Mattioli Woods PLC Director/PDMR Shareholding (5308Y)
March 03 2017 - 11:33AM
UK Regulatory
TIDMMTW
RNS Number : 5308Y
Mattioli Woods PLC
03 March 2017
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, has been notified of 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 GBP7.50 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:
Total Interest in Total Interest in
Cash Awards Before Cash Awards settled Cash Awards
Name Settlement on 3 March 2017 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"):
Total interest in
Nominal Cost Options
Name following LTIP Awards
------------- ----------------------
Ian Mattioli 148,149
Bob Woods 49,243
PDMR dealing
The Company announces that it has received the following
notification of dealings in [Ordinary Shares] from Ian Mattioli.
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 Initial Notification
/Amendment
--- --------------------------- -----------------------------------
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 Cash LTIP awards
the financial
instrument, type
of instrument ISIN: GB00B0MT3Y97
Identification
code
--- --------------------------- -----------------------------------
b) Nature of the Exercise of cash settled LTIP
transaction awards
--- --------------------------- -----------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s)
--- --------------------------- ---------------- -----------------
N/a 1. 85,706
2. 62,443
--- --------------------------- ---------------- -----------------
d) Aggregated information
- Aggregated N/a (Single transaction)
volume
- Price
e) Date of the transaction 1. 3 March 2017
2. 3 March 2017
--- --------------------------- -----------------------------------
f) Place of the Outside of a trading market
transaction
--- --------------------------- -----------------------------------
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 Tel: +44 (0) 116 240
Officer 8700
www.mattioli-woods.com
Canaccord Genuity Limited
Sunil Duggal, Investment Tel: +44 (0) 20 7523
Banking 8000
Andrew Buchanan, Corporate www.canaccordgenuity.com
Broking
Kit Stephenson, Corporate
Broking
This information is provided by RNS
The company news service from the London Stock Exchange
END
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