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TND Tandem Group Plc

202.00
3.00 (1.51%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tandem Group Plc LSE:TND London Ordinary Share GB00B460T373 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  3.00 1.51% 202.00 194.00 210.00 202.00 202.00 202.00 897 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Motorcycles,bicycles & Parts 26.68M 674k 0.1233 16.38 11.04M

Tandem Group PLC Directorate Change and Total Voting Rights (0209M)

19/05/2022 7:02am

UK Regulatory


Tandem (LSE:TND)
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TIDMTND

RNS Number : 0209M

Tandem Group PLC

19 May 2022

19 May 2022

Tandem Group plc

(the "Company" or "Group")

Appointment of Chief Executive Officer

Tandem Group plc (AIM: TND), designers, developers and distributors of sports, leisure and mobility equipment, is delighted to announce the appointment of Peter Kimberley as Chief Executive Officer of the Company with immediate effect.

Peter Kimberley was appointed as a non-executive director of the Company in November 2021 and has more than 30 years retail experience across a number of sectors including the cycle retail sector with specific experience in e-mobility across omnichannel, B2B and B2C offerings - most recently as Chief Executive Officer of Pure Electric Limited, a specialised omnichannel retailer of e-bikes and e-scooters in the UK and Europe.

Peter was previously Managing Director of Cycle Republic (omnichannel), Tredz (online proposition) and Boardman Bikes (brand and design) within Halfords Group PLC between 2013 and 2020.

Steve Grant, Chairman, commented "We are very pleased that Peter has decided to become CEO. Having been a Non-Executive Director for 6 months, he already has a strong understanding of the business and will be able to add real value, utilising his wide and varied experience in senior leadership roles will serve to drive the Group's strategic direction and maximise shareholder value."

To facilitate an orderly transition of executive duties, Steve Grant will remain Executive Chairman until the conclusion of the Company's annual general meeting to be held on 23 June 2022, at which point he will resume his role of Non-Executive Chairman.

In connection with his appointment, Mr. Kimberley has today been awarded 37,500 options to subscribe for ordinary shares in the Company under the Company's 2019 Employee Share Option Scheme (the "Options"). Any future exercises of Options will be satisfied from existing ordinary shares held in treasury by the Company.

The Options are exercisable from 31 December 2024 at a price of 325 pence per ordinary share.

In addition, Mr Kimberley has been awarded 37,500 ordinary shares in the Company, These ordinary shares cannot be sold within 12 months and thereafter only with agreement from the Board. These shares will be satisfied by the transfer of ordinary shares held by the Company in treasury.

Following the above transaction, the Company continues to have a total of 6,013,480 ordinary shares in issue, each carrying the right to one vote. On 3 May 2022 a further 17,000 options to subscribe for ordinary shares were exercised by an employee of the Group under the 2019 Employee Share Option Scheme, which were satisfied from existing ordinary shares held in treasury. As a result, 603,921 ordinary shares are currently held in treasury. The total number of voting rights in the Company is therefore 5,409,559 which may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Following the issue, Mr Kimberley holds 37,500 ordinary shares representing approximately 0.69% of the Company's issued ordinary share capital.

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

David Rock, Company Secretary

Telephone 0121 748 8075

Nominated Adviser

Cenkos Securities plc (Nominated Adviser and Broker)

Ben Jeynes / Dan Hodkinson - Corporate Finance

Michael Johnson / Russell Kerr - Sales

Telephone 020 7397 8900

 
 Notification of a Transaction pursuant to Article 19(1) of Regulation 
  (EU) No. 596/2014 
       Details of the person discharging managerial responsibilities/person 
  1     closely associated 
----  -------------------------------------------------------------------------------------------------- 
 a.    Name                               Peter Kimberley 
                                         --------------------------------------------------------------- 
       Reason for notification 
  2 
      ---------------------------------  --------------------------------------------------------------- 
 a.    Position/Status                    Chief Executive Officer 
      ---------------------------------  --------------------------------------------------------------- 
 b.    Initial notification/              Initial Notification 
        Amendment 
      ---------------------------------  --------------------------------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      -------------------------------------------------------------------------------------------------- 
 a.    Name                               Tandem Group plc 
      --------------------------------- 
 b.    LEI                                213800WKK3A6NMOB6788 
      ---------------------------------  --------------------------------------------------------------- 
       Details of the transaction(s): section to be repeated for 
  4     (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 25p each 
        the financial 
        instrument, type 
        of instrument 
 
        Identification                     ISIN: GB00B460T373 
        Code 
      ---------------------------------  --------------------------------------------------------------- 
 b.    Nature of the                                 1. Award of options to subscribe for new ordinary 
        transaction                                   shares at 325 pence per ordinary share 
                                                      2. Award of ordinary shares 
      ---------------------------------  --------------------------------------------------------------- 
 
 c.    Price(s) and                          Price(s)        Volume(s) 
        volume(s)                                  1. Nil     37,500 
                                                    2. Nil     37,500 
                                                             ---------- 
      --------------------------------- 
 
 d.    Aggregated information             N/A - single transactions 
        - Aggregated 
        Volume 
        - Price 
      ---------------------------------  --------------------------------------------------------------- 
 e.    Date of the transaction                 1. 19 May 2022 
                                                2. 19 May 2022 
      ---------------------------------  --------------------------------------------------------------- 
 f.    Place of the                                  1. Outside of a trading venue 
        transaction 
      ---------------------------------  --------------------------------------------------------------- 
 

This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company take responsibility for this announcement.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

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May 19, 2022 02:02 ET (06:02 GMT)

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