Last checked at 11 Feb 2022 17:30
11 February 2022
Mattioli Woods plc
("Mattioli Woods" or "the Company")
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 10 February 2022, 32,203 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 PDMRs Michael Wright and Nathan Imlach.
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 |
Michael Wright | 83,000 | 10 Feb 2022 | 3,000 | 80,000 |
Nathan Imlach | 99,203 | 10 Feb 2022 | 29,203 | 70,000 |
Following this exercise, the executive directors and PDMRs hold 504,200 unexercised LTIP Nominal Cost Options, of which 1,000 are capable of being exercised.
As a result of these exercises, the total number of options in issue is 1,106,091, equivalent to 2.2 percent of the current issued share capital of the Company.
Following the exercise of the options, on 10 February 2022 Ian Mattioli, Michael Wright, Nathan Imlach and Simon Gibson sold 226,870 Ordinary Shares at a price of 800 pence per share. On 11 February 2022, Ian Mattioli sold a further 200,000 Ordinary Shares, plus 30,000 shares previously held by The Ian and Clare Mattioli Charitable Trust under his direction, at a price of 800 pence per share. Aside from the sale of 14,260 shares on 7 January 2022, Ian's last share sale was over six years ago in November 2015. This sale was completed as part of a previously announced instruction that was unable to complete due to Ian being classed as an insider under MAR until the release of The Company's interim results on 8 February 2022.
Their resultant interests in the Company are:
Director/PDMR | Date of transaction | Number of shares purchased | Purchase price | Date of transaction | Number of shares sold | Sale price | Total shares held | Percentage of issued share capital |
Ian Mattioli* | - | - | - | 10-11 Feb 2022 | 415,756 | 800p | 3,173,432 | 6.23% |
Michael Wright | 10 Feb 2022 | 3,000 | 1p | 10 Feb 2022 | 1,418 | 800p | 20,660 | 0.04% |
Nathan Imlach | 10 Feb 2022 | 29,203 | 1p | 10 Feb 2022 | 29,203 | 800p | 121,712 | 0.24% |
Simon Gibson | - | - | - | 10 Feb 2022 | 10,493 | 800p | 125,901 | 0.25% |
*of which 30,000 shares sold from The Ian and Clare Mattioli Charitable Trust
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. Michael Wright 2. Nathan Imlach
| |
2 | Reason for the notification | ||
a) | Position/status
| 1. PDMR, Group Managing Director 2. PDMR, Chief Strategic Advisor
| |
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
| Ordinary Shares of 1 pence each
ISIN: GB00B0MT3Y97
| |
b)
| Nature of the transaction
| Exercise of options | |
c)
| Price(s) and volume(s)
| Price(s)
| Volume(s) |
1. 1p per ordinary share 2. 1p per ordinary share
| 1. 3,000 2. 29,203 | ||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/a (Single transaction)
1. £3.00 2. £292.03
| |
e)
| Date of the transaction
| 10 February 2022
| |
f)
| Place of the transaction
| Outside of a trading venue | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | 1,2. Ian Mattioli 3. Michael Wright 4. Nathan Imlach 5. Simon Gibson
| |
2 | Reason for the notification | ||
a) | Position/status
| 1,2. PDMR, Chief Executive Officer 3. PDMR, Group Managing Director 4. PDMR, Chief Strategic Advisor 5. PDMR, Chief Investment 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
| Ordinary Shares of 1 pence each
ISIN: GB00B0MT3Y97
| |
b)
| Nature of the transaction
| Sale of shares | |
c)
| Price(s) and volume(s)
| Price(s)
| Volume(s) |
1. 800p per ordinary share 2. 800p per ordinary share 3. 800p per ordinary share 4. 800p per ordinary share 5. 800p per ordinary share | 1. 185,756 2. 230,000 3. 1,418 4. 29,203 5. 10,493
| ||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/a (Single transaction)
1. £1,486,048.00 2. £1,840,000.00 3. £11,344.00 4. £233,624.00 5. £83,944.00
| |
e)
| Date of the transaction
| 1,3,4,5. 10 February 2022 2. 11 February 2022
| |
f)
| Place of the transaction
| London Stock Exchange, AIM | |
- 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 | |
Singer Capital Markets (Joint Broker) | ||
Justin McKeegan | Tel: +44 (0) 20 7496 3000 | |
Tom Salvesen | www.singercm.com | |
Alaina Wong | ||