Business
Directorate Change and Total Voting Rights
Directorate Change and Total Voting Rights.
About this update from Tandem Group Plc
[{"type":"text","content":"\n \n \n 19 May 2022\n \n \n \n \n \n \n Tandem Group plc\n \n \n (the \"Company\" or \"Group\")\n \n \n \n \n \n \n \n \n Appointment of Chief Executive Officer\n \n \n \n \n \n \n \n \n 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.\n \n \n 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.\n \n \n 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. \n \n \n 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.\" \n \n \n 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.\n \n \n \n \n \n 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.\n \n \n \n \n \n The Options are exercisable from 31 December 2024 at a price of 325 pence per ordinary share.\n \n \n \n \n \n In addition, Mr Kimberley has been awarded 37,500 ordinary shares in the Company, These ordinary shares cannot be sold within 12 month...