Last checked at 6 Mar 2017 09:05
The following amendment has been made to the Director/PDMR Shareholding announcement released on 3rd March 2017 at 16:32 under RNS No 5308Y.
In the first paragraph of the announcement: "…announces the settlement of conditional cash awards…"
And in the first paragraph under PDMR dealing:
"The Company announces that it has received the following notifications of dealings in Cash Awards from Ian Mattioli and Bob Woods"
All other details remain unchanged. The full amended text is shown below.
3 March 2017
Mattioli Woods plc
("Mattioli Woods" or "the Company")
Notification of Transactions of Directors/PMDRs
Mattioli Woods (AIM: MTW.L), the specialist wealth management and employee benefits business, announces the settlement of conditional cash awards granted on 5 September 2013 under the Mattioli Woods 2010 Long Term Incentive Plan ("the LTIP") to Ian Mattioli (Chief Executive Officer of the Company) and Bob Woods (Founder Director of the Company). Ian Mattioli and Bob Woods are considered to be persons discharging managerial responsibilities ("PDMRs").
Settlement of conditional cash awards
Conditional cash awards ("Cash Awards") grant participating employees a conditional right to be paid a cash amount based on the proceeds of the sale of a specified number of ordinary shares of 1 pence each in the Company ("Ordinary Shares") following the vesting of the award. The Company has varied the terms of the Cash Awards to allow them to be settled in cash at a cost of £7.50 per award (representing a discount of 2.3% on the closing mid-price of an Ordinary Share on 2 March 2017).
Ian Mattioli and Bob Woods' total interests in Cash Awards following settlement of these awards is:
Name | Total Interest in Cash Awards Before Settlement | Cash Awards settled on 3 March 2017 | Total Interest in Cash Awards following Settlement |
Ian Mattioli | 155,086 | 85,706 | 69,380 |
Bob Woods | 111,564 | 62,443 | 49,121 |
In addition, Ian Mattioli and Bob Woods hold the following options with an exercise price of 1 pence ("Nominal Cost Options") over ("Ordinary Shares"):
Name | Total interest in Nominal Cost Options following LTIP Awards |
Ian Mattioli | 148,149 |
Bob Woods | 49,243 |
PDMR dealing
The Company announces that it has received the following notifications of dealings in Cash Awards from Ian Mattioli and Bob Woods. The notifications set out below are provided in accordance with the requirements 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. Bob Woods
| |
2 | Reason for the notification | ||
a) | Position/status
| 1. PDMR, Chief Financial Officer 2. PDMR, Founder Director
| |
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
| Cash LTIP awards
ISIN: GB00B0MT3Y97
| |
b)
| Nature of the transaction
| Exercise of cash settled LTIP awards | |
c)
| Price(s) and volume(s)
| Price(s)
| Volume(s) |
N/a
| 1. 85,706 2. 62,443
| ||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/a (Single transaction) | |
e)
| Date of the transaction
| 1. 3 March 2017 2. 3 March 2017
| |
f)
| Place of the transaction
| Outside of a trading market | |
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 Officer | Tel: +44 (0) 116 240 8700 |
www.mattioli-woods.com |
Canaccord Genuity Limited | |
Sunil Duggal, Investment Banking | Tel: +44 (0) 20 7523 8000 |
Andrew Buchanan, Corporate Broking | www.canaccordgenuity.com |
Kit Stephenson, Corporate Broking |