REG - Anexo Group PLC - Grant of Share Options and PDMR Dealing

AnexoAnnouncement

26/09/2024 07:00

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RNS Number : 7109F  Anexo Group PLC  26 September 2024

26 September 2024

Anexo Group plc

('Anexo' or the 'Company')

Grant of Share Options and PDMR Dealing

 

Anexo Group plc (AIM: ANX), the specialist integrated credit hire and legal
services provider, is pleased to announce the implementation of a new Long
Term Incentive Plan ("LTIP") designed to ensure that the interests of
shareholders are aligned with the interests of key employees, and that
employees are rewarded for their contribution to outstanding future
performance. As part of the LTIP, options over 2,751,769 ordinary shares of
0.05p each in Anexo Group plc ("Ordinary Shares") have been granted to a
number of employees, including the following persons discharging managerial
responsibilities ("PDMRs") of Anexo for nil cost (the "2024 Options") as
follows:

 

 Director/PDMR    Role      Number of Ordinary Shares subject to FY24 option grant  Total number of Ordinary Shares under option post grant  Total as % of existing issued share capital
 Mark Bringloe    CFO                  396,153                                      396,153                                                  0.33
 Dawn O'Brien     Director  384,615                                                 384,615                                                  0.32
 Gary Carrington  Director  269,230                                                 269,230                                                  0.23

 

The FY2024 options have been awarded under the Anexo Group plc LTIP scheme and
have a three-year vesting period and an exercise price of 65p per Ordinary
Share. They are also subject to certain performance criteria and the overall
underlying performance of the Company. The number of options which vest will
vary depending on the level of achievement between threshold, target and
stretch performance levels.

 

Following the grant of the 2024 options, the total number of options granted
represents 2.33% of the fully diluted number of Ordinary Shares.

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         1.   Mark Bringloe

                                                                   2.   Dawn O'Brien

                                                                   3.   Gary Carrington
 2    Reason for the notification
 a)   Position/status                                              1.CFO

                                                                   2. Director, Bond Turner

                                                                   3. Operational/Commercial Director

 b)   Initial notification/Amendment                               Initial Notification
 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                         Anexo Group plc
 b)   LEI                                                          213800CJHD5C8M4MEY87
 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  Options over Ordinary Shares of 0.05p each

      Identification code                                          ISIN: GB00BF2G3L29

 b)   Nature of transaction                                        Grant of Options over Ordinary Shares pursuant to Anexo Group plc Long Term
                                                                   Incentive Plan

 c)   Price(s) and volume(s)                                       Price(s)                                Volume(s)
                                                                   1.   Nil                                396,153

                                                                                                           384,615

                                                                   2.   Nil                                269,230

                                                                   3.   Nil

      Aggregated information                                       Not applicable

      -      Aggregated volume

      -      Price

 e)   Date of the transaction                                      24 September 2024
 f)   Place of the transaction                                     Outside of a trading venue

 

 

 

For further enquiries:

 

 Anexo Group plc                                   +44 (0) 151 227 3008

                                                   www.anexo-group.com (http://www.anexo-group.com/)
 Alan Sellers, Executive Chairman

 Mark Bringloe, Chief Financial Officer

 Nick Dashwood Brown, Head of Investor Relations

 Zeus                                              +44 (0) 20 3829 5000

 (Nominated Adviser & Broker)
 Hugh Morgan/ David Foreman / Darshan Patel (Investment Banking)

 Fraser Marshall / Simon Johnson (Corporate Broking)

 

Notes to Editors:

Anexo is a specialist integrated credit hire and legal services provider. The
Group has created a unique business model by combining a direct capture Credit
Hire business with a wholly owned Legal Services firm. The integrated business
targets the impecunious not at fault motorist, referring to those who do not
have the financial means or access to a replacement vehicle.

Through its dedicated Credit Hire sales team and network of 1,100 plus active
introducers around the UK, Anexo provides customers with an end-to-end service
including the provision of Credit Hire vehicles, assistance with repair and
recovery, and claims management services. The Group's Legal Services division,
Bond Turner, provides the legal support to maximise the recovery of costs
through settlement or court action as well as the processing of any associated
personal injury claim.

Bond Turner incorporates a number of other specialist legal divisions. One
deals with housing disrepair claims acting for clients living in conditions
where there is disrepair, damp and mould, and concentrates mainly on the
social housing sector. Another focuses on large loss claims, including
professional and clinical negligence and complex medical claims. Bond Turner
is also involved in group actions including diesel emissions and is currently
pursuing claims against Mercedes and several other major manufacturers.

The Group was admitted to trading on AIM in June 2018 with the ticker ANX. For
additional information please visit: www.anexo-group.com

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