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TND Tandem Group Plc

195.00
-7.00 (-3.47%)
Last Updated: 08:15:36
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
  -7.00 -3.47% 195.00 190.00 200.00 202.00 195.00 202.00 0.00 08:15:36
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Motorcycles,bicycles & Parts 26.68M 674k 0.1233 15.82 10.66M

Tandem Group PLC Exercise of Options and Directors' Shareholdings (2496I)

16/06/2017 7:00am

UK Regulatory


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TIDMTND

RNS Number : 2496I

Tandem Group PLC

16 June 2017

Tandem Group plc

("the Company")

Exercise of options and Directors' shareholdings

The Company has been informed that Mervyn Keene exercised share options in the ordinary shares of 25p each ("Ordinary Share") of the Company on 14 June 2017 as follows:

 
                                     Number of       Option 
   Director        Option Scheme       options     exercise     Expiry 
                                     exercised    price per       date 
                                                      share 
--------------  -----------------  -----------  -----------  --------- 
                 2007 EMI 
                  Share Option                                 14 June 
 Mervyn Keene     Scheme                50,940       78.91p       2017 
--------------  -----------------  -----------  -----------  --------- 
 

A further 48,800 share options in the 2007 EMI Share Option Scheme have been exercised at an option price of 78.91p per share by other employees.

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

Following the exercise of the share options Mervyn Keene sold 22,500 Ordinary Shares to Jim Shears at a price of 80p per share. The shares will be transferred to his SIPP and held by Hargreaves Lansdown Nominees Limited. The beneficial owner of the shares will be the SIPP controlled by Jim Shears.

Following the exercise of these options and share purchases, the Company has 5,026,091 Ordinary Shares in issue and 987,389 Ordinary Shares in treasury and the Directors are beneficially interested in Ordinary Shares as follows:

 
 Director          Number of   Percentage 
                      shares    of voting 
                                   rights 
----------------  ----------  ----------- 
 Mervyn Keene        250,000         5.0% 
----------------  ----------  ----------- 
 Steve Grant         250,000         5.0% 
----------------  ----------  ----------- 
 Jim Shears          170,000         3.4% 
----------------  ----------  ----------- 
 Phil Ratcliffe       91,732         1.8% 
----------------  ----------  ----------- 
 Simon Morris         15,000         0.3% 
----------------  ----------  ----------- 
 

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

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.

 
 Notification of a Transaction pursuant to Article 
  19(1) of Regulation (EU) No. 596/2014 
------------------------------------------------------------------------- 
 1      Details of the person discharging managerial 
         responsibilities/person closely associated 
-----  ------------------------------------------------------------------ 
 a.     Name                           Mervyn Keene 
                                      ----------------------------------- 
 2      Reason for 
         notification 
-----  -----------------------------  ----------------------------------- 
 a.     Position/Status                Non-Executive Chairman 
-----  -----------------------------  ----------------------------------- 
 b.     Initial notification/          Initial Notification 
         Amendment 
-----  -----------------------------  ----------------------------------- 
 3      Details of the issuer, emission allowance 
         market participant, auction platform, auctioneer 
         or auction monitor 
       ------------------------------------------------------------------ 
 a.     Name                           Tandem Group plc 
-----  -----------------------------  ----------------------------------- 
 b.     LEI                            N/A 
-----  -----------------------------  ----------------------------------- 
 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                    Ordinary Shares of 25p each 
         of the financial 
         instrument,                    ISIN: GB00B460T373 
         type of instrument 
 
         Identification 
         Code 
-----  -----------------------------  ----------------------------------- 
 b.     Nature of the                  Purchase of shares 
         transaction 
-----  -----------------------------  ----------------------------------- 
 
 c.     Price(s) and                    Price(s)        Volume(s) 
         volume(s) 
-----  -----------------------------   --------------  -------------- 
                                        78.91p          50,940 
                                       --------------  -------------- 
 
 d.     Aggregated 
         information 
                                         50,940 
         - Aggregated 
         Volume                          GBP40,197 
 
         - Price 
-----  -----------------------------  ----------------------------------- 
 e.     Date of the                    14 June 2017 
         transaction 
-----  -----------------------------  ----------------------------------- 
 f.     Place of the                   (London) AIM 
         transaction 
-----  -----------------------------  ----------------------------------- 
 Notification of a Transaction pursuant to Article 
  19(1) of Regulation (EU) No. 596/2014 
------------------------------------------------------------------------- 
 1      Details of the person discharging managerial 
         responsibilities/person closely associated 
-----  ------------------------------------------------------------------ 
 a.     Name                           Mervyn Keene 
                                      ----------------------------------- 
 2      Reason for 
         notification 
-----  -----------------------------  ----------------------------------- 
 a.     Position/Status                Non-Executive Chairman 
-----  -----------------------------  ----------------------------------- 
 b.     Initial notification/          Initial Notification 
         Amendment 
-----  -----------------------------  ----------------------------------- 
 3      Details of the issuer, emission allowance 
         market participant, auction platform, auctioneer 
         or auction monitor 
       ------------------------------------------------------------------ 
 a.     Name                           Tandem Group plc 
-----  -----------------------------  ----------------------------------- 
 b.     LEI                            N/A 
-----  -----------------------------  ----------------------------------- 
 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                    Ordinary Shares of 25p each 
         of the financial 
         instrument,                    ISIN: GB00B460T373 
         type of instrument 
 
         Identification 
         Code 
-----  -----------------------------  ----------------------------------- 
 b.     Nature of the                  Sale of shares 
         transaction 
-----  -----------------------------  ----------------------------------- 
 
 c.     Price(s) and                    Price(s)        Volume(s) 
         volume(s) 
-----  -----------------------------   --------------  -------------- 
                                        80.00p          22,500 
                                       --------------  -------------- 
 
 d.     Aggregated 
         information 
                                         22,500 
         - Aggregated 
         Volume                          GBP18,000 
 
         - Price 
-----  -----------------------------  ----------------------------------- 
 e.     Date of the                    14 June 2017 
         transaction 
-----  -----------------------------  ----------------------------------- 
 f.     Place of the                   (London) AIM 
         transaction 
-----  -----------------------------  ----------------------------------- 
 
 
 
 Notification of a Transaction pursuant to Article 
  19(1) of Regulation (EU) No. 596/2014 
------------------------------------------------------------------------- 
 1      Details of the person discharging managerial 
         responsibilities/person closely associated 
-----  ------------------------------------------------------------------ 
 a.     Name                           Jim Shears 
                                      ----------------------------------- 
 2      Reason for 
         notification 
-----  -----------------------------  ----------------------------------- 
 a.     Position/Status                Group Finance Director 
-----  -----------------------------  ----------------------------------- 
 b.     Initial notification/          Initial Notification 
         Amendment 
-----  -----------------------------  ----------------------------------- 
 3      Details of the issuer, emission allowance 
         market participant, auction platform, auctioneer 
         or auction monitor 
       ------------------------------------------------------------------ 
 a.     Name                           Tandem Group plc 
-----  -----------------------------  ----------------------------------- 
 b.     LEI                            N/A 
-----  -----------------------------  ----------------------------------- 
 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                    Ordinary Shares of 25p each 
         of the financial 
         instrument,                    ISIN: GB00B460T373 
         type of instrument 
 
         Identification 
         Code 
-----  -----------------------------  ----------------------------------- 
 b.     Nature of the                  Purchase of shares 
         transaction 
-----  -----------------------------  ----------------------------------- 
 
 c.     Price(s) and                    Price(s)        Volume(s) 
         volume(s) 
-----  -----------------------------   --------------  -------------- 
                                        80.00p          22,500 
                                       --------------  -------------- 
 
 d.     Aggregated 
         information 
                                         22,500 
         - Aggregated 
         Volume                          GBP18,000 
 
         - Price 
-----  -----------------------------  ----------------------------------- 
 e.     Date of the                    14 June 2017 
         transaction 
-----  -----------------------------  ----------------------------------- 
 f.     Place of the                   (London) AIM 
         transaction 
-----  -----------------------------  ----------------------------------- 
 
 

For further information:

Tandem Group plc

Jim Shears, Group Finance Director and Company Secretary

Telephone 0121 748 8075

Nominated Adviser

Cairn Financial Advisers LLP

Tony Rawlinson

James Caithie

Telephone 020 7213 0880

 
 
 
 
 
 
 
 
 
 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

June 16, 2017 02:00 ET (06:00 GMT)

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