Number : 9062P

Mattioli Woods PLC

05 September 2017

 
    5 September 2017 
 

Mattioli Woods plc

("Mattioli Woods" or "the Company")

Grants under Long Term Incentive Plan and Notification of Transactions of Directors/PDMRs

As required by Article 19.3 of Regulation (EU) No. 596/2014 on market abuse, Mattioli Woods (AIM: MTW.L), the specialist wealth management and employee benefits business, announces that on 4 September 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 granted the following awards of Nominal Cost Options ("the LTIP Awards") to the Company's executive directors and other persons discharging managerial responsibilities ("PDMRs"):

 
                                                     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 2017         LTIP Awards 
---------------  ----------------  --------------  ------------------ 
 
Ian Mattioli          63,575          148,149           211,724 
Nathan Imlach         29,860          120,245           150,105 
Murray Smith          28,747          102,232           130,979 
Mark Smith            25,145           96,219           121,364 
Alan Fergusson        10,171           51,520            61,691 
Sara Andrews          10,171           3,150             13,321 
Simon Gibson          12,637             -               12,637 
 

The executive directors and PDMRs hold 122,572 of unexercised LTIP Nominal Cost Options which are capable of being exercised.

The LTIP Awards are subject to the achievement of corporate profitability performance targets measured over a three year performance period ending on 31 May 2020. 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 2020, expected to be in September 2020.

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

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

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 
                                 6. Sara Andrews 
                                 7. Simon Gibson 
---  ------------------------  ------------------------------------- 
 2    Reason for the notification 
---  --------------------------------------------------------------- 
 a)   Position/status           1. Executive director and PDMR, 
                                 Chief Executive Officer 
                                 2. Executive director and PDMR, 
                                 Chief Financial Officer 
                                 3. Executive director and PDMR, 
                                 Group Managing Director 
                                 4. PDMR, Chief Operating Officer 
                                 5. PDMR, Managing Director 
                                 Employee Benefits 
                                 6. PDMR, Chief Business Officer 
                                 7. PDMR, Chief Investment 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            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. 63,575 
                                 Share                   2. 29,860 
                                 2. 1p per Ordinary      3. 28,747 
                                 Share                   4. 25,145 
                                 3. 1p per Ordinary      5. 10,171 
                                 Share                   6. 10,171 
                                 4. 1p per Ordinary      7. 12,637 
                                 Share 
                                 5. 1p per Ordinary 
                                 Share 
                                 6. 1p per Ordinary 
                                 Share 
                                 7. 1p per Ordinary 
                                 Share 
---  ------------------------  -----------------------  ------------ 
 d)   Aggregated information 
 
       - Aggregated               N/a (Single transaction) 
       volume 
 
       - Price 
 e)   Date of the transaction   1. 4 September 2017 
                                 2. 4 September 2017 
                                 3. 4 September 2017 
                                 4. 4 September 2017 
                                 5. 4 September 2017 
                                 6. 4 September 2017 
                                 7. 4 September 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. Upon publication of this announcement, this information is now considered to be in the public domain.

- 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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September 05, 2017 13:22 ET (17:22 GMT)