REG - Argentex Group PLC - Grant of Awards Under New LTIP
10/11/2022 07:00
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RNS Number : 9046F Argentex Group PLC 10 November 2022
10 November 2022
Argentex Group PLC
("Argentex" or the "Group")
Grant of Awards Under New LTIP, PDMR Notification
Following Argentex's announcement on 8 November 2022 regarding the
establishment of a new Long Term Incentive Plan ("LTIP" and the
"Announcement"), the Group today announces the following awards to Persons
Discharging Managerial Responsibility:
PDMR Role % of total award Aggregate no. of growth shares issued under the new LTIP No. of existing options cancelled
Harry Adams CEO 12% 2,400 -
David Christie Chief Operating Officer 12% 2,400 905,660
Jo Stent Chief Financial Officer 6% 1,200 452,830
Any capitalised terms contained within this announcement take the meaning
given to them in the Announcement.
For further information, please contact:
Argentex Group PLC
Harry Adams - Chief Executive Officer
Jo Stent - Chief Financial Officer
investorrelations@argentex.com
FTI Consulting (Financial PR)
Ed Berry / Ambrose Fullalove / Jenny Boyd
argentex@fticonsulting.com
Singer Capital Markets (Nominated Adviser and Broker)
Tom Salvesen / James Maxwell / Justin McKeegan
020 7496 3000
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Harry Adams
2 Reason for the notification
a) Position/status Chief Executive Officer
b) Initial notification /Amendment Initial
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Argentex Group plc
b) LEI 2549007V7B928Q178194
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 Growth A shares and growth B shares, each in the capital of Argentex Capital
Limited (a wholly owned subsidiary of the Company) under the Company's LTIP.
Subject to certain performance conditions being met, the growth shares will be
exchanged for ordinary shares in the capital of the Company.
Identification code GB00BJLPH056 (Ordinary Shares)
b) Nature of the transaction Subscription of 1,200 Growth A Shares and 1,200 Growth B Shares at £85.00 per
share under the Company's LTIP.
c) Price(s) and volume(s) Transaction Price(s) Volume(s)
Subscription of 1,200 growth A shares in the capital of Argentex Capital £85.00 per share 1,200
Limited
Subscription of 1,200 growth B shares in the capital of Argentex Capital £85.00 per share 1,200
Limited
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 9 November 2022
f) Place of the transaction Off-market transaction
d)
Aggregated information
- Aggregated volume
N/A
- Price
e)
Date of the transaction
9 November 2022
f)
Place of the transaction
Off-market transaction
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name David Christie
2 Reason for the notification
a) Position/status Chief Operating Officer
b) Initial notification /Amendment Initial
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Argentex Group plc
b) LEI 2549007V7B928Q178194
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 Growth A shares and growth B shares, each in the capital of Argentex Capital
Limited (a wholly owned subsidiary of the Company) under the Company's LTIP.
Subject to certain performance conditions being met, the growth shares will be
exchanged for ordinary shares in the capital of the Company.
Cancellation of existing options over Argentex ordinary shares pursuant to the
Company's existing CSOP.
Identification code GB00BJLPH056 (Ordinary Shares)
b) Nature of the transaction Subscription of 1,200 Growth A Shares and 1,200 Growth B Shares at £85.00 per
share under the Company's LTIP.
Cancellation of 905,660 existing options over Argentex ordinary shares
pursuant to the Company's existing CSOP.
c) Price(s) and volume(s) Transaction Price(s) Volume(s)
Cancellation of Existing Options over Ordinary Shares 135p 905,660
Subscription of 1,200 growth A shares in the capital of Argentex Capital £85.00 per share 1,200
Limited
Subscription of 1,200 growth B shares in the capital of Argentex Capital £85.00 per share 1,200
Limited
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 9 November 2022
f) Place of the transaction Off-market transaction
d)
Aggregated information
- Aggregated volume
N/A
- Price
e)
Date of the transaction
9 November 2022
f)
Place of the transaction
Off-market transaction
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Jo Stent
2 Reason for the notification
a) Position/status Chief Financial Officer
b) Initial notification /Amendment Initial
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Argentex Group plc
b) LEI 2549007V7B928Q178194
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 Growth A shares and growth B shares, each in the capital of Argentex Capital
Limited (a wholly owned subsidiary of the Company) under the Company's LTIP.
Subject to certain performance conditions being met, the growth shares will be
exchanged for ordinary shares in the capital of the Company.
Cancellation of existing options over Argentex ordinary shares pursuant to the
Company's existing CSOP.
Identification code GB00BJLPH056 (Ordinary Shares)
b) Nature of the transaction Subscription of 1,200 Growth A Shares and 1,200 Growth B Shares at £85.00 per
share under the Company's LTIP.
Cancellation of 452,830 existing options over Argentex ordinary shares
pursuant to the Company's existing CSOP.
c) Price(s) and volume(s) Transaction Price(s) Volume(s)
Cancellation of Existing Options over Ordinary Shares 135p 452,830
Subscription of 600 growth A shares in the capital of Argentex Capital Limited £85.00 per share 600
Subscription of 600 growth B shares in the capital of Argentex Capital Limited £85.00 per share 600
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 9 November 2022
f) Place of the transaction Off-market transaction
d)
Aggregated information
- Aggregated volume
N/A
- Price
e)
Date of the transaction
9 November 2022
f)
Place of the transaction
Off-market transaction
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