Tandem Group PLC Directorate Change and Total Voting Rights (0209M)
May 19 2022 - 2:02AM
UK Regulatory
TIDMTND
RNS Number : 0209M
Tandem Group PLC
19 May 2022
19 May 2022
Tandem Group plc
(the "Company" or "Group")
Appointment of Chief Executive Officer
Tandem Group plc (AIM: TND), designers, developers and
distributors of sports, leisure and mobility equipment, is
delighted to announce the appointment of Peter Kimberley as Chief
Executive Officer of the Company with immediate effect.
Peter Kimberley was appointed as a non-executive director of the
Company in November 2021 and has more than 30 years retail
experience across a number of sectors including the cycle retail
sector with specific experience in e-mobility across omnichannel,
B2B and B2C offerings - most recently as Chief Executive Officer of
Pure Electric Limited, a specialised omnichannel retailer of
e-bikes and e-scooters in the UK and Europe.
Peter was previously Managing Director of Cycle Republic
(omnichannel), Tredz (online proposition) and Boardman Bikes (brand
and design) within Halfords Group PLC between 2013 and 2020.
Steve Grant, Chairman, commented "We are very pleased that Peter
has decided to become CEO. Having been a Non-Executive Director for
6 months, he already has a strong understanding of the business and
will be able to add real value, utilising his wide and varied
experience in senior leadership roles will serve to drive the
Group's strategic direction and maximise shareholder value."
To facilitate an orderly transition of executive duties, Steve
Grant will remain Executive Chairman until the conclusion of the
Company's annual general meeting to be held on 23 June 2022, at
which point he will resume his role of Non-Executive Chairman.
In connection with his appointment, Mr. Kimberley has today been
awarded 37,500 options to subscribe for ordinary shares in the
Company under the Company's 2019 Employee Share Option Scheme (the
"Options"). Any future exercises of Options will be satisfied from
existing ordinary shares held in treasury by the Company.
The Options are exercisable from 31 December 2024 at a price of
325 pence per ordinary share.
In addition, Mr Kimberley has been awarded 37,500 ordinary
shares in the Company, These ordinary shares cannot be sold within
12 months and thereafter only with agreement from the Board. These
shares will be satisfied by the transfer of ordinary shares held by
the Company in treasury.
Following the above transaction, the Company continues to have a
total of 6,013,480 ordinary shares in issue, each carrying the
right to one vote. On 3 May 2022 a further 17,000 options to
subscribe for ordinary shares were exercised by an employee of the
Group under the 2019 Employee Share Option Scheme, which were
satisfied from existing ordinary shares held in treasury. As a
result, 603,921 ordinary shares are currently held in treasury. The
total number of voting rights in the Company is therefore 5,409,559
which may be used by shareholders in the Company as the denominator
for the calculations by which they will determine if they are
required to notify their interest in, or a change in their interest
in, the share capital of the Company under the Financial Conduct
Authority's Disclosure Guidance and Transparency Rules.
Following the issue, Mr Kimberley holds 37,500 ordinary shares
representing approximately 0.69% of the Company's issued ordinary
share capital.
The notification set out below, made in accordance with the
requirements of Article 19 of the Market Abuse Regulation, provides
further details of such dealings.
Enquiries:
Tandem Group plc
David Rock, Company Secretary
Telephone 0121 748 8075
Nominated Adviser
Cenkos Securities plc (Nominated Adviser and Broker)
Ben Jeynes / Dan Hodkinson - Corporate Finance
Michael Johnson / Russell Kerr - Sales
Telephone 020 7397 8900
Notification of a Transaction pursuant to Article 19(1) of Regulation
(EU) No. 596/2014
Details of the person discharging managerial responsibilities/person
1 closely associated
---- --------------------------------------------------------------------------------------------------
a. Name Peter Kimberley
---------------------------------------------------------------
Reason for notification
2
--------------------------------- ---------------------------------------------------------------
a. Position/Status Chief Executive Officer
--------------------------------- ---------------------------------------------------------------
b. Initial notification/ Initial Notification
Amendment
--------------------------------- ---------------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------------------------
a. Name Tandem Group plc
---------------------------------
b. LEI 213800WKK3A6NMOB6788
--------------------------------- ---------------------------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Ordinary shares of 25p each
the financial
instrument, type
of instrument
Identification ISIN: GB00B460T373
Code
--------------------------------- ---------------------------------------------------------------
b. Nature of the 1. Award of options to subscribe for new ordinary
transaction shares at 325 pence per ordinary share
2. Award of ordinary shares
--------------------------------- ---------------------------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) 1. Nil 37,500
2. Nil 37,500
----------
---------------------------------
d. Aggregated information N/A - single transactions
- Aggregated
Volume
- Price
--------------------------------- ---------------------------------------------------------------
e. Date of the transaction 1. 19 May 2022
2. 19 May 2022
--------------------------------- ---------------------------------------------------------------
f. Place of the 1. Outside of a trading venue
transaction
--------------------------------- ---------------------------------------------------------------
This announcement contains inside information for the purposes
of the UK Market Abuse Regulation and the Directors of the Company
take responsibility for this announcement.
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END
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