Last checked at 30 Dec 2021 17:30
30 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 29 December 2021, 200,516 options with an exercise price of 1 pence ("Nominal Cost Options") were exercised into ordinary shares of 1 pence each in the Company ("Ordinary Shares") under the Mattioli Woods 2010 Long Term Incentive Plan ("LTIP") by employees and PDMRs.
As previously disclosed, application has been made to the London Stock Exchange for admission of 300,000 new Ordinary Shares to trading on AIM under the Block Listing of the Company, and dealings are expected to commence on 5 January 2022 ("Admission"). Following Admission, Ordinary shares of 200,516 will be issued to satisfy the option exercises noted above, and the Company will have a total of 50,884,718 Ordinary Shares in issue with voting rights. The Company does not hold any Ordinary Shares in treasury. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company.
The transactions by PDMRs were as follows:
Director/PDMR | Interest in Nominal Cost Options prior to the option exercises | Date of option exercise | Nominal Cost Options exercised | Interest in Nominal Cost Options following the option exercises |
Ian Mattioli | 360,016 | 29-Dec-2021 | 200,016 | 160,000 |
Following this exercise, the executive directors and PDMRs hold 556,298 of unexercised LTIP Nominal Cost Options, of which 74,598 are capable of being exercised.
As a result of these exercises, the total number of options in issue is 1,159,689, equivalent to 2.3 percent of the current issued share capital of the Company.
Ian Mattioli's resultant interests in the Company are:
Director/PDMR | Date of transaction | Number of shares purchased | Purchase price | Total shares held | Percentage of issued share capital |
Ian Mattioli | 29-Dec-2021 | 200,016 | 1p | 3,603,448 | 7.11% |
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 | Ian Mattioli
| |
2 | Reason for the notification | ||
a) | Position/status
| PDMR, Chief Executive 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
| Exercise of options | |
c)
| Price(s) and volume(s)
| Price(s)
| Volume(s) |
1p per ordinary shares
| 200,016 | ||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/a (Single transaction)
£2,000.16
| |
e)
| Date of the transaction
| 29 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 | |