Company Announcements

Grant of Conditional Share Options

Source: RNS
RNS Number : 2190S
Tekmar Group PLC
13 June 2024
 

 

Tekmar Group plc

("Tekmar", the "Group" or the "Company")

 

Grant of Conditional Share Options

Tekmar Group plc, a leading provider of technology and services for the global offshore energy markets, announces that the Group has established a share option plan (the "Share Option Plan"), which awards share options to the executive directors, other PDMRs and certain other employees of up to 3,666,401 ordinary shares of £0.01 each in the Company ("Ordinary Shares"). The award of these options is in accordance with  the intention set out in the circular to shareholders dated 3 April 2023 to award shares to certain Group employees in lieu of the Company's LTIP awards for the prior financial year.  The share options comprise three equal tranches of Ordinary Shares which vest at intervals up to 20 April 2026 subject to certain conditions which are summarised below.

 

The following Persons Discharging Managerial Responsibility ("PDMRs") have been granted options:

 

Name

Position

Number of options granted under the Share Option Plan

Total interest in Ordinary Shares (No.)

Total interest in Ordinary Shares (%)

Alasdair MacDonald

 

Chief Executive Officer Tekmar Group plc

2,427,600

3,049,867

2.24%

Leanne Wilkinson

Chief Financial Officer

Tekmar Group plc

 

375,000

489,130

0.36%

Marc Bell

 

Managing Director Tekmar Energy Ltd

 

350,000

 

350,000

 

0.26%

 

Fraser Gibson

Managing Director

Ryder

 

 

261,800

0

0%

Gary Howland

Sales Director

Tekmar Group plc

 

126,438

126,438

0.09%

David Blake

Sales Director

Pipeshield International Limited

81,813

 

0

0%

 

Conditions

 

Options may not be exercised under the Share Option Plan until the relevant vesting dates, of which there are three:

·    the date of grant;

·    20 April 2025; and

·    20 April 2026.

 

On each vesting date, individuals will be entitled to acquire shares at the exercise price of £0.01  provided that they remain employed at that date. 

 

The relevant notification set out below is provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.

 

1

Details of the person discharging managerial responsibility / person closely associated

a)

 Name

Alasdair MacDonald

2

Reason for the notification

a)

Position/status

Chief Executive Officer, Tekmar Group plc

b)

Initial notification/amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

 Tekmar Group plc

b)

LEI

213800839UQKQTV33E71

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

Ordinary shares of £0.01 each

Identification code

GB00BDFGGK53

b)

Nature of transaction

Grant of options under the Share Option Plan

c)

Price(s) and volume(s)

Price(s)

 Volume(s)

£0.01

 2,427,600

d)

Aggregated information



Aggregated volume

NA



Price

NA

e)

Date of transaction


f)

Place of transaction

Outside a trading venue

 

 

1

Details of the person discharging managerial responsibility / person closely associated

a)

 Name

 Leanne Wilkinson

2

Reason for the notification

a)

Position/status

Chief Financial Officer, Tekmar Group plc

b)

Initial notification/amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

 Tekmar Group plc

b)

LEI

213800839UQKQTV33E71

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

Ordinary shares of £0.01 each

Identification code

GB00BDFGGK53

b)

Nature of transaction

Grant of options under the Share Option Plan

c)

Price(s) and volume(s)

Price(s)

 Volume(s)

£0.01

 375,000

d)

Aggregated information



Aggregated volume

NA



Price

NA

e)

Date of transaction


f)

Place of transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibility / person closely associated

a)

 Name

 Marc Bell

2

Reason for the notification

a)

Position/status

Managing Director, Tekmar Energy Limited

b)

Initial notification/amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

 Tekmar Group plc

b)

LEI

213800839UQKQTV33E71

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

Ordinary shares of £0.01 each

Identification code

GB00BDFGGK53

b)

Nature of transaction

Grant of options under the Share Option Plan

c)

Price(s) and volume(s)

Price(s)

 Volume(s)

£0.01

 350,000

d)

Aggregated information



Aggregated volume

NA



Price

NA

e)

Date of transaction


f)

Place of transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibility / person closely associated

a)

 Name

 Fraser Gibson

2

Reason for the notification

a)

Position/status

Managing Director, Ryder Geotechnical Limited

b)

Initial notification/amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

 Tekmar Group plc

b)

LEI

213800839UQKQTV33E71

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

Ordinary shares of £0.01 each

Identification code

GB00BDFGGK53

b)

Nature of transaction

Grant of options under the Share Option Plan

c)

Price(s) and volume(s)

Price(s)

 Volume(s)

£0.01

 261,800

d)

Aggregated information



Aggregated volume

NA



Price

NA

e)

Date of transaction


f)

Place of transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibility / person closely associated

a)

 Name

Gary Howland

2

Reason for the notification

a)

Position/status

Sales Director, Tekmar Group plc

b)

Initial notification/amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

 Tekmar Group plc

b)

LEI

213800839UQKQTV33E71

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

Ordinary shares of £0.01 each

Identification code

GB00BDFGGK53

b)

Nature of transaction

Grant of options under the Share Option Plan

c)

Price(s) and volume(s)

Price(s)

 Volume(s)

£0.01

 126,438

d)

Aggregated information



Aggregated volume

NA



Price

NA

e)

Date of transaction


f)

Place of transaction

Outside a trading venue

 

 

1

Details of the person discharging managerial responsibility / person closely associated

a)

 Name

David Blake

2

Reason for the notification

a)

Position/status

Sales Director, Pipeshield International Limited

b)

Initial notification/amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

 Tekmar Group plc

b)

LEI

213800839UQKQTV33E71

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

Ordinary shares of £0.01 each

Identification code

GB00BDFGGK53

b)

Nature of transaction

Grant of options under the Share Option Plan

c)

Price(s) and volume(s)

Price(s)

 Volume(s)

£0.01

 81,813

d)

Aggregated information



Aggregated volume

NA



Price

NA

e)

Date of transaction


f)

Place of transaction

Outside a trading venue

 

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