Sign In
11 Feb 2022 17:30
Â
Â
11 February 2022
Â
Mattioli Woods plc
Â
("Mattioli Woods" or "the Company")
Â
Notification of Transactions of Persons Discharging Managerial Responsibilities ("PDMRs")
Â
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.
Â
The transactions by PDMRs were as follows:
Â
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 |
Â
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.
Â
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.
Â
Following the exercise of the options, on 10Â 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.
Â
Their resultant interests in the Company are:
Â
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% |
Â
*of which 30,000 shares sold from The Ian and Clare Mattioli Charitable Trust
Â
The above information is provided by the Company in accordance with its obligations under the FCA's Disclosure and Transparency Rules.
Â
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
Â
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.
Â
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) Â | LEI Â | 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) Â | Price(s) and volume(s) Â Â | Â Price(s) Â | 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 | |
Â
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) Â | LEI Â | 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) Â | Price(s) and volume(s) Â Â | Â Price(s) Â | 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 Â | ||
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 | |
Â
- Ends -
Â
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 | ||
Â
Follow the stocks
