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RNS Number : 9471G Mincon Group Plc 15 March 2024
Mincon Group plc
("Mincon" or the "Company")
Director / PDMR Shareholding
The Company announces that on 14 March 2024, it granted options over ordinary
shares of nominal value €0.01 each in the capital of the Company ("Ordinary
Shares") to certain employees pursuant to the Company's 2022 Long Term
Incentive Plan (the "Plan").
Options over an aggregate of 2,860,000 Ordinary Shares (the "Options") have
been granted under the Plan, exercisable at a price of €0.52 each, being the
share price at the time of grant. The Options will vest on the third
anniversary of the award date, subject to the achievement of specified
performance conditions (see below). Vested Options will expire if they have
not been exercised after seven years from the date of grant.
The Options will vest subject to the satisfaction of the following performance
conditions: (i) 50% of the Options will vest on the achievement by the Company
of a compound annual growth rate ("CAGR") in Earnings Per Share ("EPS")
greater than or equal to 25% over the three financial years ending on 31
December 2026; and (ii) 50% of the Options will vest on the achievement by the
Company of a Return on Capital Employed ("ROCE") of greater than or equal to
13% for the financial year ended 31 December 2026.
Details of the grants of Options over Ordinary Shares to persons discharging
managerial responsibilities are set out in the table at the end of this
announcement.
Ends
15 March 2024
Mincon Group plc Tel: +353 (61) 361 099
Joe Purcell CEO
Mark McNamara CFO
Davy Corporate Finance
(Nominated Adviser, Euronext Growth Listing Sponsor and Joint Broker) Tel:
+353 (1) 679 6363
Anthony Farrell
Daragh O'Reilly
Shore Capital (Joint Broker) Tel: +44 (0) 20 7408 4090
Malachy McEntyre
Mark Percy
Daniel Bush
Notification of Transactions by Persons Discharging Managerial
Responsibilities and Persons Closely Associated with them
This form is required for disclosure of transactions under Article 19 of
Regulation (EU) No 596/2014 of the European Parliament and of the Council of
16 April 2014 on market abuse (Market Abuse Regulation)
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name
Mark McNamara
2 Reason for the notification
a) Position/status
Chief Financial Officer / PDMR
b) Initial Notification Amendment
Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Mincon Group plc
b) LEI 635400LCBSV68KQHN886
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 Options to subscribe for Ordinary Shares of Nominal Value €0.01 each.
instrument
Identification code ISIN: IE00BD64C665
b) Nature of the transaction
Grant of Options to subscribe for new Ordinary Shares under the Mincon Group
plc Long Term Incentive Plan 2022. Options shall vest over a three year
period, subject to the satisfaction of performance conditions.
c) Price(s) and volume(s)
Price(s) Volume(s)
€0.52 200,000
d) Aggregated information
- Aggregated volume N/A
- Price
N/A
e) Date of the transaction
14 March 2024
f) Place of the transaction
Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
N/A
e)
Date of the transaction
14 March 2024
f)
Place of the transaction
Outside a trading venue
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