REG - Earnz PLC - Launch of SAYE Scheme and LTIP Awards

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RNS Number : 4694E  Earnz PLC  23 October 2025

RNS

23 October 2025

EARNZ plc
("EARNZ", the "Company" or the "Group")

Launch of SAYE Scheme and LTIP Awards

 

EARNZ (AIM:EARN), the energy services company whose objective is to capitalise
on the drive for global decarbonisation, is pleased to announce that it has
launched the 2025 Save As You Earn share scheme ("2025 SAYE Scheme") for all
eligible UK-based employees.

 

The 2025 SAYE Scheme allows eligible employees to commit to making a deduction
from salary each month over three years. These employees shall be granted a
corresponding number of options over the Company's ordinary shares of £0.04
("Ordinary Shares"), subject to certain customary conditions being satisfied.
Participants may opt to withdraw from the 2025 SAYE Scheme, recovering paid-in
funds, at any point. Participants who have made 36 monthly payments may also
opt to exercise their options at the exercise price of 4.2p or withdraw their
savings in full.

The exercise price has been determined by applying a discount of approximately
15% to the average closing price of the Company's Ordinary Shares over the
three preceding days (4.93p).

In addition, pursuant to the Earnz PLC Long Term Incentive Plan 2024 (the
"Plan"), the Company has granted Nil Cost Options as detailed below:

 

                 Position                 Type of Award  Number of Ordinary Shares over which options awarded
 Peter Smith     Chief Executive Officer  LTIP           1,000,000
 Elizabeth Lake  Chief Financial Officer  LTIP           1,000,000

 

The awards will vest and become exercisable on the third anniversary of the
grant date, subject to the achievement of specified share price performance
hurdles.

 

Changes to Option Terms

 

The Admission Document dated 9 August 2024 ("Admission Document") stated that
the Company awarded Bob Holt, Elizabeth Lake and John Charlton nil cost
options over such Ordinary Shares as shall constitute 3%, 1% and 1%
respectively of the issued share capital of the Company at the "Vesting Date".

The Remuneration Committee of the Company has resolved that this will be
changed to 3%, 1% and 1% respectively of the issued share capital of the
Company at the "Admission Date". This results in the number of options awarded
changing as follows:

 

                 Position                 Number of options awarded based on Vesting Date  Number of options awarded based on Admission Date
 Bob Holt        Chief Executive Officer  4,017,251                                        3,066,192
 Elizabeth Lake  Chief Financial Officer  1,339,084                                        1,022,064
 John Charlton   Company Secretary        1,339,084                                        1,022,064

 

These changes have been made by the remuneration committee to simplify
awarding of share incentives.

All other conditions attaching to the LTIP options remain unchanged.

 

 

 

For further information, please contact:

 

   EARNZ
 plc
   Bob Holt - Chair                                                                                                                                                                                                      +44 (0) 7778 798 816

   Peter Smith - Chief Executive                                                                                                                                                                                         +44 (0) 7736 77 7790

   Elizabeth Lake - Chief Financial Officer                                                                                                                                                                              +44 (0) 7901 514268

Zeus Capital (Nomad and Broker)
 Antonio Bossi / Dominic King / Andrew de Andrade

 +44 (0) 20 3829 5000

 Camarco (Financial PR)

 Ginny Pulbrook/Andrew Turner/Rachel Scott earnz@camarco.co.uk: 44 (0) 203 757
 4980

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

 1                                   Details of the person discharging managerial responsibilities / person closely
                                     associated
 a)                                  Name                                              1.   Peter Smith

                                                                                       2.   Elizabeth Lake

 2                                   Reason for the notification
 a)                                  Position/status                                   1.   Chief Executive Officer

                                                                                       2.   Chief Financial Officer
 b)                                  Initial notification/Amendment                    Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                            Earnz plc
 b)  LEI                                                             213800YWMHGTNXCWZC33
 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 £0.04 each
     Identification code                                             GB00BRC2TB67
 b)  Nature of the transaction                                       Grant of Options
 c)  Price(s) and volumes(s)                                         Price(s)                             Volume(s)
                                     1.   Nil

                                     2.   Nil                                          1.   1,000,000

                                                                                       2.   1,000,000
 d)  Aggregated information
     Aggregated volume                                               N/A
     Price                                                           N/A
 e)  Date of the transaction                                         23 October 2025
 f)  Place of the transaction                                        AIM

 

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