7th May 2026 12:40
Tekmar Group plc
("Tekmar", the "Company" or the "Group")
Grant of Share Options
Tekmar Group plc (AIM: TGP), a leading provider of asset protection technology and offshore energy services, announces that the Group has established a share option plan which has granted share options on 6 May 2026 (the "May 2026 Plan", the "Plan") to certain directors of the Group ("Directors") and other Persons Discharging Managerial Responsibility ("PDMR") employees.
Background to and Key Terms of the Share Option Plan
Steve Lockard has been a non-executive director of Tekmar since April 2023, joining the Board at the time of SCF Partners' investment in the Group, where Steve was a co-investor. Steve subsequently assumed the role of Chair in June 2024. Steve brings a wealth of experience in the offshore energy sector and brings valuable insight to the Group's value creation and platform building strategy, both organically and through M&A.
To reflect Steve's significant Board level contribution, and to align his involvement with the interests of the Company's shareholders, Steve has been granted 1,500,000 share options under the Plan with the following conditions:
- 500,000 share options at an exercise price of 1.00p exercisable from date of grant;
- 500,000 share options at an exercise price of 5.00p exercisable from date of grant; and
- 500,000 share options at an exercise price of 5.00p exercisable after the share price has exceeded 19.99p.
The share options under the Plan (the "New Share Options") represent 1,500,000 shares in aggregate, equivalent to 1.07% of the Company's current issued share capital of 139,551,387. Total ordinary shares under option (including the New Share Options and those Share Options announced earlier on 7 May 2026) represent 8.2% of the Company's current issued share capital.
The relevant Director / PDMR Notification is set out further below.
Enquiries:
Tekmar Group plc Richard Turner, CEO Phil Lanigan, CFO
| c/o +44 (0)20 4582 3500 |
| |
Cavendish Capital Markets Limited (Nomad and Broker) Peter Lynch Neil McDonald Pearl Kellie
| +44 (0)131 220 9772 +44 (0)131 220 9771 +44 (0)131 220 9775 |
| |
Gracechurch Group (Financial Media & Investor Relations) Murdo Montgomery Alexis Gore | +44 (0)20 4582 3500 |
About Tekmar Group plc
Tekmar Group plc collaborates with its partners to deliver robust and sustainable engineering led solutions that enable the world's energy transition.
Through our Offshore Energy and Marine Civils Divisions we provide a range of engineering services and technologies to support and protect offshore wind farms and other offshore energy assets and marine infrastructure. With near 40 years of experience, we optimise and de-risk projects, solve customer's engineering challenges, improve safety and lower project costs. Our capabilities include geotechnical design and analysis, simulation and engineering analysis, bespoke equipment design and build, subsea protection technology and subsea stability technology.
We have a clear strategy focused on strengthening Tekmar's value proposition as an engineering solutions-led business which offers integrated and differentiated technology, services and products to our global customer base.
Headquartered in Newton Aycliffe, UK, Tekmar Group has an extensive global reach with offices, manufacturing facilities, strategic supply partnerships and representation in 18 locations across Europe, Africa, the Middle East, Asia Pacific and North America.
For more information visit: www.tekmargroup.com
Director / PDMR Notification
1 | Details of the Director | ||
a) | Name | Steve Lockard | |
2 | Reason for the notification | ||
a) | Position/status | Chair, 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 | 500,000 | ||
|
| £0.05 | 500,000 |
|
| £0.05 | 500,000 |
d) | Aggregated information | ||
Aggregated volume | NA | ||
Price | NA | ||
e) | Date of transaction | 6 May 2026 | |
f) | Place of transaction | Outside a trading venue | |
Related Shares:
Tekmar Group