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Grant of Conditional Share Options

26th Mar 2025 11:48

RNS Number : 3372C
Tekmar Group PLC
26 March 2025
 

 

Tekmar Group plc

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

 

Grant of Conditional Share Options

Tekmar Group plc, the 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" or "Plan"), and has awarded share options to the executive directors, other PDMRs and certain other employees of a total of 288,162 ordinary shares of £0.01 each in the Company ("Ordinary Shares"). The award of these options is intended to further motivate the senior team and to retain talented individuals. The share options have been awarded subject to certain conditions which are summarised below and shall vest on 25 March 2027 ("Vesting Date").

 

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

 

Name

Position

Number of Share Option Plan options granted

Total interest in Ordinary Shares (No.)

Total interest in Ordinary Shares (%)

Leanne Wilkinson

Chief Financial Officer,

Tekmar Group plc

 

72,040

614,130

0.45%

Marc Bell

Chief Operating Officer, Tekmar Group plc

 

43,224

 

466,667

 

0.34%

 

Fraser Gibson

Managing Director,

Ryder

 

43,224

111,711

0.08%

Gary Howland

Sales Director,

Tekmar Group plc

28,816

126,438

0.12%

Tallulah Whitewood-Spedding

General Counsel and Company Secretary,

Tekmar Group plc

21,612

 

0

0%

 

 

Conditions

 

Options have been awarded according to two performance criteria assessed against the Group's performance over FY24. Options were allocated equally between the two criteria, measuring performance by EBITDA and free cashflow.

 

On the Vesting Date, individuals will be entitled to acquire shares at the exercise price of 6.22p 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

 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 conditional options under the Share Option Plan

c)

Price(s) and volume(s)

Price(s)

 Volume(s)

£0.01

 72,040

d)

Aggregated information

Aggregated volume

NA

Price

NA

e)

Date of transaction

25.03.2025

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

Chief Operating 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 conditional options under the Share Option Plan

c)

Price(s) and volume(s)

Price(s)

 Volume(s)

£0.01

 43,224

d)

Aggregated information

Aggregated volume

NA

Price

NA

e)

Date of transaction

25.03.2025

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

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 conditional options under the Share Option Plan

c)

Price(s) and volume(s)

Price(s)

 Volume(s)

£0.01

 43,224

d)

Aggregated information

Aggregated volume

NA

Price

NA

e)

Date of transaction

25.03.2025

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 conditional options under the Share Option Plan

c)

Price(s) and volume(s)

Price(s)

 Volume(s)

£0.01

 28,816

d)

Aggregated information

Aggregated volume

NA

Price

NA

e)

Date of transaction

25.03.2025

f)

Place of transaction

Outside a trading venue

 

 

1

Details of the person discharging managerial responsibility / person closely associated

a)

 Name

Tallulah Whitewood-Spedding

2

Reason for the notification

a)

Position/status

General Counsel and Company Secretary, 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 conditional options under the Share Option Plan

c)

Price(s) and volume(s)

Price(s)

 Volume(s)

£0.01

21,612

d)

Aggregated information

Aggregated volume

NA

Price

NA

e)

Date of transaction

25.03.2025

f)

Place of transaction

Outside a trading venue

 

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END
 
 
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