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Last checked at 
14 Jun 2016 14:12
Tandem Group plc
(the "Company")
Exercise of share options
The Company has been informed that Steve Grant and Jim Shears, Directors of the Company, have exercised share options in the ordinary shares of 25 pence each in the share capital of the Company ("Ordinary Shares") as follows:
Director | Option Scheme | Number of options exercised | Option exercise price per share | Expiry date |
Steve Grant | 2007 EMI Share Option Scheme | 25,000
| 79.00p
| 29 October 2023
|
Jim Shears | 2007 EMI Share Option Scheme | 36,278
| 107.00p
| 14 June 2021
|
The exercise of options will be satisfied by Ordinary Shares held by the Company in treasury.
Following the exercise of these options, the shares will be transferred as soon as possible to the SIPPs controlled by Steve Grant and Jim Shears.
Following the exercise of these options, the Company has 4,916,751 Ordinary Shares in issue and 1,096,729 Ordinary Shares in treasury.
The Directors are beneficially interested in Ordinary Shares as follows:
Director | Number of shares | Percentage of voting rights |
Steve Grant | 250,000 | 5.1% |
Mervyn Keene | 221,560 | 4.5% |
Jim Shears | 147,500 | 3.0% |
Phil Ratcliffe | 91,732 | 1.9% |
Simon Morris | 15,000 | 0.3% |
Following the above transactions, the Directors have options over Ordinary Shares as follows:
Director | Option Scheme | Number of options | Option exercise price per share | Expiry date |
Mervyn Keene | 2007 Employee Share Option Scheme | 86,400 | 78.91p | 14 June 2017 |
Steve Grant | 2007 Employee Share Option Scheme | 75,000 | 127.50p | 20 April 2026 |
| 2007 Employee Share Option Scheme | 22,525 | 79.00p | 29 October 2023 |
| 2007 Employee Share Option Scheme | 27,475 | 107.00p | 14 June 2021 |
Jim Shears | 2007 Employee Share Option Scheme | 53,222 | 127.50p | 20 April 2026 |
| 2007 Employee Share Option Scheme | 22,500 | 107.00p | 14 June 2021 |
| 2007 Employee Share Option Scheme | 58,897 | 127.50p | 20 April 2026 |
Phil Ratcliffe | 2007 Employee Share Option Scheme | 17,103 | 79.00p | 29 October 2023 |
| 2007 Employee Share Option Scheme | 14,000 | 107.00p | 14 June 2021 |
The Company has also been informed that Steve Grant has transferred 65,000 Ordinary Shares held personally into his SIPP. Following this transfer there is no change in the beneficial interest in the Company.
Enquiries:
Tandem Group plc
Jim Shears
Group Finance Director and Company Secretary
Telephone 0121 748 8075
Nominated Adviser
Cairn Financial Advisers LLP
Tony Rawlinson
James Caithie
Telephone 020 7148 7901
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