REG - Calnex Solutions PLC - Long-Term Incentive Plan Awards
11/08/2023 14:00
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230811:nRSK1168Ja&default-theme=true
RNS Number : 1168J Calnex Solutions PLC 11 August 2023
Calnex Solutions plc
("Calnex" or the "Company")
Long-Term Incentive Plan Awards
Calnex Solutions plc (AIM: CLX), a leading provider of test and measurement
solutions for the global telecommunications sector, is pleased to confirm that
the Company has now implemented a long-term incentive plan ("LTIP") for the
executive and senior management team, under which it is intended that annual
awards subject to performance metrics will be granted.
As indicated in Calnex's annual report for the year ended 31 March 2023
("Annual Report") the Company obtained external advice on the design of the
LTIP and consulted with shareholders on its key terms.
A total of 931,426 awards under the LTIP have been granted in the form of
nominal cost share options, which will vest over a three-year period
commencing 1 April 2023, subject to the satisfaction of performance metrics
relating to the Company's earnings per share, revenue and absolute shareholder
return.
Further details on the LTIP are set out in the Annual Report.
For more information, please contact:
Calnex Solutions plc Via Alma PR
Tommy Cook, Chief Executive Officer
Ashleigh Greenan, Chief Financial Officer
Cenkos Securities plc - Nomad +44 (0)131 220 6939
Derrick Lee / Peter Lynch
Alma PR + 44(0) 20 3405 0213
Caroline Forde, Hannah Campbell, Joe Pederzolli
1 Details of PDMR/person closely associated with them ("PCA")
a) Name Tommy Cook
2 Reason for the Notification
a) Position/Status Director - CEO
b) Initial notification / amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Calnex Solutions plc
b) LEI 213800GY6TURGL3HYT04
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 Ordinary shares of 0.125 pence
Identification code GB00BMBK7016
b) Nature of the transaction Grant of awards under the Company's Long-Term Incentive Plan (LTIP) with an
exercise price of 1 pence per share
c) Price(s) and volume(s) Price(s) Volume(s)
1p 184,460
d) Aggregated information
· Aggregated volume N/A
· Price
e) Date of the transaction 5 June 2023
f) Place of the transaction Outside of a trading venue
d)
Aggregated information
· Aggregated volume
· Price
N/A
e)
Date of the transaction
5 June 2023
f)
Place of the transaction
Outside of a trading venue
1 Details of PDMR/person closely associated with them ("PCA")
a) Name Ashleigh Greenan
2 Reason for the Notification
a) Position/Status Director - CFO
b) Initial notification / amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Calnex Solutions plc
b) LEI 213800GY6TURGL3HYT04
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 Ordinary shares of 0.125 pence
Identification code GB00BMBK7016
b) Nature of the transaction Grant of awards under the Company's Long-Term Incentive Plan (LTIP) with an
exercise price of 1 pence per share
c) Price(s) and volume(s) Price(s) Volume(s)
1p 132,433
d) Aggregated information
· Aggregated volume N/A
· Price
e) Date of the transaction 5 June 2023
f) Place of the transaction Outside of a trading venue
d)
Aggregated information
· Aggregated volume
· Price
N/A
e)
Date of the transaction
5 June 2023
f)
Place of the transaction
Outside of a trading venue
1 Details of PDMR/person closely associated with them ("PCA")
a) Name Anand Ram
2 Reason for the Notification
a) Position/Status PDMR - VP Business Development
b) Initial notification / amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Calnex Solutions plc
b) LEI 213800GY6TURGL3HYT04
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 Ordinary shares of 0.125 pence
Identification code GB00BMBK7016
b) Nature of the transaction Grant of awards under the Company's Long-Term Incentive Plan (LTIP) with an
exercise price of 1 pence per share
c) Price(s) and volume(s) Price(s) Volume(s)
1p 302,703
d) Aggregated information
· Aggregated volume N/A
· Price
e) Date of the transaction 5 June 2023
f) Place of the transaction Outside of a trading venue
d)
Aggregated information
· Aggregated volume
· Price
N/A
e)
Date of the transaction
5 June 2023
f)
Place of the transaction
Outside of a trading venue
1 Details of PDMR/person closely associated with them ("PCA")
a) Name Jeff Wright
2 Reason for the Notification
a) Position/Status PDMR - VP Engineering
b) Initial notification / amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Calnex Solutions plc
b) LEI 213800GY6TURGL3HYT04
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 Ordinary shares of 0.125 pence
Identification code GB00BMBK7016
b) Nature of the transaction Grant of awards under the Company's Long-Term Incentive Plan (LTIP) with an
exercise price of 1 pence per share
c) Price(s) and volume(s) Price(s) Volume(s)
1p 107,231
d) Aggregated information
· Aggregated volume N/A
· Price
e) Date of the transaction 5 June 2023
f) Place of the transaction Outside of a trading venue
d)
Aggregated information
· Aggregated volume
· Price
N/A
e)
Date of the transaction
5 June 2023
f)
Place of the transaction
Outside of a trading venue
1 Details of PDMR/person closely associated with them ("PCA")
a) Name Claire Wishart
2 Reason for the Notification
a) Position/Status PDMR - Head of HR
b) Initial notification / amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Calnex Solutions plc
b) LEI 213800GY6TURGL3HYT04
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 Ordinary shares of 0.125 pence
Identification code GB00BMBK7016
b) Nature of the transaction Grant of awards under the Company's Long-Term Incentive Plan (LTIP) with an
exercise price of 1 pence per share
c) Price(s) and volume(s) Price(s) Volume(s)
1p 63,916
d) Aggregated information
· Aggregated volume N/A
· Price
e) Date of the transaction 5 June 2023
f) Place of the transaction Outside of a trading venue
d)
Aggregated information
· Aggregated volume
· Price
N/A
e)
Date of the transaction
5 June 2023
f)
Place of the transaction
Outside of a trading venue
1 Details of PDMR/person closely associated with them ("PCA")
a) Name Ger Kirk
2 Reason for the Notification
a) Position/Status PDMR - VP Quality
b) Initial notification / amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Calnex Solutions plc
b) LEI 213800GY6TURGL3HYT04
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 Ordinary shares of 0.125 pence
Identification code GB00BMBK7016
b) Nature of the transaction Grant of awards under the Company's Long-Term Incentive Plan (LTIP) with an
exercise price of 1 pence per share
c) Price(s) and volume(s) Price(s) Volume(s)
1p 51,291
d) Aggregated information
· Aggregated volume N/A
· Price
e) Date of the transaction 5 June 2023
f) Place of the transaction Outside of a trading venue
d)
Aggregated information
· Aggregated volume
· Price
N/A
e)
Date of the transaction
5 June 2023
f)
Place of the transaction
Outside of a trading venue
1 Details of PDMR/person closely associated with them ("PCA")
a) Name Stephen Edmiston
2 Reason for the Notification
a) Position/Status PDMR - VP Operations
b) Initial notification / amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Calnex Solutions plc
b) LEI 213800GY6TURGL3HYT04
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 Ordinary shares of 0.125 pence
Identification code GB00BMBK7016
b) Nature of the transaction Grant of awards under the Company's Long-Term Incentive Plan (LTIP) with an
exercise price of 1 pence per share
c) Price(s) and volume(s) Price(s) Volume(s)
1p 89,392
d) Aggregated information
· Aggregated volume N/A
· Price
e) Date of the transaction 5 June 2023
f) Place of the transaction Outside of a trading venue
d)
Aggregated information
· Aggregated volume
· Price
N/A
e)
Date of the transaction
5 June 2023
f)
Place of the transaction
Outside of a trading venue
The information in the above notification is disclosed in accordance with
Article 19 of the EU Market Abuse Regulation.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END DSHUAVAROBUWAARRecent news on Calnex Solutions
See all newsREG - Calnex Solutions PLC - Notice of Investor Presentation
AnnouncementREG - Calnex Solutions PLC - FY24 Trading Update and Notice of Results
AnnouncementREG - Calnex Solutions PLC - Exercise of Options
AnnouncementREG - Calnex Solutions PLC - Exercise of Options
AnnouncementREG - Calnex Solutions PLC - PDMR Dealings
Announcement