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24 Dec 2021 07:00
24 December 2021
Mattioli Woods plc
("Mattioli Woods" or "the Company")
Grant of Options under Long Term Incentive Plan and
Notification of Transactions of Persons Discharging Managerial Responsibilities ("PDMRs")
As required by Article 19.3 of Regulation (EU) No. 596/2014 on market abuse, Mattioli Woods (AIM: MTW.L), the specialist wealth and asset management business, announces that on 22 December 2021 the Remuneration Committee of Mattioli Woods approved the grant of 488,000 conditional share awards under the Mattioli Woods 2021 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 awards of Nominal Cost Options ("the LTIP Awards") to the Company's executive directors and other persons discharging managerial responsibilities ("PDMRs"). The LTIP Awards are subject to the achievement of corporate profitability performance targets measured over either a five year performance period ending on 31 May 2026 ("Tranche A"), or a three year performance period ending on 31 May 2024 ("Tranche B") as follows:
Name | Interest in Nominal Cost Options prior to the LTIP Awards | Maximum number of Nominal Cost Options granted under Tranche A | Maximum number of Nominal Cost Options granted under Tranche B | Interest in Nominal Cost Options following the LTIP Awards |
Ian Mattioli | 240,016 | - | 120,000 | 360,016 |
Ravi Tara | 7,500 | - | 40,000 | 47,500 |
Michael Wright | 38,000 | - | 45,000 | 83,000 |
Iain McKenzie | 17,500 | - | 30,000 | 47,500 |
Nathan Imlach | 49,203 | - | 50,000 | 99,203 |
Simon Gibson | 37,395 | - | 10,000 | 47,395 |
George Houston | 17,500 | - | 14,300 | 31,800 |
Helen Lovegrove | 10,800 | 7,000 | 300 | 18,100 |
Ashana Lindo | 14,500 | 7,000 | 300 | 21,800 |
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 last financial year of the relevant performance period.
The executive directors and PDMRs hold 756,314 of unexercised LTIP Nominal Cost Options, of which 274,614 are capable of being exercised.
As a result of this grant, the total number of options in issue is 1,360,205, equivalent to 2.7 percent of the current issued share capital of the Company.
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. Ravi Tara 3. Michael Wright 4. Iain McKenzie 5. Nathan Imlach 6. Simon Gibson 7. George Houston 8. Helen Lovegrove 9. Ashana Lindo
| |
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, Group Operating Officer 5. PDMR, Chief Strategic Adviser 6. PDMR, Chief Investment Officer 7. PDMR, SMF 16 Compliance Oversight 8. PDMR, Group Administration Officer 9. PDMR, Group Consultancy Officer
| |
b) | Initial notification /Amendment
| Initial Notification
| |
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 the financial instrument, type of instrument
Identification code
| Options over ordinary shares
ISIN: GB00B0MT3Y97
| |
b)
| Nature of the transaction
| Issue of options over ordinary shares | |
c)
| Price(s) and volume(s)
| Price(s)
| Volume(s) |
1. 1p per ordinary shares 2. 1p per ordinary shares 3. 1p per ordinary shares 4. 1p per ordinary shares 5. 1p per ordinary shares 6. 1p per ordinary shares 7. 1p per ordinary shares 8. 1p per ordinary shares 9. 1p per ordinary shares
| 1. 120,000 2. 40,000 3. 45,000 4. 30,000 5. 50,000 6. 10,000 7. 14,300 8. 7,300 9. 7,300
| ||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/a (Single transaction)
1. £1200.00 2. £400.00 3. £450.00 4. £300.00 5. £500.00 6. £100.00 7. £143.00 8. £73.00 9. £73.00
| |
e)
| Date of the transaction
| 1. 22 December 2021 2. 22 December 2021 3. 22 December 2021 4. 22 December 2021 5. 22 December 2021 6. 22 December 2021 7. 22 December 2021 8. 22 December 2021 9. 22 December 2021
| |
f)
| Place of the transaction
| Outside of a trading venue | |
- Ends -
For further information please contact:
Mattioli Woods plc |
| |
Ravi Tara, Chief Financial Officer | Tel: +44 (0) 116 240 8700 | |
| www.mattioliwoods.com | |
Canaccord Genuity Limited (Nominated Adviser and Joint Broker) |
| |
Adam James | Tel: +44 (0) 20 7523 8000 | |
Thomas Diehl | www.canaccordgenuity.com | |
|
| |
N+1 Singer (Joint Broker) |
| |
Justin McKeegan | Tel: +44 (0) 20 7496 3000 | |
Tom Salvesen | www.n1singer.com | |
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